Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 32.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,251 shares of the specialty chemicals company's stock after selling 48,929 shares during the quarter. Teacher Retirement System of Texas' holdings in Axalta Coating Systems were worth $3,392,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in AXTA. Financial Management Professionals Inc. lifted its holdings in Axalta Coating Systems by 11,757.1% in the 1st quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 823 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in Axalta Coating Systems by 105.9% in the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock valued at $31,000 after purchasing an additional 488 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Axalta Coating Systems by 60.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock valued at $45,000 after purchasing an additional 498 shares in the last quarter. UMB Bank n.a. lifted its holdings in Axalta Coating Systems by 31.1% in the 1st quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company's stock valued at $91,000 after purchasing an additional 651 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in Axalta Coating Systems by 54.7% in the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock valued at $112,000 after purchasing an additional 1,156 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AXTA. Barclays decreased their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. Citigroup restated a "neutral" rating and issued a $34.00 price objective (down previously from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. JPMorgan Chase & Co. lowered Axalta Coating Systems from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $42.00 to $32.00 in a report on Thursday, May 8th. The Goldman Sachs Group reduced their price target on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Finally, Mizuho set a $37.00 price target on Axalta Coating Systems in a report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $40.60.

Axalta Coating Systems Trading Down 1.4%

Shares of NYSE:AXTA traded down $0.42 during midday trading on Friday, reaching $30.52. 1,375,766 shares of the company's stock were exchanged, compared to its average volume of 2,096,330. The firm's 50 day simple moving average is $30.88 and its two-hundred day simple moving average is $33.14. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.12 and a quick ratio of 1.53. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 14.89, a P/E/G ratio of 0.86 and a beta of 1.25. Axalta Coating Systems Ltd. has a fifty-two week low of $27.70 and a fifty-two week high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a return on equity of 26.30% and a net margin of 8.56%. The company's quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the company earned $0.48 EPS. As a group, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.