Axalta Coating Systems Ltd. $AXTA Position Increased by Cetera Investment Advisers

Cetera Investment Advisers boosted its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 57.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,233 shares of the specialty chemicals company's stock after buying an additional 8,861 shares during the period. Cetera Investment Advisers' holdings in Axalta Coating Systems were worth $804,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in AXTA. Financial Management Professionals Inc. increased its position in Axalta Coating Systems by 11,757.1% in the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 823 shares during the period. Golden State Wealth Management LLC increased its position in Axalta Coating Systems by 105.9% in the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 488 shares during the period. UMB Bank n.a. increased its position in Axalta Coating Systems by 31.1% in the first quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company's stock worth $91,000 after buying an additional 651 shares during the period. Fifth Third Bancorp increased its holdings in shares of Axalta Coating Systems by 12.1% during the first quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock valued at $123,000 after purchasing an additional 401 shares during the period. Finally, Quarry LP increased its holdings in shares of Axalta Coating Systems by 397.4% during the fourth quarter. Quarry LP now owns 4,676 shares of the specialty chemicals company's stock valued at $160,000 after purchasing an additional 3,736 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

NYSE:AXTA traded up $0.22 during mid-day trading on Monday, reaching $30.63. 968,035 shares of the stock were exchanged, compared to its average volume of 2,402,986. The business has a fifty day moving average price of $29.72 and a 200 day moving average price of $32.07. The firm has a market capitalization of $6.63 billion, a PE ratio of 15.02, a PEG ratio of 1.76 and a beta of 1.27. Axalta Coating Systems Ltd. has a 1-year low of $27.58 and a 1-year high of $41.65. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.03. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company earned $0.57 earnings per share. Axalta Coating Systems's revenue was down 3.4% compared to the same quarter last year. Research analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their price target on Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Tuesday, July 1st. Royal Bank Of Canada lowered their price target on Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. The Goldman Sachs Group lowered 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. Barclays lowered their price target 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. Finally, Mizuho cut their target price on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating for the company in a research report on Tuesday, July 15th. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.71.

About Axalta Coating Systems

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.