Baldwin Investment Management LLC Acquires 15,770 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Key Points

• Baldwin Investment Management LLC increased its stake in Axalta Coating Systems by 76.8%, owning 36,301 shares valued at approximately $1.20 million.
• Institutional investors currently own 98.28% of Axalta's stock, with other funds like HighTower Advisors and American Century also significantly increasing their holdings.
• Analysts have a consensus rating of "Moderate Buy" for Axalta Coating Systems, with price targets ranging from $35.00 to $42.00.

Baldwin Investment Management LLC increased its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 76.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,301 shares of the specialty chemicals company's stock after buying an additional 15,770 shares during the period. Baldwin Investment Management LLC's holdings in Axalta Coating Systems were worth $1,204,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Financial Management Professionals Inc. grew its holdings 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 valued at $28,000 after purchasing an additional 823 shares during the period. Golden State Wealth Management LLC increased its position in shares of 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 acquiring an additional 488 shares in the last quarter. UMB Bank n.a. increased its position in shares of 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 acquiring an additional 651 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Axalta Coating Systems by 54.7% in the fourth quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock worth $112,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Axalta Coating Systems by 12.1% in the first quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock worth $123,000 after acquiring an additional 401 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock traded down $0.38 during trading on Monday, hitting $29.15. 2,333,598 shares of the stock were exchanged, compared to its average volume of 2,574,020. The stock's fifty day moving average is $30.31 and its 200 day moving average is $32.79. The stock has a market cap of $6.37 billion, a PE ratio of 14.22, a P/E/G ratio of 1.41 and a beta of 1.25. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.53 and a current ratio of 2.12. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.65.

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

Analysts Set New Price Targets

AXTA has been the subject of several recent research reports. The Goldman Sachs Group dropped their price objective on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Citigroup restated a "neutral" rating and issued a $34.00 target price (down from $35.00) on shares of Axalta Coating Systems in a research note on Friday, June 13th. JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and cut their price target for the company from $42.00 to $32.00 in a report on Thursday, May 8th. Mizuho cut their price target on shares of Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a report on Tuesday, July 15th. Finally, Barclays cut their price target on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. Seven research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $38.80.

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.