Baldwin Investment Management LLC Grows Position in 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 raised its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 76.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 36,301 shares of the specialty chemicals company's stock after purchasing 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 filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Axalta Coating Systems by 0.4% in the 4th quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company's stock valued at $386,032,000 after acquiring an additional 50,520 shares in the last quarter. Wellington Management Group LLP increased its stake in Axalta Coating Systems by 1.3% during the 4th quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company's stock valued at $225,789,000 after purchasing an additional 82,200 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Axalta Coating Systems by 54.9% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company's stock valued at $191,190,000 after purchasing an additional 1,980,296 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Axalta Coating Systems by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,874,038 shares of the specialty chemicals company's stock valued at $132,568,000 after purchasing an additional 93,298 shares in the last quarter. Finally, Norges Bank bought a new stake in Axalta Coating Systems during the 4th quarter valued at $87,850,000. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock traded down $0.17 on Thursday, hitting $28.51. 1,888,748 shares of the company traded hands, compared to its average volume of 2,362,019. The stock has a market capitalization of $6.23 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 1.37 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 52 week low of $27.70 and a 52 week high of $41.65. The business has a 50-day simple moving average of $30.19 and a 200 day simple moving average of $32.73.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The specialty chemicals company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.33 billion. Axalta Coating Systems had a net margin of 8.56% and a return on equity of 26.30%. Axalta Coating Systems's quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 earnings per share. Research analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, May 14th. Citigroup reiterated a "neutral" rating and issued a $34.00 target price (down previously from $35.00) on shares of Axalta Coating Systems in a research note on Friday, June 13th. Deutsche Bank Aktiengesellschaft downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price objective for the company. in a report on Friday, July 18th. JPMorgan Chase & Co. downgraded shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $42.00 to $32.00 in a report on Thursday, May 8th. Finally, BNP Paribas upgraded shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective for the company in a report on Thursday, April 10th. Seven research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of "Moderate Buy" and an average 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.