Cwm LLC Sells 8,998 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Key Points

• Cwm LLC has reduced its stake in Axalta Coating Systems by 49.2%, now holding 9,276 shares worth approximately $308,000.
• Axalta reported a quarterly EPS of $0.59, exceeding analyst expectations of $0.54, with a net margin of 8.56% and revenue of $1.29 billion.
• Institutional investors own an impressive 98.28% of Axalta's shares, reflecting strong confidence in the company among large financial entities.

Cwm LLC decreased its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 49.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 9,276 shares of the specialty chemicals company's stock after selling 8,998 shares during the period. Cwm LLC's holdings in Axalta Coating Systems were worth $308,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its stake 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 acquiring an additional 823 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Axalta Coating Systems by 105.9% during the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 488 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Axalta Coating Systems by 31.1% during the 1st quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company's stock worth $91,000 after purchasing an additional 651 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Axalta Coating Systems by 54.7% during the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock worth $112,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Axalta Coating Systems by 12.1% during the 1st quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock worth $123,000 after purchasing an additional 401 shares in the last quarter. Institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $29.53 on Friday. 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's fifty day moving average price is $30.37 and its two-hundred day moving average price is $32.84. Axalta Coating Systems Ltd. has a one year low of $27.70 and a one year high of $41.65. The firm has a market cap of $6.45 billion, a price-to-earnings ratio of 14.40, a P/E/G ratio of 1.41 and a beta of 1.25.

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 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.05. Axalta Coating Systems had a return on equity of 26.30% and a net margin of 8.56%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm posted $0.48 EPS. The company's revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AXTA shares. BMO Capital Markets cut Axalta Coating Systems from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $51.00 to $33.00 in a research note on Wednesday, July 16th. BNP Paribas upgraded Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Thursday, April 10th. Wall Street Zen cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. cut Axalta Coating Systems from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $42.00 to $32.00 in a research note on Thursday, May 8th. Finally, Mizuho dropped their price objective on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 15th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Axalta Coating Systems currently has an average rating of "Moderate Buy" and a consensus target price of $38.80.

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.

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