Deutsche Bank AG Has $62.10 Million Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Key Points

• Deutsche Bank AG has reduced its stock holdings in Axalta Coating Systems by 4.0%, maintaining ownership of approximately $62.10 million in shares.
• Several other investors made significant changes to their positions, with some increasing their holdings in Axalta Coating Systems by over 397% during the same quarter.
• Analysts have mixed ratings on Axalta, with a consensus rating of "Moderate Buy" and a price target averaging $37.71, after several price targets were revised downwards.

Deutsche Bank AG trimmed its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 4.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,872,205 shares of the specialty chemicals company's stock after selling 78,697 shares during the period. Deutsche Bank AG owned approximately 0.86% of Axalta Coating Systems worth $62,101,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXTA. Financial Management Professionals Inc. raised its stake in shares of 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 acquiring an additional 823 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in Axalta Coating Systems by 105.9% during the first 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 during the period. UMB Bank n.a. grew its holdings in Axalta Coating Systems by 31.1% during the first 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 during the period. Fifth Third Bancorp grew its holdings in 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 boosted its holdings in shares of Axalta Coating Systems by 397.4% in the fourth quarter. Quarry LP now owns 4,676 shares of the specialty chemicals company's stock valued at $160,000 after buying an additional 3,736 shares during the period. 98.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price target for the company. in a report on Friday, July 18th. Mizuho reduced their price target on shares of Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating for the company in a report on Tuesday, July 15th. Royal Bank Of Canada reduced their price target on shares of Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, August 1st. Wall Street Zen cut shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, BMO Capital Markets cut shares of Axalta Coating Systems from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $51.00 to $33.00 in a report on Wednesday, July 16th. Seven 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $37.71.

Axalta Coating Systems Stock Up 4.3%

Shares of AXTA stock traded up $1.27 during trading on Wednesday, reaching $30.74. The company's stock had a trading volume of 2,627,613 shares, compared to its average volume of 3,291,407. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 15.07, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. The business has a fifty day moving average price of $29.72 and a 200-day moving average price of $32.23. Axalta Coating Systems Ltd. has a one year low of $27.58 and a one year high of $41.65. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.47.

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