Axalta Coating Systems Ltd. (NYSE:AXTA) Holdings Lifted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 8.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 480,443 shares of the specialty chemicals company's stock after purchasing an additional 38,031 shares during the period. Envestnet Asset Management Inc. owned approximately 0.22% of Axalta Coating Systems worth $15,936,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AXTA. Financial Management Professionals Inc. raised its position in shares of 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 buying an additional 823 shares in the last quarter. Golden State Wealth Management LLC increased its position in 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. increased its position in 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 increased its position in 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 increased its position in 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 Up 0.2%

NYSE AXTA traded up $0.05 during trading on Monday, hitting $29.75. 2,999,857 shares of the company traded hands, compared to its average volume of 2,128,494. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.60. The business has a fifty day simple moving average of $30.67 and a 200 day simple moving average of $32.98. The company has a market capitalization of $6.50 billion, a P/E ratio of 14.51, a PEG ratio of 0.83 and a beta of 1.25. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AXTA. 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 on the stock in a report on Wednesday, May 14th. Morgan Stanley reduced their price objective on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Mizuho set a $35.00 price objective on shares of Axalta Coating Systems and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Wells Fargo & Company reduced their price objective on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating and set a $32.00 price objective on the stock. in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.