Federated Hermes Inc. Has $37.79 Million Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Federated Hermes Inc. increased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 12.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,139,236 shares of the specialty chemicals company's stock after buying an additional 125,070 shares during the quarter. Federated Hermes Inc. owned 0.52% of Axalta Coating Systems worth $37,788,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AXTA. Baldwin Investment Management LLC increased its stake in Axalta Coating Systems by 76.8% in the first quarter. Baldwin Investment Management LLC now owns 36,301 shares of the specialty chemicals company's stock valued at $1,204,000 after acquiring an additional 15,770 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Axalta Coating Systems by 13.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,721 shares of the specialty chemicals company's stock valued at $2,047,000 after purchasing an additional 7,273 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Axalta Coating Systems by 57.6% in the 1st quarter. Cetera Investment Advisers now owns 24,233 shares of the specialty chemicals company's stock worth $804,000 after buying an additional 8,861 shares during the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Axalta Coating Systems during the 1st quarter valued at $511,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Axalta Coating Systems by 4.9% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 118,578 shares of the specialty chemicals company's stock worth $3,933,000 after acquiring an additional 5,499 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on AXTA. Citigroup restated a "neutral" rating and issued a $34.00 price objective (down from $35.00) on shares of Axalta Coating Systems in a research report on Friday, June 13th. Wells Fargo & Company lowered their price objective on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. BMO Capital Markets downgraded Axalta Coating Systems from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $51.00 to $33.00 in a research note on Wednesday, July 16th. Mizuho dropped their target price on shares of 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. Finally, Wall Street Zen lowered Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Axalta Coating Systems has a consensus rating of "Moderate Buy" and a consensus target price of $37.71.

Axalta Coating Systems Price Performance

AXTA stock traded up $0.30 during mid-day trading on Monday, reaching $28.12. The company's stock had a trading volume of 810,468 shares, compared to its average volume of 2,372,791. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.47. The company's 50 day moving average is $30.07 and its two-hundred day moving average is $32.60. The stock has a market cap of $6.09 billion, a PE ratio of 13.77, a P/E/G ratio of 1.33 and a beta of 1.27. Axalta Coating Systems Ltd. has a fifty-two week low of $27.58 and a fifty-two week high of $41.65.

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

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.