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

Federated Hermes Inc. raised its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 12.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,139,236 shares of the specialty chemicals company's stock after buying an additional 125,070 shares during the period. Federated Hermes Inc. owned 0.52% of Axalta Coating Systems worth $37,788,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. boosted its position in 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 valued at $28,000 after buying an additional 823 shares in the last quarter. Golden State Wealth Management LLC boosted its position in Axalta Coating Systems by 105.9% in the first quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock valued at $31,000 after buying an additional 488 shares in the last quarter. UMB Bank n.a. boosted its position in Axalta Coating Systems by 31.1% in the first quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company's stock valued at $91,000 after buying an additional 651 shares in the last quarter. Headlands Technologies LLC boosted its position in Axalta Coating Systems by 54.7% in the fourth quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock valued at $112,000 after buying an additional 1,156 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in Axalta Coating Systems by 12.1% in the first quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock valued at $123,000 after buying an additional 401 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Trading Down 1.8%

NYSE AXTA traded down $0.50 during mid-day trading on Friday, reaching $27.82. 3,142,912 shares of the stock were exchanged, compared to its average volume of 2,961,726. Axalta Coating Systems Ltd. has a one year low of $27.58 and a one year high of $41.65. The stock has a 50 day simple moving average of $30.13 and a 200-day simple moving average of $32.69. The stock has a market cap of $6.02 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AXTA shares. Barclays dropped their price target on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday, May 15th. Wall Street Zen downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Morgan Stanley dropped their price target on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating and set a $34.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a research note on Friday, June 13th. Finally, The Goldman Sachs Group dropped their price target 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. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.00.

Axalta Coating Systems 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.