Harbor Capital Advisors Inc. Has $10.72 Million Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Harbor Capital Advisors Inc. lowered its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 15.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 323,172 shares of the specialty chemicals company's stock after selling 60,021 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.15% of Axalta Coating Systems worth $10,720,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in Axalta Coating Systems by 9.6% in the fourth quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company's stock valued at $387,439,000 after buying an additional 988,397 shares during the period. JPMorgan Chase & Co. boosted its stake in Axalta Coating Systems by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company's stock worth $386,032,000 after acquiring an additional 50,520 shares during the last quarter. Wellington Management Group LLP grew its holdings in Axalta Coating Systems by 1.3% during the fourth quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company's stock valued at $225,789,000 after purchasing an additional 82,200 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Axalta Coating Systems by 54.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company's stock valued at $191,190,000 after purchasing an additional 1,980,296 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Axalta Coating Systems by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,874,038 shares of the specialty chemicals company's stock valued at $132,568,000 after purchasing an additional 93,298 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

Shares of AXTA traded down $0.11 during midday trading on Thursday, reaching $30.18. The stock had a trading volume of 1,393,995 shares, compared to its average volume of 2,037,379. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The firm has a 50 day simple moving average of $31.40 and a 200-day simple moving average of $34.42. The firm has a market cap of $6.60 billion, a PE ratio of 16.96, a P/E/G ratio of 0.92 and a beta of 1.27. Axalta Coating Systems Ltd. has a one year low of $27.70 and a one year high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. Axalta Coating Systems's quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the company posted $0.48 earnings per share. As a group, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on AXTA shares. Wall Street Zen cut shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company raised their price target on Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Citigroup decreased their price objective on Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target on the stock in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. downgraded shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $42.00 to $32.00 in a research report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Axalta Coating Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.38.

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.