Axalta Coating Systems Ltd. (NYSE:AXTA) Position Lowered by Leeward Investments LLC MA

Leeward Investments LLC MA reduced its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 476,903 shares of the specialty chemicals company's stock after selling 20,065 shares during the quarter. Leeward Investments LLC MA owned approximately 0.22% of Axalta Coating Systems worth $15,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of Axalta Coating Systems by 3,005.3% during the 1st quarter. GAMMA Investing LLC now owns 76,855 shares of the specialty chemicals company's stock worth $2,549,000 after buying an additional 74,380 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Axalta Coating Systems by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 25,540 shares of the specialty chemicals company's stock worth $847,000 after buying an additional 675 shares during the last quarter. American Century Companies Inc. increased its stake in Axalta Coating Systems by 57.8% during the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company's stock worth $12,183,000 after acquiring an additional 130,427 shares during the last quarter. Fifth Third Bancorp increased its stake 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 worth $123,000 after acquiring an additional 401 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Axalta Coating Systems by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,432,826 shares of the specialty chemicals company's stock worth $49,031,000 after acquiring an additional 9,572 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Down 1.2%

NYSE:AXTA traded down $0.37 on Friday, reaching $30.87. The stock had a trading volume of 1,687,158 shares, compared to its average volume of 2,098,902. The stock has a market cap of $6.75 billion, a P/E ratio of 15.06, a price-to-earnings-growth ratio of 0.87 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. 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 company has a 50-day moving average of $31.04 and a 200 day moving average of $33.26.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AXTA shares. Morgan Stanley dropped their target price on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Wall Street Zen lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays dropped their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. Citigroup reaffirmed a "neutral" rating and set a $34.00 price target (down from $35.00) on shares of Axalta Coating Systems in a research report on Friday, June 13th. Finally, Wells Fargo & Company decreased their price target on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Tuesday. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Axalta Coating Systems presently has an average rating of "Moderate Buy" and a consensus target price of $40.44.

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.