Leeward Investments LLC MA Lowers Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Leeward Investments LLC MA lowered its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 4.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 476,903 shares of the specialty chemicals company's stock after selling 20,065 shares during the quarter. Leeward Investments LLC MA owned about 0.22% of Axalta Coating Systems worth $15,819,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in 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 acquiring an additional 74,380 shares during the period. State of Alaska Department of Revenue lifted its position in 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 acquiring an additional 675 shares during the period. American Century Companies Inc. lifted its position in Axalta Coating Systems by 57.8% during the 4th 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 period. Fifth Third Bancorp lifted 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 acquiring an additional 401 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Axalta Coating Systems by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,826 shares of the specialty chemicals company's stock valued at $49,031,000 after buying an additional 9,572 shares during the period. Institutional investors and hedge funds own 98.28% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AXTA shares. Wall Street Zen cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Wells Fargo & Company decreased their price objective on Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Barclays reduced their price target on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. Morgan Stanley reduced their target price on 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. Finally, Citigroup reaffirmed a "neutral" rating and set a $34.00 target price (down from $35.00) on shares of Axalta Coating Systems in a research note on Friday, June 13th. Six research 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.com, the company has an average rating of "Moderate Buy" and an average target price of $40.44.

Axalta Coating Systems Trading Down 2.2%

AXTA stock traded down $0.68 during trading on Monday, reaching $30.19. 2,010,428 shares of the stock were exchanged, compared to its average volume of 2,098,548. 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 firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.87 and a beta of 1.25. The business has a 50 day moving average price of $31.04 and a 200-day moving average price of $33.25. Axalta Coating Systems Ltd. has a 1 year low of $27.70 and a 1 year high of $41.66.

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

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.