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New York State Common Retirement Fund Has $6.22 Million Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Axalta Coating Systems logo with Basic Materials background

New York State Common Retirement Fund lifted its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 13.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,469 shares of the specialty chemicals company's stock after buying an additional 22,000 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Axalta Coating Systems worth $6,218,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AXTA. ProShare Advisors LLC raised its holdings in Axalta Coating Systems by 2.9% in the 4th quarter. ProShare Advisors LLC now owns 12,242 shares of the specialty chemicals company's stock worth $419,000 after acquiring an additional 343 shares during the period. Fifth Third Bancorp grew its position in shares of 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 purchasing an additional 401 shares during the last quarter. Xponance Inc. increased its stake in shares of Axalta Coating Systems by 1.6% in the first quarter. Xponance Inc. now owns 25,360 shares of the specialty chemicals company's stock worth $841,000 after purchasing an additional 407 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Axalta Coating Systems by 3.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,691 shares of the specialty chemicals company's stock worth $469,000 after purchasing an additional 431 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of Axalta Coating Systems by 105.9% during the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 488 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on AXTA shares. Mizuho set a $35.00 price target on Axalta Coating Systems and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. 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 note on Thursday, May 8th. Citigroup reaffirmed a "neutral" rating and set a $34.00 target price (down previously from $35.00) on shares of Axalta Coating Systems in a research report on Friday, June 13th. Wells Fargo & Company reduced 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 report on Tuesday, July 1st. Finally, Barclays dropped their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday, May 15th. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.80.

View Our Latest Stock Report on Axalta Coating Systems

Axalta Coating Systems Stock Down 1.2%

NYSE AXTA opened at $29.71 on Monday. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.66. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 0.83 and a beta of 1.25. The stock's 50 day moving average is $30.67 and its two-hundred day moving average is $32.98. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.60.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate 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 business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the firm earned $0.48 EPS. Axalta Coating Systems's quarterly revenue was down 2.5% on a year-over-year basis. Equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Axalta Coating Systems Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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