New York State Teachers Retirement System Raises Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

New York State Teachers Retirement System increased its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 12.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,859 shares of the specialty chemicals company's stock after buying an additional 8,412 shares during the quarter. New York State Teachers Retirement System's holdings in Axalta Coating Systems were worth $2,583,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AXTA. Proficio Capital Partners LLC acquired a new position in Axalta Coating Systems during the 4th quarter worth approximately $350,000. Jones Financial Companies Lllp increased its holdings in Axalta Coating Systems by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 498 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Axalta Coating Systems by 24.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,951 shares of the specialty chemicals company's stock worth $238,000 after purchasing an additional 1,351 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Axalta Coating Systems by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,826 shares of the specialty chemicals company's stock worth $49,031,000 after purchasing an additional 9,572 shares in the last quarter. Finally, Atria Investments Inc increased its holdings in Axalta Coating Systems by 19.6% during the 4th quarter. Atria Investments Inc now owns 32,925 shares of the specialty chemicals company's stock worth $1,127,000 after purchasing an additional 5,398 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Performance

NYSE AXTA traded up $0.34 on Wednesday, hitting $30.94. 1,732,934 shares of the stock traded hands, compared to its average volume of 2,097,713. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The business's fifty day moving average is $30.99 and its two-hundred day moving average is $33.20. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.53 and a current ratio of 2.12. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 0.85 and a beta of 1.25.

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. 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 analyst estimates of $1.29 billion. During the same period last year, the company earned $0.48 earnings per share. The business's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Morgan Stanley decreased their price objective on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. lowered Axalta Coating Systems from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $42.00 to $32.00 in a report on Thursday, May 8th. Barclays decreased their price target on 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. Wells Fargo & Company decreased their price target on Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Tuesday, July 1st. Finally, Wall Street Zen downgraded Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target 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.