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

New York State Teachers Retirement System lifted its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 12.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,859 shares of the specialty chemicals company's stock after buying an additional 8,412 shares during the period. New York State Teachers Retirement System's holdings in Axalta Coating Systems were worth $2,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of AXTA. Proficio Capital Partners LLC purchased a new position in shares of Axalta Coating Systems in the fourth quarter worth about $350,000. Jones Financial Companies Lllp lifted its stake in shares of Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock worth $45,000 after buying an additional 498 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Axalta Coating Systems by 24.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,951 shares of the specialty chemicals company's stock worth $238,000 after buying an additional 1,351 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Axalta Coating Systems by 0.7% in 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 buying an additional 9,572 shares in the last quarter. Finally, Atria Investments Inc increased its position in Axalta Coating Systems by 19.6% during the fourth 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 during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AXTA. The Goldman Sachs Group cut their price objective on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Barclays cut 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. Morgan Stanley cut their price objective 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. Mizuho set a $37.00 price objective on shares of Axalta Coating Systems in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company cut their price objective 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, July 1st. Five 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's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $40.60.

Axalta Coating Systems Stock Down 0.0%

Shares of NYSE:AXTA traded down $0.02 during trading on Thursday, hitting $30.94. 1,826,594 shares of the company were exchanged, compared to its average volume of 2,097,168. The stock has a market capitalization of $6.76 billion, a P/E ratio of 15.09, a PEG ratio of 0.87 and a beta of 1.25. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.12 and a quick ratio of 1.53. Axalta Coating Systems Ltd. has a 12-month low of $27.70 and a 12-month high of $41.66. The firm's 50 day moving average price is $30.93 and its 200-day moving average price is $33.16.

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 for the quarter, topping the consensus estimate of $0.54 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a net margin of 8.56% and a return on equity of 26.30%. The company's revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. On average, research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Axalta Coating Systems 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.