Axalta Coating Systems Ltd. (NYSE:AXTA) Stock Position Lifted by New York State Teachers Retirement System

New York State Teachers Retirement System raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 12.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,859 shares of the specialty chemicals company's stock after acquiring 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC grew its holdings in shares of Axalta Coating Systems by 3,005.3% during the first 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 in the last quarter. State of Alaska Department of Revenue lifted its position in Axalta Coating Systems by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 25,540 shares of the specialty chemicals company's stock valued at $847,000 after buying an additional 675 shares during the last quarter. American Century Companies Inc. lifted its position in Axalta Coating Systems by 57.8% in the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company's stock valued at $12,183,000 after buying an additional 130,427 shares during the last quarter. Fifth Third Bancorp lifted its position in 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 buying an additional 401 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in 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 valued at $49,031,000 after buying an additional 9,572 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXTA has been the topic of several research reports. Wells Fargo & Company reduced their price target on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. The Goldman Sachs Group reduced their price target on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target on the stock in a research report on Thursday, April 10th. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a report on Tuesday, April 15th. Finally, Barclays reduced their target price 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. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Axalta Coating Systems presently has an average rating of "Moderate Buy" and a consensus target price of $40.60.

Axalta Coating Systems Stock Up 0.5%

Shares of AXTA stock traded up $0.16 on Thursday, hitting $31.11. The stock had a trading volume of 881,625 shares, compared to its average volume of 2,092,988. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 0.87 and a beta of 1.25. The stock's 50 day moving average is $30.96 and its 200-day moving average is $33.19. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.53 and a current ratio of 2.12. Axalta Coating Systems Ltd. has a 52-week low of $27.70 and a 52-week high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates 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 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 EPS. As a group, research analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current 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.