Nomura Holdings Inc. Purchases Shares of 28,935 Axalta Coating Systems Ltd. (NYSE:AXTA)

Nomura Holdings Inc. purchased a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 28,935 shares of the specialty chemicals company's stock, valued at approximately $990,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of Axalta Coating Systems by 9.6% in the fourth quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company's stock worth $387,439,000 after acquiring an additional 988,397 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Axalta Coating Systems by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company's stock worth $386,032,000 after acquiring an additional 50,520 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Axalta Coating Systems by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company's stock worth $225,789,000 after acquiring an additional 82,200 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in shares of Axalta Coating Systems by 54.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company's stock worth $191,190,000 after acquiring an additional 1,980,296 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Axalta Coating Systems by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,874,038 shares of the specialty chemicals company's stock worth $132,568,000 after acquiring an additional 93,298 shares during the last quarter. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Trading Down 2.0%

NYSE AXTA traded down $0.63 during trading on Friday, reaching $30.94. 2,108,841 shares of the stock traded hands, compared to its average volume of 2,030,851. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The stock's 50-day moving average price is $32.04 and its 200 day moving average price is $35.20. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a fifty-two week low of $27.70 and a fifty-two week 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, beating analysts' consensus estimates of $0.54 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.29 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business's revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. Analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Thursday, April 10th. JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $42.00 to $32.00 in a research report on Thursday, May 8th. The Goldman Sachs Group lowered their price target 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. Wells Fargo & Company lifted their price target on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Finally, Barclays lowered their price target 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. Six 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.38.

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.