SG Americas Securities LLC acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,684,540 shares of the specialty chemicals company's stock, valued at approximately $55,876,000. SG Americas Securities LLC owned approximately 0.77% of Axalta Coating Systems as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the business. Entropy Technologies LP grew its stake in Axalta Coating Systems by 102.3% during the 4th quarter. Entropy Technologies LP now owns 11,739 shares of the specialty chemicals company's stock worth $402,000 after purchasing an additional 5,935 shares in the last quarter. Savant Capital LLC boosted its stake in shares of Axalta Coating Systems by 7.1% in the 4th quarter. Savant Capital LLC now owns 28,304 shares of the specialty chemicals company's stock valued at $969,000 after buying an additional 1,885 shares during the period. New York State Teachers Retirement System boosted its stake in shares of Axalta Coating Systems by 10.5% in the 4th quarter. New York State Teachers Retirement System now owns 69,447 shares of the specialty chemicals company's stock valued at $2,376,000 after buying an additional 6,603 shares during the period. Blue Trust Inc. grew its position in shares of Axalta Coating Systems by 1,584.8% during the fourth quarter. Blue Trust Inc. now owns 4,313 shares of the specialty chemicals company's stock worth $148,000 after buying an additional 4,057 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Axalta Coating Systems by 2.4% during the fourth quarter. Rhumbline Advisers now owns 579,424 shares of the specialty chemicals company's stock worth $19,828,000 after buying an additional 13,483 shares during the period. Institutional investors and hedge funds own 98.28% of the company's stock.
Axalta Coating Systems Stock Performance
Shares of AXTA stock traded down $1.39 during trading hours on Friday, reaching $28.77. 2,786,139 shares of the company's stock were exchanged, compared to its average volume of 2,046,877. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. 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 cap of $6.29 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 0.92 and a beta of 1.27. The company's 50 day moving average is $31.42 and its two-hundred day moving average is $34.26.
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, topping the consensus estimate 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 return on equity of 26.29% and a net margin of 7.41%. Axalta Coating Systems's revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. The Goldman Sachs Group decreased 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 note on Wednesday, May 14th. Barclays decreased 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. Wall Street Zen downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price on the stock in a report on Thursday, April 10th. Finally, Wells Fargo & Company lifted their price target on Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.50.
Check Out Our Latest Analysis on AXTA
About Axalta Coating Systems
(
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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