Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Acquired by Shelton Wealth Management LLC

Shelton Wealth Management LLC lifted its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 288.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,848 shares of the specialty chemicals company's stock after buying an additional 19,188 shares during the quarter. Shelton Wealth Management LLC's holdings in Axalta Coating Systems were worth $857,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AXTA. New York State Teachers Retirement System grew its holdings in shares of Axalta Coating Systems by 10.5% during the fourth quarter. New York State Teachers Retirement System now owns 69,447 shares of the specialty chemicals company's stock worth $2,376,000 after buying an additional 6,603 shares in the last quarter. Blue Trust Inc. grew its holdings in Axalta Coating Systems by 1,584.8% in the fourth quarter. Blue Trust Inc. now owns 4,313 shares of the specialty chemicals company's stock valued at $148,000 after purchasing an additional 4,057 shares during the period. Rhumbline Advisers grew its holdings in Axalta Coating Systems by 2.4% in the fourth quarter. Rhumbline Advisers now owns 579,424 shares of the specialty chemicals company's stock valued at $19,828,000 after purchasing an additional 13,483 shares during the period. Principal Securities Inc. grew its holdings in Axalta Coating Systems by 5.5% in the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock valued at $218,000 after purchasing an additional 332 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in Axalta Coating Systems by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company's stock valued at $231,000 after purchasing an additional 334 shares during the period. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Trading Up 1.9%

AXTA traded up $0.56 during trading on Monday, hitting $29.62. 2,197,819 shares of the company's stock were exchanged, compared to its average volume of 2,074,024. The stock has a 50 day moving average price of $31.25 and a 200 day moving average price of $33.71. Axalta Coating Systems Ltd. has a 1 year low of $27.70 and a 1 year high of $41.66. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.60. The firm has a market cap of $6.47 billion, a P/E ratio of 14.45, a price-to-earnings-growth ratio of 0.81 and a beta of 1.27.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its 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 net margin of 8.56% and a return on equity of 26.30%. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same period in the previous year, the company posted $0.48 earnings per share. The business's revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Barclays lowered their target price on shares of Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a report on Thursday, May 15th. JPMorgan Chase & Co. downgraded shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $42.00 to $32.00 in a report on Thursday, May 8th. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a report on Tuesday, April 15th. Morgan Stanley lowered their target price on shares of 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. Finally, The Goldman Sachs Group lowered their target price on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Six equities research 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.com, Axalta Coating Systems has a consensus rating of "Moderate Buy" and a consensus price target of $40.50.

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.