Teza Capital Management LLC decreased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 44.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,306 shares of the specialty chemicals company's stock after selling 29,572 shares during the quarter. Teza Capital Management LLC's holdings in Axalta Coating Systems were worth $1,242,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in shares of Axalta Coating Systems by 57.8% during the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company's stock worth $12,183,000 after acquiring an additional 130,427 shares during the period. Principal Securities Inc. boosted its holdings in shares of 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. Barclays PLC grew its stake in Axalta Coating Systems by 50.4% in the third quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company's stock worth $5,589,000 after purchasing an additional 51,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Axalta Coating Systems by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,826 shares of the specialty chemicals company's stock worth $49,031,000 after purchasing an additional 9,572 shares during the period. Finally, ING Groep NV bought a new stake in Axalta Coating Systems during the 4th quarter valued at $6,160,000. Institutional investors own 98.28% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on AXTA. Citigroup decreased their price objective on Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a research report on Tuesday, April 15th. 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. Morgan Stanley reduced 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 note on Thursday, May 8th. Finally, Wells Fargo & Company increased their target price on Axalta Coating Systems from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Six investment 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.com, Axalta Coating Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.38.
View Our Latest Stock Analysis on Axalta Coating Systems
Axalta Coating Systems Stock Performance
Axalta Coating Systems stock traded up $0.26 during mid-day trading on Thursday, hitting $31.55. The company had a trading volume of 2,631,344 shares, compared to its average volume of 2,028,210. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 0.92 and a beta of 1.35. The company's fifty day moving average is $32.18 and its 200-day moving average is $35.33. Axalta Coating Systems Ltd. has a 12-month low of $27.70 and a 12-month high of $41.66.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. The company 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 7.41% and a return on equity of 26.29%. The firm's revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.48 earnings per share. Equities research analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.
Axalta Coating Systems Profile
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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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