UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 46.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 929,215 shares of the specialty chemicals company's stock after buying an additional 296,198 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.43% of Axalta Coating Systems worth $31,798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Axalta Coating Systems by 50.4% in the 3rd quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company's stock valued at $5,589,000 after acquiring an additional 51,748 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Axalta Coating Systems by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company's stock valued at $820,000 after buying an additional 323 shares during the period. Blue Trust Inc. grew its stake in shares of Axalta Coating Systems by 1,748.4% in the 4th quarter. Blue Trust Inc. now owns 4,732 shares of the specialty chemicals company's stock valued at $171,000 after purchasing an additional 4,476 shares during the period. KBC Group NV grew its position in Axalta Coating Systems by 53.5% in the fourth quarter. KBC Group NV now owns 8,996 shares of the specialty chemicals company's stock valued at $308,000 after acquiring an additional 3,137 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Axalta Coating Systems in the 4th quarter worth about $181,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Performance

NYSE AXTA traded down $0.43 during trading hours on Friday, reaching $30.78. The stock had a trading volume of 2,278,173 shares, compared to its average volume of 2,044,679. Axalta Coating Systems Ltd. has a 52-week low of $27.70 and a 52-week high of $41.66. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The stock has a market cap of $6.73 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The stock has a fifty day moving average of $31.73 and a 200 day moving average of $34.89.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm's revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. Sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

AXTA has been the subject of a number of research reports. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target for the company in a report on Thursday, April 10th. 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. JPMorgan Chase & Co. cut Axalta Coating Systems from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $42.00 to $32.00 in a research report on Thursday, May 8th. Wells Fargo & Company lifted their target price on Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Citigroup dropped their target price on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. 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 stock. Based on data from MarketBeat, Axalta Coating Systems currently has an average rating of "Moderate Buy" and an average price target of $40.38.

Axalta Coating Systems Company 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.