Universal Beteiligungs und Servicegesellschaft mbH Cuts Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 12.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,793 shares of the specialty chemicals company's stock after selling 8,716 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Axalta Coating Systems were worth $2,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ProShare Advisors LLC lifted its position in Axalta Coating Systems by 2.9% during the 4th quarter. ProShare Advisors LLC now owns 12,242 shares of the specialty chemicals company's stock worth $419,000 after buying an additional 343 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of Axalta Coating Systems by 12.1% in the 1st quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company's stock valued at $123,000 after acquiring an additional 401 shares in the last quarter. Xponance Inc. boosted its holdings in shares of Axalta Coating Systems by 1.6% in the 1st quarter. Xponance Inc. now owns 25,360 shares of the specialty chemicals company's stock valued at $841,000 after buying an additional 407 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in Axalta Coating Systems by 3.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,691 shares of the specialty chemicals company's stock valued at $469,000 after acquiring an additional 431 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in Axalta Coating Systems by 105.9% in the 1st quarter. Golden State Wealth Management LLC now owns 949 shares of the specialty chemicals company's stock valued at $31,000 after acquiring an additional 488 shares during the period. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock traded down $0.50 during trading hours on Friday, hitting $27.82. The company's stock had a trading volume of 3,142,912 shares, compared to its average volume of 2,961,726. Axalta Coating Systems Ltd. has a 12-month low of $27.58 and a 12-month high of $41.65. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.53 and a current ratio of 2.12. The business has a 50 day moving average price of $30.13 and a two-hundred day moving average price of $32.69. The company has a market cap of $6.02 billion, a PE ratio of 11.70, a PEG ratio of 1.35 and a beta of 1.27.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its earnings results on Wednesday, July 30th. The specialty chemicals company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.33 billion. Axalta Coating Systems had a return on equity of 25.32% and a net margin of 8.58%. The company's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.57 earnings per share. Analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on AXTA shares. Wall Street Zen cut Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Royal Bank Of Canada cut their target price on Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday. Wells Fargo & Company reduced their target price on shares of Axalta Coating Systems from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. The Goldman Sachs Group cut their price objective on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, May 14th. Finally, Mizuho dropped their price objective on Axalta Coating Systems from $39.00 to $35.00 and set an "outperform" rating for the company in a report on Tuesday, July 15th. Seven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

About Axalta Coating Systems

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.