Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC grew its holdings in shares of Axalta Coating Systems by 8.4% during the fourth quarter. HighTower Advisors LLC now owns 8,270 shares of the specialty chemicals company's stock worth $283,000 after buying an additional 639 shares in the last quarter. American Century Companies Inc. increased its stake in Axalta Coating Systems by 57.8% during the 4th 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. LPL Financial LLC increased its stake in shares of Axalta Coating Systems by 46.1% in the 4th quarter. LPL Financial LLC now owns 82,380 shares of the specialty chemicals company's stock valued at $2,819,000 after purchasing an additional 25,987 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Axalta Coating Systems by 10.4% in the 4th quarter. Prudential Financial Inc. now owns 98,500 shares of the specialty chemicals company's stock valued at $3,371,000 after purchasing an additional 9,292 shares during the last quarter. Finally, Norges Bank bought a new stake in Axalta Coating Systems during the 4th quarter worth $87,850,000. Institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Price Performance

AXTA traded down $0.50 on Friday, reaching $27.82. 3,142,912 shares of the company's stock were exchanged, compared to its average volume of 2,961,726. The stock has a market cap of $6.02 billion, a PE ratio of 13.64, a P/E/G ratio of 1.33 and a beta of 1.27. Axalta Coating Systems Ltd. has a twelve month low of $27.58 and a twelve month high of $41.65. The stock's fifty day moving average price is $30.07 and its 200-day moving average price is $32.62. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.12 and a quick ratio of 1.53.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group reduced their price objective on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. JPMorgan Chase & Co. downgraded Axalta Coating Systems from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $42.00 to $32.00 in a research note on Thursday, May 8th. Royal Bank Of Canada dropped their price objective on Axalta Coating Systems from $37.00 to $34.00 and set an "outperform" rating on the stock in a research note on Friday. Barclays dropped their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a research note on Thursday, May 15th. Finally, Wall Street Zen downgraded Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $37.71.

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.