Voloridge Investment Management LLC reduced its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 94.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,581 shares of the specialty chemicals company's stock after selling 327,396 shares during the period. Voloridge Investment Management LLC's holdings in Axalta Coating Systems were worth $670,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of AXTA. Jones Financial Companies Lllp raised its position in shares of Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock worth $45,000 after acquiring an additional 498 shares during the period. Plato Investment Management Ltd increased its stake in shares of Axalta Coating Systems by 156.4% in the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock valued at $77,000 after purchasing an additional 1,365 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Axalta Coating Systems by 31.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock valued at $88,000 after purchasing an additional 617 shares in the last quarter. Headlands Technologies LLC raised its holdings in Axalta Coating Systems by 54.7% in the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock worth $112,000 after purchasing an additional 1,156 shares during the period. Finally, Blue Trust Inc. boosted its position in Axalta Coating Systems by 1,584.8% during the fourth quarter. Blue Trust Inc. now owns 4,313 shares of the specialty chemicals company's stock worth $148,000 after purchasing an additional 4,057 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.
Axalta Coating Systems Price Performance
Shares of NYSE:AXTA traded down $0.43 during midday trading on Friday, hitting $30.78. The company had a trading volume of 2,278,173 shares, compared to its average volume of 2,044,679. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.66. The stock has a market cap of $6.73 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The business's 50-day simple moving average is $31.73 and its 200-day simple moving average is $34.93.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. The business had revenue of $1.29 billion during 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 company's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the company earned $0.48 EPS. On average, research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. The Goldman Sachs Group reduced their price objective on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective on the stock in a report on Thursday, April 10th. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a research note on Tuesday, April 15th. Finally, Morgan Stanley reduced their price target on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $40.38.
View Our Latest Research Report on AXTA
About Axalta Coating Systems
(
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.
Read More
Before you consider Axalta Coating Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Axalta Coating Systems wasn't on the list.
While Axalta Coating Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
