Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Acquired by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC increased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 12.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,826 shares of the specialty chemicals company's stock after buying an additional 11,346 shares during the period. Wedge Capital Management L L P NC's holdings in Axalta Coating Systems were worth $3,444,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AXTA. Victory Capital Management Inc. boosted its holdings in shares of Axalta Coating Systems by 9.6% in the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company's stock valued at $387,439,000 after buying an additional 988,397 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Axalta Coating Systems by 0.4% during the fourth quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company's stock valued at $386,032,000 after acquiring an additional 50,520 shares during the last quarter. Wellington Management Group LLP lifted its position in Axalta Coating Systems by 1.3% during the fourth quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company's stock valued at $225,789,000 after acquiring an additional 82,200 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Axalta Coating Systems by 54.9% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company's stock valued at $191,190,000 after acquiring an additional 1,980,296 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Axalta Coating Systems by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,874,038 shares of the specialty chemicals company's stock worth $132,568,000 after purchasing an additional 93,298 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

Wall Street Analysts Forecast Growth

AXTA has been the topic of several recent analyst reports. BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Thursday, April 10th. Citigroup decreased their price objective 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. Morgan Stanley dropped their target price on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Wells Fargo & Company upped their price target on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. downgraded shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $42.00 to $32.00 in a research note on Thursday, May 8th. Six 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.38.

Axalta Coating Systems Trading Down 2.5%

NYSE AXTA traded down $0.78 during trading hours on Wednesday, reaching $30.28. The company had a trading volume of 2,708,983 shares, compared to its average volume of 2,039,380. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.66. The stock has a market capitalization of $6.62 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 0.92 and a beta of 1.27. The stock has a 50-day moving average of $31.39 and a 200 day moving average of $34.45. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.05. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

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.