Westwood Holdings Group Inc. Sells 10,815 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Westwood Holdings Group Inc. trimmed its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 534,246 shares of the specialty chemicals company's stock after selling 10,815 shares during the period. Westwood Holdings Group Inc. owned about 0.24% of Axalta Coating Systems worth $18,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Twinbeech Capital LP raised its stake in Axalta Coating Systems by 91.4% in the fourth quarter. Twinbeech Capital LP now owns 125,682 shares of the specialty chemicals company's stock worth $4,301,000 after buying an additional 60,021 shares in the last quarter. State of Wyoming raised its stake in Axalta Coating Systems by 54.9% in the fourth quarter. State of Wyoming now owns 10,143 shares of the specialty chemicals company's stock worth $347,000 after buying an additional 3,596 shares in the last quarter. Shellback Capital LP bought a new position in Axalta Coating Systems in the fourth quarter worth about $7,740,000. Point72 Asset Management L.P. raised its stake in Axalta Coating Systems by 1,717.5% in the fourth quarter. Point72 Asset Management L.P. now owns 921,482 shares of the specialty chemicals company's stock worth $31,533,000 after buying an additional 870,782 shares in the last quarter. Finally, Polar Asset Management Partners Inc. raised its stake in Axalta Coating Systems by 24.9% in the fourth quarter. Polar Asset Management Partners Inc. now owns 103,938 shares of the specialty chemicals company's stock worth $3,557,000 after buying an additional 20,738 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AXTA. JPMorgan Chase & Co. downgraded shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $42.00 to $32.00 in a research note on Thursday, May 8th. Morgan Stanley decreased 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 note on Thursday, May 8th. 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 research note on Thursday, April 10th. Citigroup cut their price objective on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Mizuho set a $37.00 price objective on shares of Axalta Coating Systems in a report on Tuesday, April 15th. Six equities 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's stock. According to MarketBeat, Axalta Coating Systems has an average rating of "Moderate Buy" and a consensus price target of $40.38.

Axalta Coating Systems Stock Down 2.0%

Shares of NYSE:AXTA traded down $0.63 during trading on Friday, reaching $30.94. 2,108,841 shares of the stock traded hands, compared to its average volume of 2,030,851. The stock has a 50-day moving average of $32.04 and a two-hundred day moving average of $35.20. 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 $6.76 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35.

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

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.