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

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

Several other large investors have also recently bought and sold shares of AXTA. Jones Financial Companies Lllp raised its holdings in shares of Axalta Coating Systems by 60.7% during 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. UMB Bank n.a. raised its position in Axalta Coating Systems by 35.4% in the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock valued at $72,000 after buying an additional 547 shares during the last quarter. Plato Investment Management Ltd raised its position in 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 buying an additional 1,365 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of Axalta Coating Systems by 31.4% in the fourth 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 during the last quarter. Finally, Headlands Technologies LLC raised its holdings in shares of Axalta Coating Systems by 54.7% in the fourth quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock valued at $112,000 after purchasing an additional 1,156 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Trading Down 0.9%

AXTA stock opened at $32.36 on Tuesday. The company's 50-day simple moving average is $32.28 and its 200 day simple moving average is $35.38. Axalta Coating Systems Ltd. has a 52 week low of $27.70 and a 52 week high of $41.66. The company has a market capitalization of $7.07 billion, a PE ratio of 18.18, 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 quick ratio of 1.47 and a current ratio of 2.01.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Wells Fargo & Company boosted their price target on Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a research report on Thursday, May 8th. Morgan Stanley lowered their price target on 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. The Goldman Sachs Group lowered their price objective on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, May 14th. Finally, BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target on the stock in a research report on Thursday, April 10th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.38.

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.

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