London Co. of Virginia Cuts Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

London Co. of Virginia trimmed its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,366,506 shares of the specialty chemicals company's stock after selling 17,655 shares during the quarter. London Co. of Virginia owned 0.63% of Axalta Coating Systems worth $46,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Axalta Coating Systems by 50.4% during the third quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company's stock valued at $5,589,000 after acquiring an additional 51,748 shares during the last quarter. Franklin Resources Inc. grew its stake in Axalta Coating Systems by 62.7% in the 3rd quarter. Franklin Resources Inc. now owns 138,081 shares of the specialty chemicals company's stock valued at $5,097,000 after purchasing an additional 53,222 shares during the period. Eagle Bay Advisors LLC increased its position in shares of Axalta Coating Systems by 116.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 443 shares during the last quarter. Oak Thistle LLC raised its stake in shares of Axalta Coating Systems by 434.3% during the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company's stock worth $1,353,000 after purchasing an additional 32,135 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of Axalta Coating Systems by 13.3% during the 4th quarter. Park Avenue Securities LLC now owns 22,872 shares of the specialty chemicals company's stock worth $783,000 after purchasing an additional 2,676 shares during the period. Institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock traded down $0.48 during trading on Thursday, hitting $32.36. The stock had a trading volume of 2,454,220 shares, compared to its average volume of 2,025,138. 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 Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 0.92 and a beta of 1.35. The business's 50-day moving average is $32.36 and its 200 day moving average is $35.50.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter last year, the firm posted $0.48 EPS. The company's revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Morgan Stanley decreased their price objective on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $42.00 to $32.00 in a report on Thursday, May 8th. Mizuho set a $37.00 price objective on Axalta Coating Systems in a report on Tuesday, April 15th. StockNews.com downgraded Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Wolfe Research raised Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target on the stock in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $40.38.

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.