Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 2,001.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 622,797 shares of the specialty chemicals company's stock after purchasing an additional 593,156 shares during the quarter. Federated Hermes Inc. owned 0.28% of Axalta Coating Systems worth $21,156,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in AXTA. Kinetic Partners Management LP purchased a new position in Axalta Coating Systems in the 3rd quarter worth $40,603,000. JPMorgan Chase & Co. raised its position in Axalta Coating Systems by 11.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 13,470,860 shares of the specialty chemicals company's stock worth $362,366,000 after purchasing an additional 1,415,723 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Axalta Coating Systems by 485.0% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,584,488 shares of the specialty chemicals company's stock worth $42,623,000 after purchasing an additional 1,313,625 shares during the period. 59 North Capital Management LP purchased a new position in Axalta Coating Systems in the 3rd quarter worth $32,390,000. Finally, Hawk Ridge Capital Management LP raised its position in Axalta Coating Systems by 49.3% in the 3rd quarter. Hawk Ridge Capital Management LP now owns 2,952,198 shares of the specialty chemicals company's stock worth $79,414,000 after purchasing an additional 974,973 shares during the period. Hedge funds and other institutional investors own 98.28% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wolfe Research started coverage on shares of Axalta Coating Systems in a research report on Friday, March 1st. They issued a "peer perform" rating on the stock. Citigroup boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. Wells Fargo & Company boosted their price objective on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 9th. UBS Group cut shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and boosted their price target for the company from $35.00 to $36.00 in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Axalta Coating Systems from $35.00 to $38.00 and gave the company an "overweight" rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $35.70.

Axalta Coating Systems Stock Up 1.4 %

Shares of NYSE AXTA traded up $0.42 during midday trading on Monday, hitting $31.29. The stock had a trading volume of 2,818,375 shares, compared to its average volume of 1,962,849. The business's 50 day moving average is $32.67 and its 200-day moving average is $31.58. The company has a market cap of $6.89 billion, a P/E ratio of 25.90, a PEG ratio of 1.00 and a beta of 1.51. Axalta Coating Systems Ltd. has a 52 week low of $25.03 and a 52 week high of $34.53. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 1.96.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. The company's quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. As a group, analysts predict that Axalta Coating Systems Ltd. will post 1.88 EPS for the current 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.