Sherbrooke Park Advisers LLC reduced its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 37.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,052 shares of the specialty chemicals company's stock after selling 8,973 shares during the period. Sherbrooke Park Advisers LLC's holdings in Axalta Coating Systems were worth $515,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in 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 valued at $45,000 after buying an additional 498 shares in the last quarter. UMB Bank n.a. grew its stake 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 grew its stake 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 grew its stake in Axalta Coating Systems by 31.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock valued at $88,000 after buying an additional 617 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in Axalta Coating Systems by 54.7% in the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock valued at $112,000 after buying an additional 1,156 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.
Axalta Coating Systems Price Performance
NYSE AXTA traded up $0.39 on Thursday, hitting $31.68. 1,218,630 shares of the company were exchanged, compared to its average volume of 2,211,101. The company has a market cap of $6.92 billion, a P/E ratio of 17.80, a P/E/G ratio of 0.92 and a beta of 1.35. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.65. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The firm has a 50 day moving average of $32.18 and a two-hundred day moving average of $35.33.
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 for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.48 earnings per share. The firm's quarterly revenue was down 2.5% on a year-over-year basis. On average, equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently issued reports on AXTA. Morgan Stanley lowered 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 note on Thursday, May 8th. Barclays reduced their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a research report on Thursday, May 15th. BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective for the company in a research report on Thursday, April 10th. Wells Fargo & Company increased their price objective on Axalta Coating Systems from $37.00 to $40.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, The Goldman Sachs Group reduced their price objective on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.38.
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Axalta Coating Systems Company Profile
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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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