Susquehanna International Group LLP reduced its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 49.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,278 shares of the specialty chemicals company's stock after selling 48,735 shares during the quarter. Susquehanna International Group LLP's holdings in Axalta Coating Systems were worth $1,686,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the business. Barclays PLC increased its stake in Axalta Coating Systems by 50.4% during the 3rd quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company's stock valued at $5,589,000 after purchasing an additional 51,748 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Axalta Coating Systems by 62.7% during the third quarter. Franklin Resources Inc. now owns 138,081 shares of the specialty chemicals company's stock valued at $5,097,000 after buying an additional 53,222 shares during the last quarter. Eagle Bay Advisors LLC grew its holdings in shares of Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after buying an additional 443 shares during the last quarter. Oak Thistle LLC increased its position in shares of Axalta Coating Systems by 434.3% in the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company's stock valued at $1,353,000 after acquiring an additional 32,135 shares during the period. Finally, Park Avenue Securities LLC raised its stake in Axalta Coating Systems by 13.3% in the 4th quarter. Park Avenue Securities LLC now owns 22,872 shares of the specialty chemicals company's stock worth $783,000 after acquiring an additional 2,676 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
AXTA has been the topic of several research analyst reports. BNP Paribas upgraded Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target on the stock in a research note on Thursday, April 10th. Wells Fargo & Company upped their target price 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. Mizuho set a $37.00 price target on shares of Axalta Coating Systems in a report on Tuesday, April 15th. StockNews.com downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $42.00 to $32.00 in a report on Thursday, May 8th. Six 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $40.38.
Check Out Our Latest Stock Analysis on Axalta Coating Systems
Axalta Coating Systems Trading Down 0.3%
AXTA traded down $0.10 during mid-day trading on Friday, hitting $32.28. 370,374 shares of the stock were exchanged, compared to its average volume of 2,209,852. The firm's fifty day moving average is $32.33 and its two-hundred day moving average is $35.48. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.65. The company has a market cap of $7.06 billion, a PE ratio of 18.13, a PEG ratio of 0.92 and a beta of 1.35. 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 (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping 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 company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $0.48 EPS. Axalta Coating Systems's revenue was down 2.5% on a year-over-year basis. Equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.
About Axalta Coating Systems
(
Free Report)
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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