Susquehanna International Group LLP decreased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 49.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter.
Several other large investors have also modified their holdings of the stock. Barclays PLC increased its position in Axalta Coating Systems by 50.4% during the third quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company's stock worth $5,589,000 after purchasing an additional 51,748 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Axalta Coating Systems by 62.7% during the 3rd 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 period. Eagle Bay Advisors LLC increased its holdings 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 worth $28,000 after buying an additional 443 shares during the last quarter. Oak Thistle LLC raised 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 worth $1,353,000 after buying an additional 32,135 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Axalta Coating Systems by 13.3% in the fourth quarter. Park Avenue Securities LLC now owns 22,872 shares of the specialty chemicals company's stock valued at $783,000 after acquiring an additional 2,676 shares during the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on AXTA shares. The Goldman Sachs Group decreased their target price on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday. StockNews.com downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. Morgan Stanley dropped 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 research report on Thursday, May 8th. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a report on Tuesday, April 15th. Finally, Citigroup decreased their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Six equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Axalta Coating Systems has a consensus rating of "Moderate Buy" and an average target price of $40.56.
Read Our Latest Stock Report on Axalta Coating Systems
Axalta Coating Systems Stock Down 0.6%
AXTA traded down $0.19 during trading on Wednesday, hitting $32.84. The company had a trading volume of 2,271,506 shares, compared to its average volume of 2,029,480. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.66. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The company has a market cap of $7.18 billion, a PE ratio of 18.45, a P/E/G ratio of 0.92 and a beta of 1.35. The business has a 50-day moving average of $32.40 and a 200-day moving average of $35.52.
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 the consensus estimate of $0.54 by $0.05. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. 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 firm earned $0.48 EPS. The company's revenue was down 2.5% on a year-over-year basis. As a group, analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current 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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