Axalta Coating Systems Ltd. (NYSE:AXTA) Position Decreased by Amalgamated Bank

Amalgamated Bank lessened its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 20.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,643 shares of the specialty chemicals company's stock after selling 26,612 shares during the period. Amalgamated Bank's holdings in Axalta Coating Systems were worth $3,787,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new position in Axalta Coating Systems during the 1st quarter valued at about $3,871,000. GSA Capital Partners LLP acquired a new position in shares of Axalta Coating Systems in the first quarter valued at approximately $877,000. Vanguard Group Inc. increased its stake in Axalta Coating Systems by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company's stock worth $817,230,000 after buying an additional 554,806 shares during the period. Edgestream Partners L.P. acquired a new stake in Axalta Coating Systems during the 1st quarter worth approximately $1,745,000. Finally, Entropy Technologies LP purchased a new position in Axalta Coating Systems in the 1st quarter valued at approximately $686,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Up 0.5 %

AXTA traded up $0.19 during trading on Friday, hitting $39.96. The company had a trading volume of 1,765,138 shares, compared to its average volume of 2,054,959. Axalta Coating Systems Ltd. has a 1-year low of $29.19 and a 1-year high of $40.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The company has a market cap of $8.71 billion, a PE ratio of 27.00, a P/E/G ratio of 0.85 and a beta of 1.43. The business has a 50-day moving average of $36.31 and a 200-day moving average of $35.32.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company earned $0.45 earnings per share. Axalta Coating Systems's quarterly revenue was up .8% on a year-over-year basis. As a group, analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on AXTA. JPMorgan Chase & Co. increased their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the company an "overweight" rating in a research note on Monday, August 5th. Robert W. Baird increased their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Royal Bank of Canada lifted their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Mizuho increased their price objective on Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Finally, Barclays upped their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $41.70.

Axalta Coating Systems Company Profile

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.