Fmr LLC Decreases Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

FMR LLC trimmed its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 1.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 17,978,479 shares of the specialty chemicals company's stock after selling 263,730 shares during the quarter. FMR LLC owned 8.24% of Axalta Coating Systems worth $650,641,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AXTA. First Horizon Advisors Inc. raised its holdings in Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock valued at $37,000 after buying an additional 266 shares during the last quarter. Signaturefd LLC raised its stake in Axalta Coating Systems by 14.1% in the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company's stock worth $130,000 after buying an additional 444 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Axalta Coating Systems by 0.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company's stock valued at $3,778,000 after purchasing an additional 453 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Axalta Coating Systems by 30.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company's stock valued at $71,000 after buying an additional 455 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of Axalta Coating Systems by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company's stock valued at $404,000 after purchasing an additional 473 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

AXTA traded down $0.07 during midday trading on Friday, reaching $40.46. The company had a trading volume of 747,352 shares, compared to its average volume of 2,007,591. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. Axalta Coating Systems Ltd. has a 1 year low of $30.40 and a 1 year high of $41.65. The company has a market cap of $8.82 billion, a P/E ratio of 27.34, a P/E/G ratio of 0.87 and a beta of 1.43. The business has a 50-day moving average of $37.68 and a two-hundred day moving average of $35.95.

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

Analysts Set New Price Targets

A number of research firms have weighed in on AXTA. Mizuho raised their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. KeyCorp lifted their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Royal Bank of Canada increased their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Robert W. Baird lifted their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. Finally, Barclays increased their price target on 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 issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of "Buy" and an average target price of $42.45.

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.