Federated Hermes Inc. Raises Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Federated Hermes Inc. increased its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 11.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,014,166 shares of the specialty chemicals company's stock after acquiring an additional 104,533 shares during the quarter. Federated Hermes Inc. owned about 0.47% of Axalta Coating Systems worth $34,683,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXTA. Norges Bank bought a new position in shares of Axalta Coating Systems in the fourth quarter worth $87,850,000. Victory Capital Management Inc. grew its holdings in shares of Axalta Coating Systems by 9.6% during the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company's stock valued at $387,439,000 after purchasing an additional 988,397 shares during the last quarter. Jupiter Asset Management Ltd. raised its position in Axalta Coating Systems by 35.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,620,459 shares of the specialty chemicals company's stock worth $55,452,000 after purchasing an additional 423,883 shares during the period. Schroder Investment Management Group bought a new stake in Axalta Coating Systems in the fourth quarter worth $13,512,000. Finally, Boussard & Gavaudan Investment Management LLP purchased a new stake in Axalta Coating Systems during the fourth quarter valued at about $8,301,000. Institutional investors own 98.28% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AXTA. Deutsche Bank Aktiengesellschaft lowered their target price on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Citigroup lowered their price objective on 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. BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price on the stock in a research note on Thursday. Wells Fargo & Company reduced their price target on Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Mizuho dropped their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.64.

Axalta Coating Systems Stock Up 1.4 %

Axalta Coating Systems stock traded up $0.42 on Friday, hitting $30.64. 2,138,515 shares of the stock traded hands, compared to its average volume of 2,046,638. The business's fifty day simple moving average is $34.48 and its 200 day simple moving average is $36.16. The firm has a market cap of $6.68 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. 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 Ltd. has a 1 year low of $27.70 and a 1 year high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. Axalta Coating Systems's revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. As a group, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Insider Transactions at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the transaction, the insider now owns 74,905 shares of the company's stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.40% of the company's stock.

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.