Harbor Capital Advisors Inc. trimmed its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 12.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 383,193 shares of the specialty chemicals company's stock after selling 55,097 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.18% of Axalta Coating Systems worth $13,113,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Advisors Inc. raised its holdings in shares of Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Signaturefd LLC lifted its position in shares of Axalta Coating Systems by 14.1% during the 3rd quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company's stock valued at $130,000 after acquiring an additional 444 shares during the last quarter. Venturi Wealth Management LLC boosted its stake 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 worth $71,000 after acquiring an additional 455 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Axalta Coating Systems by 4.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company's stock worth $404,000 after acquiring an additional 473 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Axalta Coating Systems by 13.9% during the third quarter. KBC Group NV now owns 5,859 shares of the specialty chemicals company's stock worth $212,000 after purchasing an additional 716 shares during the period. 98.28% of the stock is currently owned by institutional investors.
Axalta Coating Systems Stock Down 1.6 %
AXTA traded down $0.54 during midday trading on Friday, hitting $33.76. 1,444,388 shares of the company's stock traded hands, compared to its average volume of 1,714,931. The company has a market cap of $7.36 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 0.83 and a beta of 1.46. Axalta Coating Systems Ltd. has a one year low of $30.40 and a one year high of $41.65. The stock's fifty day simple moving average is $37.81 and its 200-day simple moving average is $36.18. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business's quarterly revenue was up .8% compared to the same quarter last year. As a group, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on the company. Barclays lifted their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Royal Bank of Canada upped their price target 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. BMO Capital Markets lifted their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Mizuho reduced their target price on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.18.
Check Out Our Latest Research Report on Axalta Coating Systems
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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