Leeward Investments LLC MA reduced its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 38.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 524,788 shares of the specialty chemicals company's stock after selling 331,829 shares during the period. Leeward Investments LLC MA owned 0.24% of Axalta Coating Systems worth $18,992,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of AXTA. Vanguard Group Inc. boosted its position in shares of Axalta Coating Systems by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company's stock worth $817,230,000 after purchasing an additional 554,806 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Axalta Coating Systems by 0.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company's stock valued at $512,890,000 after acquiring an additional 137,209 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Axalta Coating Systems by 5.6% in the 2nd quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company's stock worth $355,479,000 after purchasing an additional 550,970 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Axalta Coating Systems by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company's stock valued at $128,852,000 after purchasing an additional 302,752 shares during the last quarter. Finally, Locust Wood Capital Advisers LLC grew its position in Axalta Coating Systems by 63.8% during the 1st quarter. Locust Wood Capital Advisers LLC now owns 3,198,290 shares of the specialty chemicals company's stock valued at $109,989,000 after purchasing an additional 1,245,223 shares during the last quarter. Institutional investors own 98.28% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on AXTA shares. KeyCorp boosted their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Royal Bank of Canada boosted their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Mizuho raised their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Barclays boosted their price objective 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. Finally, Robert W. Baird raised their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Axalta Coating Systems currently has a consensus rating of "Moderate Buy" and an average target price of $41.70.
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Axalta Coating Systems Trading Up 0.7 %
NYSE:AXTA traded up $0.29 during midday trading on Thursday, hitting $39.79. The stock had a trading volume of 1,295,281 shares, compared to its average volume of 2,061,449. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. The stock has a 50-day moving average of $36.16 and a 200 day moving average of $35.23. The company has a market capitalization of $8.68 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 0.82 and a beta of 1.43. Axalta Coating Systems Ltd. has a one year low of $29.00 and a one year high of $40.10.
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 EPS 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 for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was up .8% on a year-over-year basis. As a group, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.
Axalta Coating Systems Company Profile
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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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