Marathon Asset Management Ltd lowered its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 20.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 451,362 shares of the specialty chemicals company's stock after selling 117,952 shares during the quarter. Marathon Asset Management Ltd owned 0.20% of Axalta Coating Systems worth $16,335,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Wedge Capital Management L L P NC lifted its stake in Axalta Coating Systems by 0.4% in the second 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 buying an additional 453 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Axalta Coating Systems by 9.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company's stock valued at $222,000 after buying an additional 530 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Axalta Coating Systems by 1.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 56,174 shares of the specialty chemicals company's stock valued at $1,908,000 after buying an additional 576 shares in the last quarter. Signaturefd LLC lifted its stake in Axalta Coating Systems by 23.2% in the second quarter. Signaturefd LLC now owns 3,155 shares of the specialty chemicals company's stock valued at $108,000 after buying an additional 594 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in Axalta Coating Systems by 0.3% in the first quarter. Retirement Systems of Alabama now owns 276,369 shares of the specialty chemicals company's stock valued at $9,504,000 after buying an additional 726 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. KeyCorp boosted their price objective on shares of Axalta Coating Systems from $40.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. UBS Group cut their price objective on shares of Axalta Coating Systems from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 9th. Barclays boosted their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.
Check Out Our Latest Stock Report on Axalta Coating Systems
Axalta Coating Systems Stock Down 1.0 %
AXTA traded down $0.37 during trading on Friday, reaching $36.14. 1,554,979 shares of the stock were exchanged, compared to its average volume of 2,023,182. The stock has a market cap of $7.97 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 0.87 and a beta of 1.44. Axalta Coating Systems Ltd. has a twelve month low of $25.03 and a twelve month high of $37.78. The stock's 50 day moving average price is $35.58 and its two-hundred day moving average price is $34.81. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.70 and a current ratio of 2.26.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.06. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the company earned $0.35 earnings per share. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts expect that Axalta Coating Systems Ltd. will post 2.06 EPS for the current year.
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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