Wellington Management Group LLP decreased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 3.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 6,515,972 shares of the specialty chemicals company's stock after selling 240,380 shares during the period. Wellington Management Group LLP owned approximately 2.99% of Axalta Coating Systems worth $235,813,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AXTA. GAMMA Investing LLC grew its position in Axalta Coating Systems by 111.5% in the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company's stock valued at $48,000 after acquiring an additional 747 shares in the last quarter. CWM LLC grew its position in shares of Axalta Coating Systems by 95.4% during the second quarter. CWM LLC now owns 6,958 shares of the specialty chemicals company's stock worth $238,000 after buying an additional 3,397 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Axalta Coating Systems by 8.2% during the second quarter. SG Americas Securities LLC now owns 58,008 shares of the specialty chemicals company's stock worth $1,982,000 after buying an additional 4,397 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Axalta Coating Systems by 12.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,641 shares of the specialty chemicals company's stock worth $466,000 after buying an additional 1,500 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its position in shares of Axalta Coating Systems by 0.4% during the second quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company's stock worth $3,778,000 after buying an additional 453 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.
Axalta Coating Systems Stock Performance
AXTA stock traded down $0.07 during mid-day trading on Monday, reaching $39.85. The company had a trading volume of 2,245,771 shares, compared to its average volume of 1,988,531. 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 market capitalization of $8.69 billion, a P/E ratio of 26.93, a P/E/G ratio of 0.86 and a beta of 1.44. Axalta Coating Systems Ltd. has a one year low of $30.40 and a one year high of $41.65. The stock's 50-day simple moving average is $38.20 and its two-hundred day simple moving average is $36.19.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating 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 quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $0.45 earnings per share. Research analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.
Wall Street Analyst Weigh In
AXTA has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target 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 raised their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. KeyCorp raised 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 report on Thursday, October 31st. Evercore ISI began coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price target for the company. Finally, Barclays raised their price objective 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. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $42.45.
View Our Latest Stock Analysis on Axalta Coating Systems
Axalta Coating Systems Profile
(
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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