Axalta Coating Systems Ltd. (NYSE:AXTA) Holdings Trimmed by Perpetual Ltd

Perpetual Ltd lowered its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 679,176 shares of the specialty chemicals company’s stock after selling 4,482 shares during the period. Perpetual Ltd’s holdings in Axalta Coating Systems were worth $23,241,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its stake in Axalta Coating Systems by 35.4% in the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock worth $72,000 after acquiring an additional 547 shares in the last quarter. Shelton Wealth Management LLC purchased a new stake in shares of Axalta Coating Systems in the fourth quarter worth approximately $228,000. Park Avenue Securities LLC lifted its position in shares of Axalta Coating Systems by 13.3% in the fourth quarter. Park Avenue Securities LLC now owns 22,872 shares of the specialty chemicals company’s stock worth $783,000 after purchasing an additional 2,676 shares in the last quarter. Oak Thistle LLC grew its position in Axalta Coating Systems by 434.3% during the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock valued at $1,353,000 after purchasing an additional 32,135 shares in the last quarter. Finally, Eagle Bay Advisors LLC increased its stake in Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 443 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 1.7 %

Shares of AXTA stock opened at $36.28 on Tuesday. Axalta Coating Systems Ltd. has a 12 month low of $30.40 and a 12 month high of $41.65. The company has a market cap of $7.91 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 0.74 and a beta of 1.46. 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 business’s 50 day moving average is $37.33 and its two-hundred day moving average is $36.25.

Axalta Coating Systems (NYSE:AXTA) 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 business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. Axalta Coating Systems’s revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Equities analysts predict that Axalta Coating Systems Ltd. will post 2.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 target price for the company. Mizuho reduced their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target for the company in a report on Friday. Finally, BMO Capital Markets increased their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.00.

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.