Graypoint LLC Sells 981 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Graypoint LLC decreased its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 9.5% during the 4th quarter, Holdings Channel reports. The firm owned 9,373 shares of the specialty chemicals company’s stock after selling 981 shares during the quarter. Graypoint LLC’s holdings in Axalta Coating Systems were worth $318,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AXTA. Wellington Management Group LLP grew its holdings in Axalta Coating Systems by 9.0% during the 3rd quarter. Wellington Management Group LLP now owns 4,657,696 shares of the specialty chemicals company’s stock worth $125,292,000 after acquiring an additional 382,949 shares during the last quarter. Hawk Ridge Capital Management LP grew its holdings in Axalta Coating Systems by 49.3% during the 3rd quarter. Hawk Ridge Capital Management LP now owns 2,952,198 shares of the specialty chemicals company’s stock worth $79,414,000 after acquiring an additional 974,973 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Axalta Coating Systems by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,470,860 shares of the specialty chemicals company’s stock worth $362,366,000 after acquiring an additional 1,415,723 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Axalta Coating Systems by 11.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,644,246 shares of the specialty chemicals company’s stock worth $71,130,000 after acquiring an additional 272,455 shares during the last quarter. Finally, Prospector Partners LLC grew its holdings in Axalta Coating Systems by 10.2% during the 3rd quarter. Prospector Partners LLC now owns 323,930 shares of the specialty chemicals company’s stock worth $8,714,000 after acquiring an additional 29,930 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $31.76 on Monday. The stock’s 50 day moving average is $32.70 and its 200 day moving average is $31.42. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.98 and a quick ratio of 1.46. The firm has a market cap of $6.99 billion, a P/E ratio of 26.47, a P/E/G ratio of 1.03 and a beta of 1.51. Axalta Coating Systems Ltd. has a one year low of $25.03 and a one year high of $34.53.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. Axalta Coating Systems’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.38 earnings per share. As a group, research analysts expect that Axalta Coating Systems Ltd. will post 1.88 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Axalta Coating Systems in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. upped their target price on shares of Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Citigroup upped their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. UBS Group downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and upped their target price for the company from $35.00 to $36.00 in a research report on Monday, January 8th. Finally, Wells Fargo & Company increased their price target on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Axalta Coating Systems currently has a consensus rating of “Hold” and an average price target of $35.70.

Axalta Coating Systems 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.