Axalta Coating Systems Ltd. (NYSE:AXTA) Stock Position Lowered by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 45.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,854 shares of the specialty chemicals company’s stock after selling 7,255 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Axalta Coating Systems were worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of AXTA. CWM LLC raised its stake in shares of Axalta Coating Systems by 35.6% in the 3rd quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock worth $67,000 after buying an additional 649 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Axalta Coating Systems by 20.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 12,700 shares of the specialty chemicals company’s stock worth $342,000 after acquiring an additional 2,143 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Axalta Coating Systems by 23.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,794 shares of the specialty chemicals company’s stock worth $1,205,000 after acquiring an additional 8,489 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Axalta Coating Systems by 0.5% in the 3rd quarter. Mackenzie Financial Corp now owns 172,500 shares of the specialty chemicals company’s stock worth $4,663,000 after acquiring an additional 900 shares during the last quarter. Finally, Strs Ohio grew its holdings in shares of Axalta Coating Systems by 7.5% in the 3rd quarter. Strs Ohio now owns 61,827 shares of the specialty chemicals company’s stock worth $1,663,000 after acquiring an additional 4,317 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

Shares of AXTA stock opened at $31.29 on Tuesday. The stock’s fifty day simple moving average is $32.66 and its 200-day simple moving average is $31.61. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 1.96. Axalta Coating Systems Ltd. has a 1-year low of $25.03 and a 1-year high of $34.53. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 1.00 and a beta of 1.51.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results 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). Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter last year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, sell-side analysts predict that Axalta Coating Systems Ltd. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

About Axalta Coating Systems

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.