Kestra Private Wealth Services LLC Acquires Shares of 7,151 Axalta Coating Systems Ltd. (NYSE:AXTA)

Kestra Private Wealth Services LLC purchased a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 7,151 shares of the specialty chemicals company’s stock, valued at approximately $243,000.

A number of other hedge funds have also modified their holdings of the stock. Fifth Third Bancorp raised its position in shares of Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 338 shares during the period. CWM LLC lifted its position in Axalta Coating Systems by 23.2% during the 4th quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 575 shares in the last quarter. Guyasuta Investment Advisors Inc. bought a new stake in shares of Axalta Coating Systems during the fourth quarter valued at approximately $223,000. Custom Index Systems LLC bought a new position in Axalta Coating Systems in the 4th quarter valued at $251,000. Finally, ASB Consultores LLC acquired a new stake in Axalta Coating Systems in the third quarter worth about $202,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Down 0.3 %

NYSE:AXTA opened at $36.22 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.07 and a debt-to-equity ratio of 1.92. Axalta Coating Systems Ltd. has a twelve month low of $25.03 and a twelve month high of $36.50. The company has a market cap of $7.99 billion, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 1.01 and a beta of 1.51. The business has a 50 day moving average price of $33.13 and a two-hundred day moving average price of $32.15.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.40 by $0.08. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. As a group, analysts expect that Axalta Coating Systems Ltd. will post 1.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on AXTA shares. Robert W. Baird lifted their target price on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Royal Bank of Canada boosted their target price on Axalta Coating Systems from $39.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Citigroup lifted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. BMO Capital Markets upped their target price on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Barclays lifted their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

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.