Steward Partners Investment Advisory LLC Reduces Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Steward Partners Investment Advisory LLC trimmed its stake in Axalta Coating Systems Ltd. (NYSE:AXTAFree Report) by 28.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,400 shares of the specialty chemicals company’s stock after selling 2,600 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Axalta Coating Systems were worth $217,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp boosted its stake in shares of Axalta Coating Systems by 47.7% during the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock worth $36,000 after buying an additional 338 shares during the period. Treasurer of the State of North Carolina lifted its position in Axalta Coating Systems by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 97,171 shares of the specialty chemicals company’s stock worth $2,614,000 after acquiring an additional 490 shares during the period. M&T Bank Corp grew its stake in shares of Axalta Coating Systems by 6.5% in the 4th quarter. M&T Bank Corp now owns 9,161 shares of the specialty chemicals company’s stock valued at $311,000 after purchasing an additional 556 shares during the last quarter. CWM LLC increased its holdings in shares of Axalta Coating Systems by 23.2% in the fourth quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 575 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in shares of Axalta Coating Systems by 1.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 56,174 shares of the specialty chemicals company’s stock worth $1,908,000 after purchasing an additional 576 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Performance

NYSE:AXTA opened at $36.03 on Monday. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.07 and a quick ratio of 1.51. The firm has a 50-day moving average of $34.02 and a two-hundred day moving average of $33.20. The stock has a market cap of $7.95 billion, a P/E ratio of 32.46, a PEG ratio of 0.90 and a beta of 1.51. Axalta Coating Systems Ltd. has a 1-year low of $25.03 and a 1-year high of $36.76.

Axalta Coating Systems (NYSE:AXTAGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company posted $0.35 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts expect that Axalta Coating Systems Ltd. will post 1.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

AXTA has been the subject of several analyst reports. BMO Capital Markets increased their price target on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. KeyCorp boosted their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Citigroup boosted 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. Finally, Robert W. Baird upped their price objective on Axalta Coating Systems from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.23.

Check Out Our Latest Report on Axalta Coating Systems

About Axalta Coating Systems

(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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Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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