Wealth Enhancement Advisory Services LLC Sells 6,440 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Wealth Enhancement Advisory Services LLC decreased its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 29.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 15,306 shares of the specialty chemicals company’s stock after selling 6,440 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Axalta Coating Systems were worth $508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ProShare Advisors LLC boosted its holdings in shares of Axalta Coating Systems by 2.9% in the fourth quarter. ProShare Advisors LLC now owns 12,242 shares of the specialty chemicals company’s stock worth $419,000 after acquiring an additional 343 shares during the period. Fifth Third Bancorp boosted its stake in Axalta Coating Systems by 12.1% in the 1st quarter. Fifth Third Bancorp now owns 3,704 shares of the specialty chemicals company’s stock worth $123,000 after purchasing an additional 401 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Axalta Coating Systems by 3.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,691 shares of the specialty chemicals company’s stock worth $469,000 after purchasing an additional 431 shares during the period. Jones Financial Companies Lllp boosted its stake in Axalta Coating Systems by 60.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 498 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in Axalta Coating Systems by 9.7% in the 4th quarter. TD Private Client Wealth LLC now owns 6,679 shares of the specialty chemicals company’s stock worth $229,000 after purchasing an additional 591 shares during the period. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

NYSE:AXTA opened at $30.87 on Friday. The company has a market capitalization of $6.75 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 0.87 and a beta of 1.25. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.12 and a quick ratio of 1.53. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.66. The business has a 50 day moving average of $31.04 and a 200 day moving average of $33.26.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a net margin of 8.56% and a return on equity of 26.30%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. On average, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AXTA has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price objective on shares of Axalta Coating Systems from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. BNP Paribas raised shares of Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price target for the company in a report on Thursday, April 10th. Wells Fargo & Company cut their price target on shares of Axalta Coating Systems from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday, July 1st. JPMorgan Chase & Co. lowered Axalta Coating Systems from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $42.00 to $32.00 in a research note on Thursday, May 8th. Finally, Morgan Stanley dropped their price objective on Axalta Coating Systems from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Thursday, May 8th. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong 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 $40.44.

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.