Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Fmr LLC

Fmr LLC lessened its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,978,479 shares of the specialty chemicals company’s stock after selling 263,730 shares during the period. Fmr LLC owned about 8.24% of Axalta Coating Systems worth $650,641,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AXTA. First Horizon Advisors Inc. increased its holdings in Axalta Coating Systems by 35.2% in the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 266 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Axalta Coating Systems by 14.1% in the 3rd quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock valued at $130,000 after acquiring an additional 444 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Axalta Coating Systems by 0.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock worth $3,778,000 after acquiring an additional 453 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in Axalta Coating Systems by 30.2% during the third quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company’s stock worth $71,000 after purchasing an additional 455 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in Axalta Coating Systems by 4.4% in the third quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company’s stock valued at $404,000 after purchasing an additional 473 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $40.53 on Friday. The company’s fifty day moving average is $37.68 and its two-hundred day moving average is $35.95. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. The firm has a market capitalization of $8.84 billion, a P/E ratio of 27.39, a PEG ratio of 0.89 and a beta of 1.43. Axalta Coating Systems Ltd. has a one year low of $30.40 and a one year high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company earned $0.45 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. Analysts forecast that Axalta Coating Systems Ltd. will post 2.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on AXTA shares. JPMorgan Chase & Co. lifted their price target on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Mizuho lifted their target price on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Robert W. Baird lifted their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Finally, Barclays increased their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $42.45.

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.