Algert Global LLC Sells 15,220 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Algert Global LLC trimmed its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 9.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,655 shares of the specialty chemicals company’s stock after selling 15,220 shares during the quarter. Algert Global LLC’s holdings in Axalta Coating Systems were worth $5,488,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Federated Hermes Inc. lifted its stake in shares of Axalta Coating Systems by 3.0% in the second quarter. Federated Hermes Inc. now owns 896,188 shares of the specialty chemicals company’s stock valued at $30,623,000 after buying an additional 25,717 shares in the last quarter. AQR Capital Management LLC increased its holdings in Axalta Coating Systems by 126.7% during the 2nd quarter. AQR Capital Management LLC now owns 794,454 shares of the specialty chemicals company’s stock worth $26,817,000 after purchasing an additional 443,946 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Axalta Coating Systems by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock worth $128,852,000 after purchasing an additional 302,752 shares during the last quarter. Savant Capital LLC purchased a new stake in Axalta Coating Systems in the 2nd quarter valued at $541,000. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Axalta Coating Systems by 13.2% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,786,575 shares of the specialty chemicals company’s stock worth $61,047,000 after acquiring an additional 207,965 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AXTA. BMO Capital Markets boosted their price target on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. KeyCorp boosted their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Robert W. Baird raised their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. 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 report on Monday, August 5th. Finally, Barclays upped their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $42.45.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $40.52 on Monday. The company has a 50 day moving average of $37.30 and a 200 day moving average of $35.82. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The stock has a market cap of $8.84 billion, a P/E ratio of 27.38, a P/E/G ratio of 0.85 and a beta of 1.43. Axalta Coating Systems Ltd. has a 12 month low of $30.40 and a 12 month high of $40.91.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company earned $0.45 earnings per share. As a group, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.16 EPS for the current fiscal year.

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.