Sherbrooke Park Advisers LLC Has $515,000 Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Sherbrooke Park Advisers LLC trimmed its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 37.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,052 shares of the specialty chemicals company’s stock after selling 8,973 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Axalta Coating Systems were worth $515,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of AXTA. Norges Bank bought a new position in shares of Axalta Coating Systems in the 4th quarter worth about $87,850,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Axalta Coating Systems by 54.9% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company’s stock worth $191,190,000 after buying an additional 1,980,296 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Axalta Coating Systems in the fourth quarter valued at approximately $56,215,000. Deutsche Bank AG raised its holdings in Axalta Coating Systems by 144.7% during the 4th quarter. Deutsche Bank AG now owns 1,950,902 shares of the specialty chemicals company’s stock valued at $66,760,000 after acquiring an additional 1,153,620 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in Axalta Coating Systems by 9.6% during the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock valued at $387,439,000 after acquiring an additional 988,397 shares during the period. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Stock Performance

AXTA opened at $32.65 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $7.14 billion, a PE ratio of 18.34, a PEG ratio of 0.92 and a beta of 1.35. The firm’s 50-day moving average price is $32.31 and its 200 day moving average price is $35.46. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $42.00 to $32.00 in a research report on Thursday, May 8th. Citigroup decreased their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group decreased their price target on shares of Axalta Coating Systems from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday. Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research note on Friday, January 17th. Finally, 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 research report on Thursday, April 10th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.38.

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.