Lmcg Investments LLC Invests $1.05 Million in Axalta Coating Systems Ltd. (NYSE:AXTA)

Lmcg Investments LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTAGet Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 42,878 shares of the specialty chemicals company’s stock, valued at approximately $1,054,000.

A number of other large investors also recently made changes to their positions in AXTA. Mount Yale Investment Advisors LLC increased its stake in Axalta Coating Systems by 3.8% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 10,840 shares of the specialty chemicals company’s stock worth $266,000 after acquiring an additional 393 shares during the period. Quent Capital LLC acquired a new stake in shares of Axalta Coating Systems in the 4th quarter valued at $34,000. OLD National Bancorp IN boosted its holdings in shares of Axalta Coating Systems by 5.8% in the 1st quarter. OLD National Bancorp IN now owns 21,087 shares of the specialty chemicals company’s stock valued at $519,000 after purchasing an additional 1,154 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Axalta Coating Systems by 11.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 12,104 shares of the specialty chemicals company’s stock valued at $298,000 after purchasing an additional 1,206 shares in the last quarter. Finally, Standard Family Office LLC acquired a new stake in shares of Axalta Coating Systems in the 4th quarter valued at $40,000. Institutional investors own 99.97% of the company’s stock.

Axalta Coating Systems Stock Up 1.0 %

Shares of NYSE:AXTA opened at $27.06 on Wednesday. The firm has a market cap of $5.97 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.46 and a beta of 1.35. The company has a quick ratio of 1.33, a current ratio of 1.93 and a debt-to-equity ratio of 2.70. Axalta Coating Systems Ltd. has a 12-month low of $21.44 and a 12-month high of $34.12. The business has a fifty day simple moving average of $24.44 and a 200 day simple moving average of $25.52.

Axalta Coating Systems (NYSE:AXTAGet Rating) last announced its earnings results on Tuesday, July 26th. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.01. Axalta Coating Systems had a return on equity of 21.80% and a net margin of 4.49%. During the same quarter last year, the company posted $0.48 earnings per share. Analysts predict that Axalta Coating Systems Ltd. will post 1.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on AXTA. Wells Fargo & Company raised their target price on Axalta Coating Systems from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, July 28th. Mizuho reduced their target price on Axalta Coating Systems from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. UBS Group reduced their target price on Axalta Coating Systems from $33.00 to $30.00 in a report on Wednesday, July 13th. Barclays reduced their target price on Axalta Coating Systems from $34.00 to $31.00 and set an “overweight” rating on the stock in a report on Monday, July 11th. Finally, StockNews.com downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a report on Friday, July 8th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $29.73.

Axalta Coating Systems Profile

(Get Rating)

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. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

Recommended Stories

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

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.