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

Arnhold LLC trimmed its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 7.0% during the 4th quarter, Holdings Channel reports. The fund owned 635,552 shares of the specialty chemicals company’s stock after selling 47,806 shares during the quarter. Axalta Coating Systems makes up about 2.4% of Arnhold LLC’s investment portfolio, making the stock its 11th largest position. Arnhold LLC’s holdings in Axalta Coating Systems were worth $21,590,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AXTA. Kinetic Partners Management LP acquired a new stake in Axalta Coating Systems in the third quarter valued at approximately $40,603,000. JPMorgan Chase & Co. lifted its position in shares of Axalta Coating Systems by 11.7% in the third quarter. JPMorgan Chase & Co. now owns 13,470,860 shares of the specialty chemicals company’s stock valued at $362,366,000 after acquiring an additional 1,415,723 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of Axalta Coating Systems by 485.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,584,488 shares of the specialty chemicals company’s stock valued at $42,623,000 after acquiring an additional 1,313,625 shares in the last quarter. 59 North Capital Management LP purchased a new position in shares of Axalta Coating Systems in the third quarter valued at approximately $32,390,000. Finally, Hawk Ridge Capital Management LP lifted its position in shares of Axalta Coating Systems by 49.3% in the third quarter. Hawk Ridge Capital Management LP now owns 2,952,198 shares of the specialty chemicals company’s stock valued at $79,414,000 after acquiring an additional 974,973 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wolfe Research assumed coverage on Axalta Coating Systems in a research report on Friday, March 1st. They issued a “peer perform” rating on the stock. Citigroup lifted their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price objective on Axalta Coating Systems from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Wells Fargo & Company lifted their price objective on Axalta Coating Systems from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 9th. Finally, UBS Group downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $36.00 in a research report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.70.

Axalta Coating Systems Trading Down 0.7 %

Shares of NYSE AXTA traded down $0.22 during trading on Tuesday, reaching $31.45. The stock had a trading volume of 4,399,182 shares, compared to its average volume of 2,002,328. Axalta Coating Systems Ltd. has a fifty-two week low of $25.03 and a fifty-two week high of $34.53. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.46 and a current ratio of 1.98. The business’s 50-day moving average price is $32.67 and its 200-day moving average price is $31.78. The company has a market cap of $6.94 billion, a P/E ratio of 26.21, a PEG ratio of 1.02 and a beta of 1.51.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Axalta Coating Systems Ltd. will post 1.88 EPS for the current fiscal year.

About Axalta Coating Systems

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.