River Global Investors LLP Has $1.47 Million Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

River Global Investors LLP trimmed its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 43,361 shares of the specialty chemicals company’s stock after selling 476 shares during the period. River Global Investors LLP’s holdings in Axalta Coating Systems were worth $1,473,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AXTA. Fifth Third Bancorp raised its holdings in Axalta Coating Systems by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 338 shares during the last quarter. Treasurer of the State of North Carolina lifted its holdings in Axalta Coating Systems by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 97,171 shares of the specialty chemicals company’s stock valued at $2,614,000 after buying an additional 490 shares during the period. M&T Bank Corp boosted its stake in Axalta Coating Systems by 6.5% in the fourth quarter. M&T Bank Corp now owns 9,161 shares of the specialty chemicals company’s stock valued at $311,000 after acquiring an additional 556 shares during the last quarter. CWM LLC grew its holdings in Axalta Coating Systems by 23.2% during the 4th quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock worth $104,000 after acquiring an additional 575 shares during the period. Finally, Lmcg Investments LLC raised its position in shares of Axalta Coating Systems by 2.3% during the 3rd quarter. Lmcg Investments LLC now owns 39,535 shares of the specialty chemicals company’s stock valued at $1,063,000 after acquiring an additional 870 shares during the last quarter. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Stock Up 1.1 %

NYSE AXTA traded up $0.37 on Friday, reaching $35.20. The company had a trading volume of 3,991,263 shares, compared to its average volume of 2,581,191. The company’s fifty day moving average is $32.84 and its 200-day moving average is $31.95. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 31.71, a price-to-earnings-growth ratio of 1.09 and a beta of 1.51. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.46 and a current ratio of 2.07. Axalta Coating Systems Ltd. has a 1-year low of $25.03 and a 1-year high of $35.31.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. On average, research analysts forecast that Axalta Coating Systems Ltd. will post 1.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AXTA. KeyCorp raised their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays boosted their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank of Canada increased their price target on shares of Axalta Coating Systems from $39.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Robert W. Baird increased their target price on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.