Wealth Enhancement Advisory Services LLC Grows Holdings in Axalta Coating Systems Ltd. $AXTA

Wealth Enhancement Advisory Services LLC raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 55.5% in the 3rd quarter, Holdings Channel reports. The firm owned 61,644 shares of the specialty chemicals company’s stock after purchasing an additional 21,993 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Axalta Coating Systems were worth $1,683,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AXTA. Cullen Frost Bankers Inc. bought a new position in Axalta Coating Systems in the 2nd quarter worth about $37,000. IFP Advisors Inc bought a new position in Axalta Coating Systems in the second quarter worth approximately $39,000. FNY Investment Advisers LLC purchased a new position in Axalta Coating Systems during the 2nd quarter worth $49,000. True Wealth Design LLC raised its position in Axalta Coating Systems by 1,533.6% during the 3rd quarter. True Wealth Design LLC now owns 1,797 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 1,687 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Axalta Coating Systems by 371.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 2,758 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Trading Down 1.6%

NYSE AXTA opened at $33.56 on Friday. Axalta Coating Systems Ltd. has a 52 week low of $26.28 and a 52 week high of $38.37. The company has a 50 day moving average price of $31.90 and a 200 day moving average price of $30.23. The company has a quick ratio of 1.59, a current ratio of 2.20 and a debt-to-equity ratio of 1.45. The firm has a market cap of $7.16 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Robert W. Baird restated a “neutral” rating and set a $35.00 price target (down previously from $42.00) on shares of Axalta Coating Systems in a research note on Wednesday, January 7th. UBS Group downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and cut their target price for the company from $39.00 to $35.00 in a research report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a report on Wednesday, January 21st. Citigroup upped their price target on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday, December 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Axalta Coating Systems from $38.00 to $39.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.56.

Axalta Coating Systems Profile

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.