Country Club Trust Company n.a. lifted its position in shares of Axalta Coating Systems Ltd (NYSE:AXTA) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,798 shares of the specialty chemicals company’s stock after purchasing an additional 499 shares during the period. Country Club Trust Company n.a.’s holdings in Axalta Coating Systems were worth $373,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AXTA. Prudential Financial Inc. lifted its stake in shares of Axalta Coating Systems by 35.0% in the third quarter. Prudential Financial Inc. now owns 10,810 shares of the specialty chemicals company’s stock worth $315,000 after acquiring an additional 2,800 shares in the last quarter. CI Investments Inc. lifted its stake in shares of Axalta Coating Systems by 28.2% in the third quarter. CI Investments Inc. now owns 1,253,000 shares of the specialty chemicals company’s stock worth $36,537,000 after acquiring an additional 276,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Axalta Coating Systems by 26.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,826,291 shares of the specialty chemicals company’s stock worth $53,255,000 after acquiring an additional 387,013 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Axalta Coating Systems by 93.4% in the third quarter. Hsbc Holdings PLC now owns 33,931 shares of the specialty chemicals company’s stock worth $990,000 after acquiring an additional 16,382 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Axalta Coating Systems by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 373,642 shares of the specialty chemicals company’s stock worth $10,894,000 after acquiring an additional 3,455 shares in the last quarter.
Several research analysts recently commented on the company. Zacks Investment Research upgraded Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Bank of America upgraded Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, January 8th. JPMorgan Chase & Co. cut Axalta Coating Systems from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $30.00 to $27.00 in a research note on Friday, April 26th. Finally, BMO Capital Markets set a $32.00 price target on Axalta Coating Systems and gave the stock a “hold” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $30.09.
NYSE AXTA traded up $0.44 on Friday, hitting $26.89. 1,299,498 shares of the stock traded hands, compared to its average volume of 1,937,101. Axalta Coating Systems Ltd has a twelve month low of $21.58 and a twelve month high of $32.83. The stock has a market capitalization of $6.31 billion, a P/E ratio of 21.01, a PEG ratio of 1.30 and a beta of 1.25. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 2.98.
Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, April 24th. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.13. Axalta Coating Systems had a return on equity of 24.42% and a net margin of 3.90%. The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. Axalta Coating Systems’s revenue for the quarter was down 4.0% compared to the same quarter last year. On average, analysts anticipate that Axalta Coating Systems Ltd will post 1.72 EPS for the current year.
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Axalta Coating Systems Profile
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
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