Schechter Investment Advisors LLC decreased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) by 22.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,859 shares of the specialty chemicals company’s stock after selling 3,216 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Axalta Coating Systems were worth $329,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Millennium Management LLC lifted its holdings in shares of Axalta Coating Systems by 5,915.6% during the fourth quarter. Millennium Management LLC now owns 5,193,950 shares of the specialty chemicals company’s stock valued at $132,290,000 after purchasing an additional 5,107,608 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Axalta Coating Systems by 32.9% during the fourth quarter. JPMorgan Chase & Co. now owns 11,883,465 shares of the specialty chemicals company’s stock valued at $302,672,000 after purchasing an additional 2,944,248 shares in the last quarter. Norges Bank bought a new position in shares of Axalta Coating Systems during the fourth quarter valued at $53,517,000. Ariel Investments LLC lifted its holdings in Axalta Coating Systems by 23.8% in the first quarter. Ariel Investments LLC now owns 7,398,739 shares of the specialty chemicals company’s stock valued at $181,861,000 after acquiring an additional 1,420,653 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Axalta Coating Systems by 776.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 1,538,200 shares of the specialty chemicals company’s stock valued at $34,010,000 after acquiring an additional 1,362,617 shares during the period.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on AXTA. Bank of America increased their target price on Axalta Coating Systems from $36.00 to $37.00 in a report on Wednesday, July 5th. Seaport Res Ptn reissued a “buy” rating on shares of Axalta Coating Systems in a report on Monday, May 8th. StockNews.com began coverage on Axalta Coating Systems in a report on Thursday, May 18th. They issued a “hold” rating on the stock. KeyCorp increased their target price on Axalta Coating Systems from $36.00 to $38.00 in a report on Tuesday, July 11th. Finally, Wells Fargo & Company upped their price target on Axalta Coating Systems from $32.00 to $33.00 in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.59.
Axalta Coating Systems Stock Performance
Axalta Coating Systems (NYSE:AXTA – Get Free Report) last released its quarterly earnings data on Tuesday, May 2nd. The specialty chemicals company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.24 billion. Axalta Coating Systems had a return on equity of 23.36% and a net margin of 4.22%. Axalta Coating Systems’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. On average, research analysts predict that Axalta Coating Systems Ltd. will post 1.56 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. It operates through two segments, Performance Coatings and Mobility 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.
Featured Articles
- Five stocks we like better than Axalta Coating Systems
- J.B. Hunt Transportation Services Could Hit New Highs By Year End
- Profits Decline At Goldman Sachs, Time To Pick Up Cheap Shares?
- The Squeeze Is On For Carvana Stock Prices
- Acumen Soars on Alzheimer’s Study…Street Sees It Doubling
- Live Nation Shares Rock Out Ahead of Q2 Earnings
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.
