Walleye Capital LLC reduced its stake in Axalta Coating Systems Ltd. (NYSE:AXTA – Get Rating) by 44.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,555 shares of the specialty chemicals company's stock after selling 15,562 shares during the quarter. Walleye Capital LLC's holdings in Axalta Coating Systems were worth $481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BNP Paribas Arbitrage SA lifted its position in shares of Axalta Coating Systems by 118.0% in the first quarter. BNP Paribas Arbitrage SA now owns 60,400 shares of the specialty chemicals company's stock valued at $1,485,000 after acquiring an additional 32,698 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Axalta Coating Systems by 12.3% during the first quarter. Gamco Investors INC. ET AL now owns 124,700 shares of the specialty chemicals company's stock worth $3,065,000 after buying an additional 13,684 shares during the period. Point72 Hong Kong Ltd purchased a new position in Axalta Coating Systems during the first quarter worth about $395,000. Eaton Vance Management lifted its position in Axalta Coating Systems by 98,143.1% during the first quarter. Eaton Vance Management now owns 70,735 shares of the specialty chemicals company's stock worth $1,739,000 after buying an additional 70,663 shares during the period. Finally, FIFTHDELTA Ltd lifted its position in Axalta Coating Systems by 583.7% during the first quarter. FIFTHDELTA Ltd now owns 6,435,668 shares of the specialty chemicals company's stock worth $158,189,000 after buying an additional 5,494,317 shares during the period.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $22.67 on Friday. Axalta Coating Systems Ltd. has a fifty-two week low of $21.44 and a fifty-two week high of $34.12. The business has a 50 day moving average price of $25.24 and a two-hundred day moving average price of $25.03. The company has a quick ratio of 1.33, a current ratio of 1.93 and a debt-to-equity ratio of 2.70. The firm has a market cap of $5.00 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 1.31 and a beta of 1.32.

Analyst Ratings Changes

Several equities analysts recently weighed in on AXTA shares. Mizuho reduced their target price on Axalta Coating Systems from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Thursday, July 14th. StockNews.com downgraded Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Friday, July 8th. Wells Fargo & Company raised their price objective on Axalta Coating Systems from $25.00 to $26.00 and gave the stock an "equal weight" rating in a report on Thursday, July 28th. KeyCorp raised their price objective on Axalta Coating Systems from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Thursday, July 28th. Finally, UBS Group cut their price objective on Axalta Coating Systems from $33.00 to $30.00 in a report on Wednesday, July 13th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $29.50.

Axalta Coating Systems Profile

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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 Transportation 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.

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