Mitsubishi UFJ Trust & Banking Corp increased its position in Axalta Coating Systems Ltd. (NYSE:AXTA – Get Rating) by 54.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,000 shares of the specialty chemicals company's stock after acquiring an additional 4,600 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Axalta Coating Systems were worth $320,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of the company. Verdence Capital Advisors LLC raised its holdings in shares of Axalta Coating Systems by 11.1% in the 1st quarter. Verdence Capital Advisors LLC now owns 12,104 shares of the specialty chemicals company's stock worth $298,000 after buying an additional 1,206 shares in the last quarter. Perpetual Investment Management Ltd boosted its holdings in Axalta Coating Systems by 1.7% in the first quarter. Perpetual Investment Management Ltd now owns 289,144 shares of the specialty chemicals company's stock valued at $7,108,000 after acquiring an additional 4,747 shares during the last quarter. Prospector Partners LLC boosted its holdings in Axalta Coating Systems by 6.7% during the fourth quarter. Prospector Partners LLC now owns 296,800 shares of the specialty chemicals company's stock worth $9,830,000 after buying an additional 18,750 shares during the last quarter. Ariel Investments LLC boosted its holdings in Axalta Coating Systems by 3.9% during the fourth quarter. Ariel Investments LLC now owns 5,978,086 shares of the specialty chemicals company's stock worth $197,994,000 after buying an additional 225,525 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in Axalta Coating Systems by 6.6% during the first quarter. Swiss National Bank now owns 485,900 shares of the specialty chemicals company's stock worth $11,943,000 after buying an additional 30,200 shares during the last quarter.
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AXTA opened at $25.79 on Thursday. Axalta Coating Systems Ltd. has a fifty-two week low of $21.44 and a fifty-two week high of $34.12. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.33 and a current ratio of 1.93. The company has a market capitalization of $5.69 billion, a P/E ratio of 28.34, a P/E/G ratio of 1.35 and a beta of 1.32. The stock has a fifty day moving average of $24.79 and a 200-day moving average of $25.16.
Axalta Coating Systems (NYSE:AXTA – Get Rating) last issued its quarterly earnings results on Tuesday, July 26th. The specialty chemicals company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. Axalta Coating Systems had a return on equity of 21.80% and a net margin of 4.49%. The company had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter last year, the business earned $0.48 earnings per share. On average, equities analysts expect that Axalta Coating Systems Ltd. will post 1.63 EPS for the current year.Analyst Ratings Changes
AXTA has been the subject of a number of recent research reports. KeyCorp upped their price target on Axalta Coating Systems from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Thursday, July 28th. Barclays cut their price objective on Axalta Coating Systems from $34.00 to $31.00 and set an "overweight" rating for the company in a report on Monday, July 11th. Wells Fargo & Company increased their price objective on Axalta Coating Systems from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Thursday, July 28th. Mizuho cut their price objective on Axalta Coating Systems from $34.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, July 14th. Finally, UBS Group cut their price target on Axalta Coating Systems from $33.00 to $30.00 in a report on Wednesday, July 13th. Eight investment 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 presently has an average rating of "Hold" and a consensus price target of $29.73.
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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