EverSource Wealth Advisors LLC cut its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Get Rating) by 44.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,111 shares of the specialty chemicals company's stock after selling 886 shares during the quarter. EverSource Wealth Advisors LLC's holdings in Axalta Coating Systems were worth $27,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AXTA. Quent Capital LLC bought a new position in shares of Axalta Coating Systems in the fourth quarter valued at about $34,000. Standard Family Office LLC bought a new position in shares of Axalta Coating Systems in the fourth quarter valued at about $40,000. CWM LLC bought a new position in shares of Axalta Coating Systems in the first quarter valued at about $41,000. Ellevest Inc. raised its holdings in shares of Axalta Coating Systems by 31.5% in the first quarter. Ellevest Inc. now owns 7,483 shares of the specialty chemicals company's stock valued at $184,000 after buying an additional 1,791 shares during the last quarter. Finally, Prospera Financial Services Inc bought a new position in shares of Axalta Coating Systems in the first quarter valued at about $215,000.
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Shares of AXTA opened at $24.13 on Monday. 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 stock has a 50 day simple moving average of $25.18 and a 200 day simple moving average of $25.05. Axalta Coating Systems Ltd. has a 52-week low of $21.44 and a 52-week high of $34.12. The firm has a market capitalization of $5.32 billion, a PE ratio of 26.52, a P/E/G ratio of 1.31 and a beta of 1.32.
Axalta Coating Systems (NYSE:AXTA – Get Rating) last issued its quarterly earnings data on Tuesday, July 26th. The specialty chemicals company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm earned $0.48 EPS. Sell-side analysts predict that Axalta Coating Systems Ltd. will post 1.63 EPS for the current fiscal year.Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on AXTA shares. Barclays cut their price target 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 lifted their price objective on Axalta Coating Systems from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 28th. Mizuho lowered their price objective on Axalta Coating Systems from $34.00 to $31.00 and set a "buy" rating for the company in a research report on Thursday, July 14th. StockNews.com lowered Axalta Coating Systems from a "buy" rating to a "hold" rating in a research report on Friday, July 8th. Finally, KeyCorp lifted their price objective 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. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of "Hold" and an average price target of $29.50.
Axalta Coating Systems Company 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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