EverSource Wealth Advisors LLC Sells 886 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

EverSource Wealth Advisors LLC lowered its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTAGet Rating) by 44.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,111 shares of the specialty chemicals company’s stock after selling 886 shares during the period. EverSource Wealth Advisors LLC’s holdings in Axalta Coating Systems were worth $27,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Verdence Capital Advisors LLC raised its stake in shares of Axalta Coating Systems by 11.1% during the 1st quarter. Verdence Capital Advisors LLC now owns 12,104 shares of the specialty chemicals company’s stock worth $298,000 after purchasing an additional 1,206 shares in the last quarter. Perpetual Investment Management Ltd raised its stake in shares of Axalta Coating Systems by 1.7% during the 1st quarter. Perpetual Investment Management Ltd now owns 289,144 shares of the specialty chemicals company’s stock worth $7,108,000 after purchasing an additional 4,747 shares in the last quarter. Ariel Investments LLC raised its stake in shares of Axalta Coating Systems by 3.9% during the 4th quarter. Ariel Investments LLC now owns 5,978,086 shares of the specialty chemicals company’s stock worth $197,994,000 after purchasing an additional 225,525 shares in the last quarter. Swiss National Bank raised its stake in shares of Axalta Coating Systems by 6.6% during the 1st quarter. Swiss National Bank now owns 485,900 shares of the specialty chemicals company’s stock worth $11,943,000 after purchasing an additional 30,200 shares in the last quarter. Finally, Cinctive Capital Management LP raised its stake in shares of Axalta Coating Systems by 5.2% during the 4th quarter. Cinctive Capital Management LP now owns 35,439 shares of the specialty chemicals company’s stock worth $1,174,000 after purchasing an additional 1,755 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. UBS Group dropped their price target on Axalta Coating Systems from $33.00 to $30.00 in a research note on Wednesday, July 13th. Wells Fargo & Company increased their price target on Axalta Coating Systems from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Thursday, July 28th. Barclays dropped their price target on Axalta Coating Systems from $34.00 to $31.00 and set an “overweight” rating on the stock in a research note on Monday, July 11th. KeyCorp increased their price target on Axalta Coating Systems from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, July 28th. Finally, Mizuho dropped their price target on Axalta Coating Systems from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, July 14th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.50.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $24.13 on Monday. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.93 and a quick ratio of 1.33. The stock’s fifty day moving average price is $25.18 and its two-hundred day moving average price is $25.05. Axalta Coating Systems Ltd. has a one year low of $21.44 and a one year high of $34.12. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 26.52, a P/E/G ratio of 1.31 and a beta of 1.32.

Axalta Coating Systems (NYSE:AXTAGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The specialty chemicals company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.25 billion. Axalta Coating Systems had a return on equity of 21.80% and a net margin of 4.49%. During the same period in the prior year, the firm posted $0.48 EPS. On average, equities analysts forecast that Axalta Coating Systems Ltd. will post 1.63 EPS for the current year.

About Axalta Coating Systems

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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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Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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