Baird Financial Group Inc. Sells 7,374 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Baird Financial Group Inc. lessened its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTAGet Rating) by 15.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 41,147 shares of the specialty chemicals company’s stock after selling 7,374 shares during the period. Baird Financial Group Inc.’s holdings in Axalta Coating Systems were worth $909,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mount Yale Investment Advisors LLC grew its stake in shares of Axalta Coating Systems by 3.8% during the first quarter. Mount Yale Investment Advisors LLC now owns 10,840 shares of the specialty chemicals company’s stock worth $266,000 after buying an additional 393 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Axalta Coating Systems by 0.6% during the first quarter. Oppenheimer & Co. Inc. now owns 92,444 shares of the specialty chemicals company’s stock worth $2,272,000 after buying an additional 550 shares during the last quarter. New England Research & Management Inc. grew its stake in shares of Axalta Coating Systems by 2.4% during the second quarter. New England Research & Management Inc. now owns 23,425 shares of the specialty chemicals company’s stock worth $518,000 after buying an additional 550 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Axalta Coating Systems by 4.7% during the first quarter. Great West Life Assurance Co. Can now owns 12,492 shares of the specialty chemicals company’s stock worth $327,000 after buying an additional 559 shares during the last quarter. Finally, TD Asset Management Inc. grew its stake in shares of Axalta Coating Systems by 1.8% during the first quarter. TD Asset Management Inc. now owns 34,165 shares of the specialty chemicals company’s stock worth $840,000 after buying an additional 592 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AXTA shares. BNP Paribas cut shares of Axalta Coating Systems from an “outperform” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research note on Friday, October 28th. Barclays reduced their price objective on shares of Axalta Coating Systems from $31.00 to $28.00 in a research note on Tuesday, October 11th. Mizuho reduced their price objective on shares of Axalta Coating Systems from $30.00 to $29.00 and set a “buy” rating on the stock in a research note on Monday, October 10th. Robert W. Baird reduced their price objective on shares of Axalta Coating Systems from $35.00 to $30.00 in a research note on Thursday, October 27th. Finally, The Goldman Sachs Group began coverage on shares of Axalta Coating Systems in a research note on Thursday, October 13th. They issued a “buy” rating and a $29.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.68.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $25.99 on Friday. The firm’s 50-day moving average price is $23.59 and its 200-day moving average price is $24.60. Axalta Coating Systems Ltd. has a 1-year low of $20.66 and a 1-year high of $34.12. The firm has a market capitalization of $5.73 billion, a P/E ratio of 29.20, a P/E/G ratio of 1.44 and a beta of 1.34. The company has a current ratio of 1.98, a quick ratio of 1.36 and a debt-to-equity ratio of 2.78.

Axalta Coating Systems (NYSE:AXTAGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The specialty chemicals company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Axalta Coating Systems had a net margin of 4.20% and a return on equity of 22.19%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 1.47 earnings per share for the current fiscal year.

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

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