Axalta Coating Systems Ltd. (NYSE:AXTA) Stake Lowered by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,164,811 shares of the specialty chemicals company’s stock after selling 57,050 shares during the period. Dimensional Fund Advisors LP owned 1.43% of Axalta Coating Systems worth $107,513,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in shares of Axalta Coating Systems by 47.7% in the 4th quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 338 shares during the last quarter. CWM LLC lifted its position in shares of Axalta Coating Systems by 23.2% during the 4th quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 575 shares during the period. Machina Capital S.A.S. acquired a new position in Axalta Coating Systems during the fourth quarter worth $219,000. Guyasuta Investment Advisors Inc. bought a new position in shares of Axalta Coating Systems during the fourth quarter valued at $223,000. Finally, Kestra Private Wealth Services LLC acquired a new stake in shares of Axalta Coating Systems in the 4th quarter valued at $243,000. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Stock Down 0.8 %

AXTA stock opened at $34.95 on Wednesday. Axalta Coating Systems Ltd. has a 52 week low of $25.03 and a 52 week high of $36.76. The business has a 50-day simple moving average of $33.58 and a 200 day simple moving average of $32.73. The company has a quick ratio of 1.51, a current ratio of 2.07 and a debt-to-equity ratio of 1.92. The company has a market cap of $7.71 billion, a PE ratio of 31.49, a price-to-earnings-growth ratio of 0.89 and a beta of 1.51.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. Sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 1.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Citigroup boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Robert W. Baird boosted their price objective on Axalta Coating Systems from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Royal Bank of Canada lifted their target price on shares of Axalta Coating Systems from $39.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. Finally, Mizuho increased their target price on Axalta Coating Systems from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.23.

Axalta Coating Systems Company Profile

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. The company operates through two segments, Performance Coatings and Mobility Coatings.