7,151 Shares in Axalta Coating Systems Ltd. (NYSE:AXTA) Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 7,151 shares of the specialty chemicals company’s stock, valued at approximately $243,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Axalta Coating Systems by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 22,886,402 shares of the specialty chemicals company’s stock valued at $615,644,000 after purchasing an additional 949,673 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Axalta Coating Systems by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 13,470,860 shares of the specialty chemicals company’s stock valued at $362,366,000 after buying an additional 1,415,723 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Axalta Coating Systems by 9.0% in the 3rd quarter. Wellington Management Group LLP now owns 4,657,696 shares of the specialty chemicals company’s stock valued at $125,292,000 after acquiring an additional 382,949 shares during the period. Pzena Investment Management LLC lifted its position in Axalta Coating Systems by 2.0% during the 3rd quarter. Pzena Investment Management LLC now owns 3,825,560 shares of the specialty chemicals company’s stock worth $102,908,000 after acquiring an additional 73,604 shares during the period. Finally, Hawk Ridge Capital Management LP grew its stake in Axalta Coating Systems by 49.3% during the 3rd quarter. Hawk Ridge Capital Management LP now owns 2,952,198 shares of the specialty chemicals company’s stock valued at $79,414,000 after purchasing an additional 974,973 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AXTA shares. Wolfe Research initiated coverage on Axalta Coating Systems in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Citigroup increased 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 note on Wednesday, April 10th. Robert W. Baird boosted their target price on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Barclays increased their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. Finally, KeyCorp raised their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Axalta Coating Systems currently has an average rating of “Moderate Buy” and an average target price of $38.00.

Axalta Coating Systems Stock Performance

AXTA opened at $36.22 on Friday. Axalta Coating Systems Ltd. has a twelve month low of $25.03 and a twelve month high of $36.50. The firm has a market capitalization of $7.99 billion, a PE ratio of 32.63, a PEG ratio of 1.01 and a beta of 1.51. The company has a current ratio of 2.07, a quick ratio of 1.51 and a debt-to-equity ratio of 1.92. The firm’s 50-day moving average price is $33.13 and its 200 day moving average price is $32.15.

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

About Axalta Coating Systems

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.