Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA cut its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 0.5% in the third quarter, Holdings Channel.com reports. The fund owned 754,539 shares of the specialty chemicals company’s stock after selling 3,625 shares during the period. Glenmede Trust Co. NA’s holdings in Axalta Coating Systems were worth $27,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AXTA. First Horizon Advisors Inc. increased its stake in Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 266 shares during the period. Signaturefd LLC grew its stake in shares of Axalta Coating Systems by 14.1% in the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock worth $130,000 after acquiring an additional 444 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Axalta Coating Systems by 0.4% during the second quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock worth $3,778,000 after acquiring an additional 453 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Axalta Coating Systems by 30.2% in the third quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company’s stock valued at $71,000 after acquiring an additional 455 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of Axalta Coating Systems by 4.4% in the third quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company’s stock valued at $404,000 after acquiring an additional 473 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $40.52 on Thursday. The stock has a market cap of $8.84 billion, a P/E ratio of 27.38, a P/E/G ratio of 0.89 and a beta of 1.43. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $41.65. The stock has a 50 day moving average of $37.61 and a two-hundred day moving average of $35.92. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm earned $0.45 EPS. Axalta Coating Systems’s revenue for the quarter was up .8% on a year-over-year basis. On average, research analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. BMO Capital Markets upped their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Mizuho raised their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Robert W. Baird lifted their price target on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Royal Bank of Canada increased their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems has a consensus rating of “Buy” and an average price target of $42.45.

Axalta Coating Systems 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.