Stephens Inc. AR increased its holdings in shares of Axalta Coating Systems Ltd (NYSE:AXTA) by 2.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 199,498 shares of the specialty chemicals company’s stock after buying an additional 5,535 shares during the quarter. Stephens Inc. AR owned 0.09% of Axalta Coating Systems worth $5,939,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. NEXT Financial Group Inc increased its holdings in Axalta Coating Systems by 633.3% during the 2nd quarter. NEXT Financial Group Inc now owns 1,100 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 950 shares in the last quarter. Hexavest Inc. bought a new position in shares of Axalta Coating Systems in the 2nd quarter valued at about $46,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Axalta Coating Systems in the 2nd quarter valued at about $57,000. ETF Managers Group LLC grew its holdings in shares of Axalta Coating Systems by 9.8% in the 1st quarter. ETF Managers Group LLC now owns 4,740 shares of the specialty chemicals company’s stock valued at $120,000 after acquiring an additional 422 shares in the last quarter. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of Axalta Coating Systems in the 1st quarter valued at about $206,000. Hedge funds and other institutional investors own 97.90% of the company’s stock.

AXTA stock traded up $0.02 during mid-day trading on Thursday, hitting $27.57. 48,872 shares of the company were exchanged, compared to its average volume of 2,576,076. The business has a 50 day simple moving average of $29.64. The company has a quick ratio of 1.71, a current ratio of 2.32 and a debt-to-equity ratio of 2.92. The firm has a market cap of $6.52 billion, a PE ratio of 21.70, a PEG ratio of 1.20 and a beta of 1.46. Axalta Coating Systems Ltd has a 1-year low of $21.58 and a 1-year high of $32.14.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.09. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.19 billion. Axalta Coating Systems had a net margin of 4.45% and a return on equity of 27.59%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period last year, the business posted $0.36 earnings per share. Sell-side analysts predict that Axalta Coating Systems Ltd will post 1.79 earnings per share for the current year.

In other news, Director Charles W. Shaver sold 500,000 shares of Axalta Coating Systems stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $25.24, for a total value of $12,620,000.00. Following the completion of the sale, the director now directly owns 492,369 shares in the company, valued at $12,427,393.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

AXTA has been the subject of several analyst reports. Zacks Investment Research upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Tuesday, July 30th. Credit Suisse Group lifted their price target on Axalta Coating Systems from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. BMO Capital Markets lifted their price target on Axalta Coating Systems to $34.00 and gave the stock a “market perform” rating in a report on Friday, June 21st. Robert W. Baird lifted their price target on Axalta Coating Systems from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Finally, Berenberg Bank assumed coverage on Axalta Coating Systems in a report on Friday, July 12th. They set a “buy” rating and a $35.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $31.77.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish 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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