Cwm LLC Acquires 10,086 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Cwm LLC increased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 145.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,044 shares of the specialty chemicals company’s stock after buying an additional 10,086 shares during the quarter. Cwm LLC’s holdings in Axalta Coating Systems were worth $617,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AXTA. Wedge Capital Management L L P NC grew its position in 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 valued at $3,778,000 after buying an additional 453 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Axalta Coating Systems by 9.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock valued at $222,000 after purchasing an additional 530 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Axalta Coating Systems by 1.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 56,174 shares of the specialty chemicals company’s stock worth $1,908,000 after buying an additional 576 shares in the last quarter. Signaturefd LLC raised its stake in shares of Axalta Coating Systems by 23.2% in the second quarter. Signaturefd LLC now owns 3,155 shares of the specialty chemicals company’s stock worth $108,000 after buying an additional 594 shares during the period. Finally, Retirement Systems of Alabama lifted its position in shares of Axalta Coating Systems by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 276,369 shares of the specialty chemicals company’s stock valued at $9,504,000 after buying an additional 726 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

NYSE:AXTA opened at $36.13 on Friday. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 0.87 and a beta of 1.44. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.26 and a quick ratio of 1.70. The business has a 50 day simple moving average of $35.62 and a 200-day simple moving average of $34.83. Axalta Coating Systems Ltd. has a 1 year low of $25.03 and a 1 year high of $37.78.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the firm earned $0.35 earnings per share. Axalta Coating Systems’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast that Axalta Coating Systems Ltd. will post 2.06 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AXTA. JPMorgan Chase & Co. upped their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada boosted their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. KeyCorp raised their target price on shares of Axalta Coating Systems from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. UBS Group decreased their price target on shares of Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, Robert W. Baird raised their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Axalta Coating Systems has a consensus rating of “Moderate Buy” and a consensus price target of $41.00.

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.