Mutual of America Capital Management LLC Sells 4,994 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Mutual of America Capital Management LLC lowered its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 2.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 204,391 shares of the specialty chemicals company’s stock after selling 4,994 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.09% of Axalta Coating Systems worth $6,984,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AXTA. Wedge Capital Management L L P NC raised 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 last quarter. O Shaughnessy Asset Management LLC increased its position in Axalta Coating Systems by 9.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock worth $222,000 after purchasing an additional 530 shares during the period. PNC Financial Services Group Inc. raised its holdings in Axalta Coating Systems by 1.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 56,174 shares of the specialty chemicals company’s stock worth $1,908,000 after purchasing an additional 576 shares during the last quarter. Signaturefd LLC lifted its position in Axalta Coating Systems by 23.2% during the 2nd quarter. Signaturefd LLC now owns 3,155 shares of the specialty chemicals company’s stock valued at $108,000 after purchasing an additional 594 shares during the period. Finally, Retirement Systems of Alabama boosted its stake in shares of Axalta Coating Systems by 0.3% in 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 purchasing an additional 726 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Analyst Ratings Changes

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

Axalta Coating Systems Price Performance

NYSE AXTA opened at $37.13 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.70 and a current ratio of 2.26. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 0.81 and a beta of 1.44. The business has a 50 day simple moving average of $35.06 and a 200 day simple moving average of $34.39. Axalta Coating Systems Ltd. has a 52-week low of $25.03 and a 52-week high of $37.49.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.35 earnings per share. Analysts anticipate that Axalta Coating Systems Ltd. will post 2.07 earnings per share for the current fiscal year.

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.