New York State Teachers Retirement System Increases Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

New York State Teachers Retirement System increased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 2.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,100 shares of the specialty chemicals company’s stock after purchasing an additional 1,000 shares during the quarter. New York State Teachers Retirement System’s holdings in Axalta Coating Systems were worth $1,241,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its position in shares of Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 338 shares during the last quarter. TFO Wealth Partners LLC increased its stake in shares of Axalta Coating Systems by 12,022.2% in the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 1,082 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in Axalta Coating Systems during the fourth quarter valued at $48,000. Kapitalo Investimentos Ltda bought a new position in shares of Axalta Coating Systems during the fourth quarter valued at approximately $88,000. Finally, CWM LLC grew its holdings in shares of Axalta Coating Systems by 23.2% during the fourth quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on AXTA. Barclays boosted their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Mizuho boosted their price objective on Axalta Coating Systems from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. JPMorgan Chase & Co. boosted their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. BMO Capital Markets boosted their price target on Axalta Coating Systems from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Finally, KeyCorp boosted 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.23.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA traded down $0.01 during trading on Tuesday, reaching $36.14. 1,930,193 shares of the stock traded hands, compared to its average volume of 2,118,944. Axalta Coating Systems Ltd. has a 52-week low of $25.03 and a 52-week high of $36.76. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.07 and a quick ratio of 1.51. The company has a 50-day moving average of $34.11 and a 200-day moving average of $33.27. The stock has a market capitalization of $7.97 billion, a P/E ratio of 32.56, a price-to-earnings-growth ratio of 0.90 and a beta of 1.51.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. Analysts forecast that Axalta Coating Systems Ltd. will post 1.99 EPS for the current fiscal year.

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.