Leeward Investments LLC MA Lowers Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Leeward Investments LLC MA cut its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 21.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 847,577 shares of the specialty chemicals company’s stock after selling 236,487 shares during the quarter. Axalta Coating Systems makes up 1.3% of Leeward Investments LLC MA’s portfolio, making the stock its 9th largest holding. Leeward Investments LLC MA owned about 0.39% of Axalta Coating Systems worth $29,148,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Axalta Coating Systems by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 23,208,795 shares of the specialty chemicals company’s stock valued at $788,403,000 after purchasing an additional 322,393 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Axalta Coating Systems by 11.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,470,860 shares of the specialty chemicals company’s stock worth $362,366,000 after acquiring an additional 1,415,723 shares during the last quarter. Victory Capital Management Inc. increased its position in Axalta Coating Systems by 1,856.6% in the 4th quarter. Victory Capital Management Inc. now owns 5,866,601 shares of the specialty chemicals company’s stock valued at $199,288,000 after acquiring an additional 5,566,757 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Axalta Coating Systems by 9.0% in the third quarter. Wellington Management Group LLP now owns 4,657,696 shares of the specialty chemicals company’s stock worth $125,292,000 after acquiring an additional 382,949 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Axalta Coating Systems by 11.5% during the third quarter. The Manufacturers Life Insurance Company now owns 2,644,246 shares of the specialty chemicals company’s stock valued at $71,130,000 after purchasing an additional 272,455 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

NYSE AXTA traded up $0.21 on Thursday, hitting $34.17. 982,295 shares of the stock were exchanged, compared to its average volume of 1,719,550. The company has a market capitalization of $7.54 billion, a PE ratio of 30.78, a P/E/G ratio of 0.84 and a beta of 1.44. 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 business’s fifty day moving average is $34.87 and its 200 day moving average is $33.50. Axalta Coating Systems Ltd. has a 52 week low of $25.03 and a 52 week high of $36.98.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.08. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. Research analysts anticipate that Axalta Coating Systems Ltd. will post 1.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AXTA shares. Barclays upped their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Robert W. Baird raised their target price on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Citigroup boosted their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Wells Fargo & Company raised shares of Axalta Coating Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 11th. Finally, KeyCorp upped their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Axalta Coating Systems presently has an average rating of “Moderate Buy” and an average target price of $38.23.

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.