Arnhold LLC Sells 47,806 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Arnhold LLC lessened its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 635,552 shares of the specialty chemicals company’s stock after selling 47,806 shares during the period. Axalta Coating Systems makes up approximately 2.4% of Arnhold LLC’s investment portfolio, making the stock its 11th largest position. Arnhold LLC owned about 0.29% of Axalta Coating Systems worth $21,590,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp raised 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 valued at $36,000 after buying an additional 338 shares in the last quarter. CWM LLC raised its position in Axalta Coating Systems by 35.6% during the third quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock valued at $67,000 after purchasing an additional 649 shares in the last quarter. ASB Consultores LLC acquired a new position in Axalta Coating Systems during the third quarter valued at approximately $202,000. Guyasuta Investment Advisors Inc. acquired a new position in Axalta Coating Systems during the fourth quarter valued at approximately $223,000. Finally, Tocqueville Asset Management L.P. acquired a new position in Axalta Coating Systems during the third quarter valued at approximately $226,000. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Down 0.7 %

Shares of AXTA traded down $0.22 during trading hours on Tuesday, hitting $31.45. 4,399,182 shares of the stock were exchanged, compared to its average volume of 2,002,328. Axalta Coating Systems Ltd. has a fifty-two week low of $25.03 and a fifty-two week high of $34.53. The business has a 50-day moving average of $32.67 and a 200-day moving average of $31.78. The firm has a market capitalization of $6.94 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 1.02 and a beta of 1.51. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.98 and a quick ratio of 1.46.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). 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 20.70% and a net margin of 5.16%. The business’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, research analysts expect that Axalta Coating Systems Ltd. will post 1.88 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on AXTA. Wolfe Research began coverage on shares of Axalta Coating Systems in a research report on Friday, March 1st. They set a “peer perform” rating for the company. UBS Group downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and upped their price target for the stock from $35.00 to $36.00 in a report on Monday, January 8th. Wells Fargo & Company upped their price target on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 9th. JPMorgan Chase & Co. upped their price target on shares of Axalta Coating Systems from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Finally, Citigroup upped their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $35.70.

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.