Axalta Coating Systems Ltd. (NYSE:AXTA) is Leeward Investments LLC MA’s 9th Largest Position

Leeward Investments LLC MA trimmed its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 21.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 847,577 shares of the specialty chemicals company’s stock after selling 236,487 shares during the quarter. Axalta Coating Systems comprises approximately 1.3% of Leeward Investments LLC MA’s portfolio, making the stock its 9th largest holding. Leeward Investments LLC MA’s holdings in Axalta Coating Systems were worth $29,148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AXTA. Hsbc Holdings PLC acquired a new stake in Axalta Coating Systems during the third quarter worth about $277,000. Mariner LLC raised its position in shares of Axalta Coating Systems by 8.0% during the 3rd quarter. Mariner LLC now owns 18,975 shares of the specialty chemicals company’s stock valued at $510,000 after buying an additional 1,405 shares during the period. Treasurer of the State of North Carolina lifted its holdings in Axalta Coating Systems by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 97,171 shares of the specialty chemicals company’s stock valued at $2,614,000 after acquiring an additional 490 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in Axalta Coating Systems by 769.8% in the third quarter. Qube Research & Technologies Ltd now owns 327,090 shares of the specialty chemicals company’s stock valued at $8,799,000 after acquiring an additional 289,486 shares during the last quarter. Finally, Gotham Asset Management LLC grew its position in Axalta Coating Systems by 87.9% in the third quarter. Gotham Asset Management LLC now owns 15,479 shares of the specialty chemicals company’s stock worth $416,000 after acquiring an additional 7,241 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Up 0.6 %

NYSE AXTA traded up $0.21 during trading hours on Thursday, hitting $34.17. 982,295 shares of the company were exchanged, compared to its average volume of 1,719,550. The company has a 50 day moving average of $34.87 and a two-hundred day moving average of $33.50. The company has a quick ratio of 1.51, a current ratio of 2.07 and a debt-to-equity ratio of 1.92. Axalta Coating Systems Ltd. has a 52-week low of $25.03 and a 52-week high of $36.98. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 30.78, a PEG ratio of 0.84 and a beta of 1.44.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.40 by $0.08. The firm 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%. Axalta Coating Systems’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 1.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.