Amalgamated Bank Sells 2,089 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Amalgamated Bank lowered its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,255 shares of the specialty chemicals company’s stock after selling 2,089 shares during the period. Amalgamated Bank owned approximately 0.06% of Axalta Coating Systems worth $4,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in AXTA. Wedge Capital Management L L P NC raised its position in 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 period. O Shaughnessy Asset Management LLC boosted its position in Axalta Coating Systems by 9.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock valued at $222,000 after buying an additional 530 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Axalta Coating Systems by 1.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 56,174 shares of the specialty chemicals company’s stock worth $1,908,000 after buying an additional 576 shares during the period. Signaturefd LLC raised its stake in Axalta Coating Systems by 23.2% in the second quarter. Signaturefd LLC now owns 3,155 shares of the specialty chemicals company’s stock valued at $108,000 after buying an additional 594 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Axalta Coating Systems by 0.3% during the first quarter. Retirement Systems of Alabama now owns 276,369 shares of the specialty chemicals company’s stock worth $9,504,000 after purchasing an additional 726 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Trading Down 2.8 %

Shares of Axalta Coating Systems stock opened at $36.07 on Friday. Axalta Coating Systems Ltd. has a 12-month low of $25.03 and a 12-month high of $37.49. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 0.81 and a beta of 1.44. The company has a quick ratio of 1.70, a current ratio of 2.26 and a debt-to-equity ratio of 1.97. The firm’s 50-day moving average price is $35.07 and its two-hundred day moving average price is $34.43.

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

Analyst Ratings Changes

Several research firms recently issued reports on AXTA. Robert W. Baird increased their price target on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. UBS Group reduced their target price on Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lifted their target price on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada upped their price objective on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company upgraded Axalta Coating Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 11th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

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.