Barrow Hanley Mewhinney & Strauss LLC Buys 137,209 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,009,959 shares of the specialty chemicals company’s stock after purchasing an additional 137,209 shares during the quarter. Axalta Coating Systems makes up 1.8% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 15th largest position. Barrow Hanley Mewhinney & Strauss LLC owned about 6.80% of Axalta Coating Systems worth $512,890,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new position in Axalta Coating Systems in the 4th quarter valued at $82,878,000. PNC Financial Services Group Inc. grew its position in 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 in the last quarter. Wells Fargo & Company MN increased its stake in Axalta Coating Systems by 11.9% in the 4th quarter. Wells Fargo & Company MN now owns 342,669 shares of the specialty chemicals company’s stock worth $11,640,000 after acquiring an additional 36,395 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Axalta Coating Systems by 26.4% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,671,875 shares of the specialty chemicals company’s stock valued at $56,794,000 after acquiring an additional 349,192 shares in the last quarter. Finally, United Services Automobile Association boosted its position in shares of Axalta Coating Systems by 8.2% during the 4th quarter. United Services Automobile Association now owns 16,860 shares of the specialty chemicals company’s stock valued at $573,000 after acquiring an additional 1,280 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Down 2.8 %

Shares of NYSE:AXTA opened at $36.07 on Friday. The stock has a market capitalization of $7.96 billion, a P/E ratio of 32.50, a price-to-earnings-growth ratio of 0.81 and a beta of 1.44. The stock’s 50-day moving average price is $35.07 and its 200-day moving average price is $34.43. The company has a current ratio of 2.26, a quick ratio of 1.70 and a debt-to-equity ratio of 1.97. Axalta Coating Systems Ltd. has a 12-month low of $25.03 and a 12-month high of $37.49.

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

Analyst Ratings Changes

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

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.