Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. decreased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 27.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 393,962 shares of the specialty chemicals company’s stock after selling 151,127 shares during the period. Westwood Holdings Group Inc. owned approximately 0.18% of Axalta Coating Systems worth $13,462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new stake in Axalta Coating Systems in the 2nd quarter valued at $30,000. TFO Wealth Partners LLC boosted its holdings in Axalta Coating Systems by 12,022.2% in the 4th quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 1,082 shares during the period. Raleigh Capital Management Inc. acquired a new stake in Axalta Coating Systems in the fourth quarter valued at approximately $48,000. GAMMA Investing LLC raised its stake in shares of Axalta Coating Systems by 111.5% during the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 747 shares during the period. Finally, Versant Capital Management Inc acquired a new position in Axalta Coating Systems in the 2nd quarter worth $71,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $36.07 on Friday. The company has a market cap of $7.96 billion, a PE ratio of 32.50, a P/E/G ratio of 0.81 and a beta of 1.44. Axalta Coating Systems Ltd. has a fifty-two week low of $25.03 and a fifty-two week high of $37.49. The firm has a 50-day simple moving average of $35.07 and a 200 day simple moving average of $34.43. The company has a quick ratio of 1.70, a current ratio of 2.26 and a debt-to-equity ratio of 1.97.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. The firm 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%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.35 EPS. On average, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.07 EPS for the current year.

Wall Street Analyst Weigh In

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