Fmr LLC Has $82.99 Million Stake in Axalta Coating Systems Ltd (NYSE:AXTA)

FMR LLC decreased its holdings in Axalta Coating Systems Ltd (NYSE:AXTA) by 0.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,291,799 shares of the specialty chemicals company’s stock after selling 3,905 shares during the period. FMR LLC owned about 1.40% of Axalta Coating Systems worth $82,985,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake in Axalta Coating Systems by 43.7% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 24,166 shares of the specialty chemicals company’s stock worth $565,000 after acquiring an additional 7,350 shares during the period. Fiera Capital Corp increased its stake in Axalta Coating Systems by 0.3% during the 1st quarter. Fiera Capital Corp now owns 1,022,160 shares of the specialty chemicals company’s stock worth $25,769,000 after acquiring an additional 3,313 shares during the period. Wells Fargo & Company MN increased its stake in Axalta Coating Systems by 3.5% during the 1st quarter. Wells Fargo & Company MN now owns 2,045,884 shares of the specialty chemicals company’s stock worth $51,577,000 after acquiring an additional 68,650 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Axalta Coating Systems during the 1st quarter worth $1,056,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Axalta Coating Systems by 34.2% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 221,638 shares of the specialty chemicals company’s stock worth $5,587,000 after acquiring an additional 56,515 shares during the period. Hedge funds and other institutional investors own 98.46% of the company’s stock.

A number of research firms have commented on AXTA. KeyCorp restated an “overweight” rating and set a $136.00 price objective (up previously from $127.00) on shares of Coupa Software in a research note on Wednesday, June 26th. JPMorgan Chase & Co. restated a “hold” rating and set a $137.00 price objective on shares of Continental in a research note on Friday, April 26th. BMO Capital Markets raised their target price on Axalta Coating Systems to $34.00 and gave the company a “market perform” rating in a report on Friday, June 21st. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 900 ($11.76) target price on shares of WPP in a report on Friday, July 12th. Finally, Zacks Investment Research raised Green Brick Partners from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $31.00.

In other Axalta Coating Systems news, Director Charles W. Shaver sold 500,000 shares of Axalta Coating Systems stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $25.24, for a total transaction of $12,620,000.00. Following the transaction, the director now directly owns 492,369 shares of the company’s stock, valued at approximately $12,427,393.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

Shares of NYSE AXTA traded down $0.25 during mid-day trading on Friday, hitting $30.15. 1,499,373 shares of the stock traded hands, compared to its average volume of 2,412,827. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 2.98. Axalta Coating Systems Ltd has a twelve month low of $21.58 and a twelve month high of $32.14. The firm has a market capitalization of $7.13 billion, a P/E ratio of 23.55, a PEG ratio of 1.46 and a beta of 1.46. The firm’s 50 day simple moving average is $28.18.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Wednesday, April 24th. The specialty chemicals company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.13. Axalta Coating Systems had a return on equity of 24.42% and a net margin of 3.90%. The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $0.27 EPS. Axalta Coating Systems’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities analysts anticipate that Axalta Coating Systems Ltd will post 1.72 EPS for the current year.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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