Tidal Investments LLC Sells 5,047 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Tidal Investments LLC lessened its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,283 shares of the specialty chemicals company’s stock after selling 5,047 shares during the period. Tidal Investments LLC’s holdings in Axalta Coating Systems were worth $1,618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AXTA. Barclays PLC lifted its stake in shares of Axalta Coating Systems by 50.4% in the third quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company’s stock worth $5,589,000 after buying an additional 51,748 shares in the last quarter. UMB Bank n.a. increased its holdings in Axalta Coating Systems by 35.4% during the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock valued at $72,000 after buying an additional 547 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Axalta Coating Systems by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company’s stock valued at $820,000 after buying an additional 323 shares during the last quarter. Blue Trust Inc. raised its position in shares of Axalta Coating Systems by 1,748.4% during the 4th quarter. Blue Trust Inc. now owns 4,732 shares of the specialty chemicals company’s stock valued at $171,000 after purchasing an additional 4,476 shares during the period. Finally, KBC Group NV raised its position in shares of Axalta Coating Systems by 53.5% during the 4th quarter. KBC Group NV now owns 8,996 shares of the specialty chemicals company’s stock valued at $308,000 after purchasing an additional 3,137 shares during the period. Institutional investors own 98.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AXTA. Citigroup decreased their price objective on shares of Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Barclays decreased their price objective on shares of Axalta Coating Systems from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, May 15th. BNP Paribas upgraded shares of Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Thursday, April 10th. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group cut their target price on shares of Axalta Coating Systems from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

Axalta Coating Systems Price Performance

AXTA stock opened at $30.94 on Friday. Axalta Coating Systems Ltd. has a 52 week low of $27.70 and a 52 week high of $41.66. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The company has a fifty day simple moving average of $32.04 and a two-hundred day simple moving average of $35.23. The firm has a market capitalization of $6.76 billion, a P/E ratio of 17.38, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $0.48 earnings per share. Axalta Coating Systems’s quarterly revenue was down 2.5% compared to the same quarter last year. Analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

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.