Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Acquired by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC lifted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 25.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,757 shares of the specialty chemicals company’s stock after acquiring an additional 4,042 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in Axalta Coating Systems were worth $676,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Eagle Bay Advisors LLC increased its stake in shares of Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 443 shares during the period. Jones Financial Companies Lllp boosted its holdings in Axalta Coating Systems by 60.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 498 shares in the last quarter. UMB Bank n.a. boosted 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 worth $72,000 after buying an additional 547 shares in the last quarter. Plato Investment Management Ltd boosted its holdings in Axalta Coating Systems by 156.4% during the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock worth $77,000 after buying an additional 1,365 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Axalta Coating Systems by 31.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 617 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Trading Down 0.6%

Axalta Coating Systems stock opened at $32.84 on Thursday. The company has a 50 day moving average price of $32.36 and a 200 day moving average price of $35.50. Axalta Coating Systems Ltd. has a 52 week low of $27.70 and a 52 week high of $41.66. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The firm has a market capitalization of $7.18 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 0.92 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates 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 firm 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 posted $0.48 EPS. The company’s revenue was down 2.5% on a year-over-year basis. Research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Analyst Ratings Changes

AXTA has been the subject of a number of research reports. Citigroup reduced their target price on shares of Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group reduced 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 report on Wednesday. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $42.00 to $32.00 in a report on Thursday, May 8th. Finally, Barclays raised their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Six research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Axalta Coating Systems currently has an average rating of “Moderate Buy” and an average price target of $40.56.

Axalta Coating Systems 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.