PNC Financial Services Group Inc. Has $2.25 Million Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

PNC Financial Services Group Inc. decreased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 62,289 shares of the specialty chemicals company’s stock after selling 1,573 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Axalta Coating Systems were worth $2,254,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its holdings in Axalta Coating Systems by 9.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock valued at $222,000 after acquiring an additional 530 shares in the last quarter. Interval Partners LP bought a new position in Axalta Coating Systems in the first quarter worth $5,158,000. Tidal Investments LLC boosted its stake in Axalta Coating Systems by 51.3% during the first quarter. Tidal Investments LLC now owns 23,311 shares of the specialty chemicals company’s stock worth $802,000 after buying an additional 7,901 shares in the last quarter. Westwood Holdings Group Inc. increased its holdings in Axalta Coating Systems by 1,424.5% in the 1st quarter. Westwood Holdings Group Inc. now owns 545,089 shares of the specialty chemicals company’s stock valued at $18,746,000 after buying an additional 509,333 shares during the period. Finally, SG Capital Management LLC acquired a new position in shares of Axalta Coating Systems in the 1st quarter valued at $11,280,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AXTA. Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 target price on the stock. Barclays raised their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their price target on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Robert W. Baird upped their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $42.45.

Axalta Coating Systems Price Performance

AXTA opened at $41.29 on Tuesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The company’s 50 day simple moving average is $37.42 and its 200-day simple moving average is $35.85. Axalta Coating Systems Ltd. has a one year low of $30.40 and a one year high of $41.65. The stock has a market capitalization of $9.00 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. Sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

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.