Shelton Wealth Management LLC Purchases 19,188 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Shelton Wealth Management LLC lifted its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 288.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 25,848 shares of the specialty chemicals company’s stock after acquiring an additional 19,188 shares during the quarter. Shelton Wealth Management LLC’s holdings in Axalta Coating Systems were worth $857,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AXTA. GAMMA Investing LLC lifted its holdings in Axalta Coating Systems by 3,005.3% during the 1st quarter. GAMMA Investing LLC now owns 76,855 shares of the specialty chemicals company’s stock worth $2,549,000 after purchasing an additional 74,380 shares in the last quarter. American Century Companies Inc. lifted its holdings in Axalta Coating Systems by 57.8% during the 4th quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company’s stock worth $12,183,000 after purchasing an additional 130,427 shares in the last quarter. Principal Securities Inc. lifted its holdings in Axalta Coating Systems by 5.5% during the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 332 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Axalta Coating Systems by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,826 shares of the specialty chemicals company’s stock worth $49,031,000 after purchasing an additional 9,572 shares in the last quarter. Finally, ING Groep NV purchased a new stake in shares of Axalta Coating Systems in the 4th quarter valued at about $6,160,000. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $29.39 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.53 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $6.42 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.82 and a beta of 1.27. The business’s 50-day moving average price is $31.32 and its 200-day moving average price is $33.95. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. Axalta Coating Systems had a return on equity of 26.30% and a net margin of 8.56%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company earned $0.48 EPS. Axalta Coating Systems’s revenue for the quarter was down 2.5% compared to the same quarter last year. Sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

AXTA has been the topic of several recent analyst reports. BNP Paribas raised Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price target on the stock in a report on Thursday, April 10th. Citigroup reaffirmed a “neutral” rating and issued a $34.00 price target (down previously from $35.00) on shares of Axalta Coating Systems in a report on Friday, June 13th. Wall Street Zen cut Axalta Coating Systems from a “buy” rating to a “hold” rating in a report on Thursday, May 8th. Morgan Stanley lowered their price target on Axalta Coating Systems from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, May 8th. Finally, Barclays lowered their price target on Axalta Coating Systems from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Thursday, May 15th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $40.50.

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.