Thrivent Financial for Lutherans Lowers Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Thrivent Financial for Lutherans lowered its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 2.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 427,700 shares of the specialty chemicals company’s stock after selling 10,028 shares during the quarter. Thrivent Financial for Lutherans owned about 0.19% of Axalta Coating Systems worth $14,614,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Wedge Capital Management L L P NC grew its holdings in shares of Axalta Coating Systems by 0.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock worth $3,778,000 after purchasing an additional 453 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Axalta Coating Systems by 9.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock worth $222,000 after purchasing an additional 530 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Axalta Coating Systems by 1.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 56,174 shares of the specialty chemicals company’s stock worth $1,908,000 after purchasing an additional 576 shares during the period. Signaturefd LLC grew its holdings in shares of Axalta Coating Systems by 23.2% during the 2nd quarter. Signaturefd LLC now owns 3,155 shares of the specialty chemicals company’s stock worth $108,000 after purchasing an additional 594 shares during the period. Finally, Retirement Systems of Alabama boosted its holdings in Axalta Coating Systems by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 276,369 shares of the specialty chemicals company’s stock worth $9,504,000 after acquiring an additional 726 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays upped their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. KeyCorp upped their target price on Axalta Coating Systems from $40.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. UBS Group cut their target price on Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Robert W. Baird upped their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. upped their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.00.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $36.45 on Wednesday. Axalta Coating Systems Ltd. has a 1-year low of $25.03 and a 1-year high of $37.49. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.26 and a quick ratio of 1.70. The business’s fifty day moving average price is $35.09 and its two-hundred day moving average price is $34.49. The firm has a market capitalization of $8.04 billion, a PE ratio of 32.84, a P/E/G ratio of 0.81 and a beta of 1.44.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.06. Axalta Coating Systems had a return on equity of 24.28% and a net margin of 5.69%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts expect that Axalta Coating Systems Ltd. will post 2.07 EPS for the current year.

About Axalta Coating Systems

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.