Gabelli Funds LLC Has $410,000 Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Gabelli Funds LLC trimmed its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 17.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 12,000 shares of the specialty chemicals company’s stock after selling 2,500 shares during the period. Gabelli Funds LLC’s holdings in Axalta Coating Systems were worth $410,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AXTA. Plato Investment Management Ltd acquired a new stake in shares of Axalta Coating Systems during the 2nd quarter worth approximately $30,000. TFO Wealth Partners LLC lifted its stake in Axalta Coating Systems by 12,022.2% during the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 1,082 shares during the last quarter. Raleigh Capital Management Inc. acquired a new stake in shares of Axalta Coating Systems in the 4th quarter valued at $48,000. GAMMA Investing LLC increased its stake in shares of Axalta Coating Systems by 111.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 747 shares during the last quarter. Finally, Versant Capital Management Inc acquired a new position in shares of Axalta Coating Systems during the 2nd quarter worth $71,000. 98.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on AXTA shares. Robert W. Baird increased 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. JPMorgan Chase & Co. raised their target price on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. UBS Group lowered their price target on shares of Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. KeyCorp raised their price objective on Axalta Coating Systems from $40.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company raised Axalta Coating Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 11th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Axalta Coating Systems has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Axalta Coating Systems Trading Up 4.1 %

Shares of AXTA stock opened at $37.40 on Friday. The stock has a 50-day moving average of $35.08 and a 200-day moving average of $34.50. The company has a current ratio of 2.26, a quick ratio of 1.70 and a debt-to-equity ratio of 1.97. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 0.85 and a beta of 1.44. Axalta Coating Systems Ltd. has a 1-year low of $25.03 and a 1-year high of $37.49.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.34 billion. During the same period last year, the business posted $0.35 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.07 earnings per share for the current 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.