Amalgamated Bank Lowers Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Amalgamated Bank decreased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,255 shares of the specialty chemicals company’s stock after selling 2,089 shares during the period. Amalgamated Bank’s holdings in Axalta Coating Systems were worth $4,485,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wedge Capital Management L L P NC lifted its holdings in shares of Axalta Coating Systems by 0.4% in 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 acquiring an additional 453 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in 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 valued at $222,000 after purchasing an additional 530 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Axalta Coating Systems by 1.0% in 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 acquiring an additional 576 shares in the last quarter. Signaturefd LLC lifted its position in Axalta Coating Systems by 23.2% during the second quarter. Signaturefd LLC now owns 3,155 shares of the specialty chemicals company’s stock valued at $108,000 after buying an additional 594 shares during the period. Finally, Retirement Systems of Alabama lifted its position in Axalta Coating Systems by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 276,369 shares of the specialty chemicals company’s stock valued at $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.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $36.07 on Friday. The company has a market capitalization of $7.96 billion, a P/E ratio of 32.50, a P/E/G ratio of 0.81 and a beta of 1.44. The business’s 50-day moving average is $35.07 and its two-hundred day moving average is $34.43. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.70 and a current ratio of 2.26. Axalta Coating Systems Ltd. has a fifty-two week low of $25.03 and a fifty-two week high of $37.49.

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

Analyst Upgrades and Downgrades

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

Axalta Coating Systems Company 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.