Barrow Hanley Mewhinney & Strauss LLC Acquires 137,209 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 0.9% in the second quarter, HoldingsChannel reports. The firm owned 15,009,959 shares of the specialty chemicals company’s stock after buying an additional 137,209 shares during the quarter. Axalta Coating Systems makes up 1.8% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 15th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.07% of Axalta Coating Systems worth $512,890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Axalta Coating Systems during the fourth quarter valued at approximately $82,878,000. PNC Financial Services Group Inc. increased its position in 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 valued at $1,908,000 after purchasing an additional 576 shares during the period. Wells Fargo & Company MN raised its holdings in Axalta Coating Systems by 11.9% in the 4th quarter. Wells Fargo & Company MN now owns 342,669 shares of the specialty chemicals company’s stock worth $11,640,000 after purchasing an additional 36,395 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in shares of Axalta Coating Systems by 26.4% in the 4th quarter. Westfield Capital Management Co. LP now owns 1,671,875 shares of the specialty chemicals company’s stock worth $56,794,000 after purchasing an additional 349,192 shares during the period. Finally, United Services Automobile Association boosted its stake in shares of Axalta Coating Systems by 8.2% during the 4th quarter. United Services Automobile Association now owns 16,860 shares of the specialty chemicals company’s stock valued at $573,000 after purchasing an additional 1,280 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AXTA shares. Wells Fargo & Company raised shares of Axalta Coating Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 11th. KeyCorp raised their target price on Axalta Coating Systems from $40.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Robert W. Baird lifted their price target 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. UBS Group decreased their price objective on Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Royal Bank of Canada boosted their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Axalta Coating Systems Price Performance

AXTA opened at $36.07 on Friday. The firm has a market cap of $7.96 billion, a PE ratio of 32.50, a P/E/G ratio of 0.81 and a beta of 1.44. The stock has a 50-day moving average price of $35.07 and a 200-day moving average price of $34.43. 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.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.07 earnings per share for the current fiscal year.

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.