Assetmark Inc. Grows Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Assetmark Inc. raised its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 13.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 251,081 shares of the specialty chemicals company’s stock after acquiring an additional 28,836 shares during the quarter. Assetmark Inc. owned approximately 0.11% of Axalta Coating Systems worth $8,529,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Fifth Third Bancorp grew its stake in Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 338 shares during the period. CWM LLC grew its position in Axalta Coating Systems by 23.2% in the 4th quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock worth $104,000 after purchasing an additional 575 shares during the period. Quadrant Capital Group LLC grew its position in Axalta Coating Systems by 146.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,271 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 1,942 shares during the period. ASB Consultores LLC purchased a new stake in Axalta Coating Systems during the 3rd quarter valued at $202,000. Finally, Machina Capital S.A.S. purchased a new position in shares of Axalta Coating Systems in the 4th quarter worth $219,000. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Stock Up 1.0 %

Axalta Coating Systems stock opened at $35.29 on Thursday. Axalta Coating Systems Ltd. has a twelve month low of $25.03 and a twelve month high of $36.76. The business has a fifty day moving average of $33.61 and a two-hundred day moving average of $32.75. The firm has a market cap of $7.79 billion, a P/E ratio of 31.79, a P/E/G ratio of 0.87 and a beta of 1.51. The company has a quick ratio of 1.51, a current ratio of 2.07 and a debt-to-equity ratio of 1.92.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.40 by $0.08. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts forecast that Axalta Coating Systems Ltd. will post 1.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AXTA has been the subject of several research reports. BMO Capital Markets upped their price target on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Citigroup increased their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. KeyCorp boosted their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. JPMorgan Chase & Co. raised their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada increased their price target on Axalta Coating Systems from $39.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.23.

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.