First Hawaiian Bank Has $343,000 Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

First Hawaiian Bank cut its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 33.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,044 shares of the specialty chemicals company’s stock after selling 5,058 shares during the quarter. First Hawaiian Bank’s holdings in Axalta Coating Systems were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AXTA. Fifth Third Bancorp lifted its stake in shares of Axalta Coating Systems by 47.7% in the 4th quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 338 shares during the last quarter. TFO Wealth Partners LLC increased its holdings in Axalta Coating Systems by 12,022.2% in the 4th 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 in the last quarter. Raleigh Capital Management Inc. bought a new position in Axalta Coating Systems in the fourth quarter valued at about $48,000. GAMMA Investing LLC boosted its stake in shares of Axalta Coating Systems by 111.5% during the second 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 in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Axalta Coating Systems during the fourth quarter worth about $88,000. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 1.0 %

Shares of AXTA stock traded up $0.33 during mid-day trading on Tuesday, hitting $34.40. The company’s stock had a trading volume of 1,316,489 shares, compared to its average volume of 2,074,056. The company has a market cap of $7.59 billion, a PE ratio of 31.21, a P/E/G ratio of 0.91 and a beta of 1.44. The company has a debt-to-equity ratio of 1.97, a quick ratio of 1.51 and a current ratio of 2.26. The company’s fifty day simple moving average is $35.00 and its 200-day simple moving average is $33.77. Axalta Coating Systems Ltd. has a 52 week low of $25.03 and a 52 week high of $37.49.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 EPS 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 business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the firm posted $0.35 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, equities research analysts expect that Axalta Coating Systems Ltd. will post 2.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup lifted their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Barclays lifted their price target on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday. 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. BMO Capital Markets raised their target price on Axalta Coating Systems from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Finally, Robert W. Baird upped 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. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.