Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV grew its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,691 shares of the specialty chemicals company’s stock after purchasing an additional 431 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Axalta Coating Systems were worth $469,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Eagle Bay Advisors LLC grew its stake in Axalta Coating Systems by 116.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 443 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Axalta Coating Systems by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock valued at $45,000 after buying an additional 498 shares during the last quarter. UMB Bank n.a. grew its position in shares of Axalta Coating Systems by 35.4% during the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock worth $72,000 after buying an additional 547 shares in the last quarter. Plato Investment Management Ltd grew its position in shares of Axalta Coating Systems by 156.4% during the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock worth $77,000 after buying an additional 1,365 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Axalta Coating Systems by 31.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 617 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Up 1.0%

Axalta Coating Systems stock opened at $33.04 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. Axalta Coating Systems Ltd. has a one year low of $27.70 and a one year high of $41.66. The company has a 50-day simple moving average of $32.40 and a 200-day simple moving average of $35.52. The firm has a market capitalization of $7.22 billion, a P/E ratio of 18.56, a P/E/G ratio of 0.92 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business posted $0.48 EPS. Axalta Coating Systems’s revenue was down 2.5% on a year-over-year basis. As a group, equities analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analysts Set New Price Targets

AXTA has been the topic of a number of research analyst reports. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research note on Friday, January 17th. StockNews.com downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. cut Axalta Coating Systems from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $42.00 to $32.00 in a research note on Thursday, May 8th. BNP Paribas raised Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 target price on the stock in a report on Thursday, April 10th. Finally, Mizuho set a $37.00 price target on Axalta Coating Systems in a report on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.60.

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.