Janney Montgomery Scott LLC Has $739,000 Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Janney Montgomery Scott LLC decreased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTAFree Report) by 7.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 22,271 shares of the specialty chemicals company’s stock after selling 1,680 shares during the period. Janney Montgomery Scott LLC’s holdings in Axalta Coating Systems were worth $739,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Management Professionals Inc. lifted its position in Axalta Coating Systems by 11,757.1% during the first quarter. Financial Management Professionals Inc. now owns 830 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 823 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 498 shares during the last quarter. Plato Investment Management Ltd grew its position in shares of Axalta Coating Systems by 156.4% in the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock valued at $77,000 after purchasing an additional 1,365 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Axalta Coating Systems by 31.1% during the first quarter. UMB Bank n.a. now owns 2,744 shares of the specialty chemicals company’s stock worth $91,000 after purchasing an additional 651 shares during the period. Finally, Headlands Technologies LLC lifted its holdings in Axalta Coating Systems by 54.7% during the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company’s stock worth $112,000 after purchasing an additional 1,156 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on AXTA shares. BNP Paribas raised Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price objective on the stock in a report on Thursday, April 10th. The Goldman Sachs Group reduced their target price on shares of Axalta Coating Systems from $46.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, May 14th. Barclays decreased their price target on shares of Axalta Coating Systems from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, May 15th. Mizuho set a $37.00 price target on shares of Axalta Coating Systems in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company cut their price objective on shares of Axalta Coating Systems from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and an average target price of $40.44.

Get Our Latest Stock Analysis on Axalta Coating Systems

Axalta Coating Systems Stock Performance

Shares of NYSE:AXTA opened at $30.49 on Wednesday. Axalta Coating Systems Ltd. has a 1 year low of $27.70 and a 1 year high of $41.66. The stock has a market capitalization of $6.66 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 0.84 and a beta of 1.25. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.12 and a quick ratio of 1.53. The company’s 50 day simple moving average is $31.10 and its 200 day simple moving average is $33.37.

Axalta Coating Systems (NYSE:AXTAGet Free Report) last issued its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Axalta Coating Systems had a return on equity of 26.30% and a net margin of 8.56%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue was down 2.5% compared to the same quarter last year. As a group, research analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

About Axalta Coating Systems

(Free Report)

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.

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Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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