Golden State Wealth Management LLC Has $31,000 Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Golden State Wealth Management LLC grew its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 105.9% in the 1st quarter, Holdings Channel reports. The institutional investor owned 949 shares of the specialty chemicals company’s stock after buying an additional 488 shares during the quarter. Golden State Wealth Management LLC’s holdings in Axalta Coating Systems were worth $31,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in Axalta Coating Systems by 9.6% during the fourth quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock worth $387,439,000 after purchasing an additional 988,397 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Axalta Coating Systems by 0.4% during the fourth quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company’s stock worth $386,032,000 after purchasing an additional 50,520 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Axalta Coating Systems by 1.3% during the fourth quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company’s stock worth $225,789,000 after purchasing an additional 82,200 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Axalta Coating Systems by 54.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company’s stock worth $191,190,000 after purchasing an additional 1,980,296 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Axalta Coating Systems by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,874,038 shares of the specialty chemicals company’s stock worth $132,568,000 after purchasing an additional 93,298 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Barclays reduced their target price on shares of Axalta Coating Systems from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Thursday, May 15th. JPMorgan Chase & Co. cut shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $42.00 to $32.00 in a report on Thursday, May 8th. Morgan Stanley reduced their target price on shares of Axalta Coating Systems from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Thursday, May 8th. BNP Paribas upgraded shares of Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 target price for the company in a report on Thursday, April 10th. Finally, The Goldman Sachs Group dropped their price target on shares of Axalta Coating Systems from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.44.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $31.24 on Thursday. The company has a quick ratio of 1.53, a current ratio of 2.12 and a debt-to-equity ratio of 1.60. The stock has a market capitalization of $6.83 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 0.86 and a beta of 1.25. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.66. The company has a 50-day simple moving average of $31.09 and a two-hundred day simple moving average of $33.36.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. Axalta Coating Systems had a net margin of 8.56% and a return on equity of 26.30%. The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm earned $0.48 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current 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.