Aaron Wealth Advisors LLC Takes $250,000 Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Aaron Wealth Advisors LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,921 shares of the specialty chemicals company’s stock, valued at approximately $250,000.

A number of other large investors have also recently bought and sold shares of AXTA. Wedge Capital Management L L P NC boosted its holdings in shares of Axalta Coating Systems by 0.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock valued at $3,778,000 after acquiring an additional 453 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in Axalta Coating Systems by 9.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock worth $222,000 after purchasing an additional 530 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Axalta Coating Systems by 1.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 56,174 shares of the specialty chemicals company’s stock valued at $1,908,000 after buying an additional 576 shares during the last quarter. Signaturefd LLC raised its stake in shares of Axalta Coating Systems by 23.2% during the 2nd quarter. Signaturefd LLC now owns 3,155 shares of the specialty chemicals company’s stock valued at $108,000 after buying an additional 594 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Axalta Coating Systems by 0.3% in the first quarter. Retirement Systems of Alabama now owns 276,369 shares of the specialty chemicals company’s stock worth $9,504,000 after buying an additional 726 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Robert W. Baird lifted 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, August 2nd. Barclays increased 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, August 2nd. UBS Group decreased their price objective on shares of Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. raised their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada upped their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Axalta Coating Systems currently has an average rating of “Moderate Buy” and an average price target of $41.00.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $36.13 on Friday. The company has a fifty day simple moving average of $35.62 and a 200-day simple moving average of $34.83. The firm has a market capitalization of $7.97 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 0.87 and a beta of 1.44. The company has a quick ratio of 1.70, a current ratio of 2.26 and a debt-to-equity ratio of 1.97. Axalta Coating Systems Ltd. has a 52-week low of $25.03 and a 52-week high of $37.78.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Thursday, August 1st. The specialty chemicals company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.34 billion. Axalta Coating Systems had a net margin of 5.69% and a return on equity of 24.28%. Axalta Coating Systems’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. On average, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.06 EPS for the current fiscal 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.