Toronto Dominion Bank lessened its holdings in Axalta Coating Systems Ltd (NYSE:AXTA) by 14.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 32,911 shares of the specialty chemicals company’s stock after selling 5,771 shares during the period. Toronto Dominion Bank’s holdings in Axalta Coating Systems were worth $979,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AXTA. Nuveen Asset Management LLC purchased a new stake in Axalta Coating Systems in the 2nd quarter worth $123,812,000. Senator Investment Group LP purchased a new stake in Axalta Coating Systems in the 2nd quarter worth $119,080,000. Renaissance Technologies LLC increased its stake in Axalta Coating Systems by 73.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,691,100 shares of the specialty chemicals company’s stock worth $139,654,000 after buying an additional 1,986,400 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in Axalta Coating Systems by 287.0% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 1,390,566 shares of the specialty chemicals company’s stock worth $41,397,000 after buying an additional 1,031,292 shares in the last quarter. Finally, Marshall Wace North America L.P. increased its stake in Axalta Coating Systems by 1,340.2% in the 1st quarter. Marshall Wace North America L.P. now owns 758,712 shares of the specialty chemicals company’s stock worth $19,127,000 after buying an additional 706,032 shares in the last quarter. Institutional investors and hedge funds own 98.32% of the company’s stock.

A number of brokerages have issued reports on AXTA. Zacks Investment Research upgraded Axalta Coating Systems from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. KeyCorp raised their price objective on Axalta Coating Systems from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, June 26th. Maxim Group started coverage on Axalta Coating Systems in a research report on Wednesday, June 19th. TheStreet upgraded Axalta Coating Systems from a “c+” rating to a “b” rating in a research report on Friday, July 26th. Finally, Credit Suisse Group raised their price objective on Axalta Coating Systems from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.77.

Shares of Axalta Coating Systems stock traded up $0.16 during trading on Wednesday, reaching $28.48. 8,828 shares of the stock traded hands, compared to its average volume of 2,241,749. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 22.24, a P/E/G ratio of 1.24 and a beta of 1.46. The business has a fifty day simple moving average of $29.56 and a two-hundred day simple moving average of $27.93. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.32 and a quick ratio of 1.71. Axalta Coating Systems Ltd has a 52-week low of $21.58 and a 52-week high of $32.20.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, July 25th. The specialty chemicals company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.09. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.19 billion. Axalta Coating Systems had a return on equity of 27.59% and a net margin of 4.45%. The business’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 earnings per share. On average, research analysts predict that Axalta Coating Systems Ltd will post 1.79 earnings per share 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. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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

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