JPMorgan Chase & Co. Has $260.41 Million Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

JPMorgan Chase & Co. lifted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTAGet Rating) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,862,760 shares of the specialty chemicals company’s stock after buying an additional 353,099 shares during the quarter. JPMorgan Chase & Co. owned about 3.44% of Axalta Coating Systems worth $260,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its stake in Axalta Coating Systems by 448.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,239 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 1,013 shares in the last quarter. Eagle Bay Advisors LLC lifted its stake in Axalta Coating Systems by 257.1% during the 3rd quarter. Eagle Bay Advisors LLC now owns 1,932 shares of the specialty chemicals company’s stock valued at $57,000 after acquiring an additional 1,391 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Axalta Coating Systems during the 4th quarter worth $66,000. Ensign Peak Advisors Inc bought a new stake in shares of Axalta Coating Systems during the 3rd quarter worth $118,000. Finally, National Bank of Canada FI bought a new stake in shares of Axalta Coating Systems during the 4th quarter worth $136,000. Institutional investors own 99.97% of the company’s stock.

NYSE:AXTA opened at $26.47 on Wednesday. Axalta Coating Systems Ltd. has a 1 year low of $21.67 and a 1 year high of $34.12. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.87 and a quick ratio of 1.30. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 0.86 and a beta of 1.29. The business has a 50 day simple moving average of $25.13 and a 200-day simple moving average of $28.71.

Axalta Coating Systems (NYSE:AXTAGet Rating) last issued its earnings results on Monday, April 25th. The specialty chemicals company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.05. Axalta Coating Systems had a return on equity of 22.66% and a net margin of 6.41%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.50 EPS. Axalta Coating Systems’s revenue was up 10.4% on a year-over-year basis. As a group, analysts expect that Axalta Coating Systems Ltd. will post 1.78 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on AXTA shares. Jefferies Financial Group lowered their target price on Axalta Coating Systems from $33.00 to $26.00 and set a “hold” rating on the stock in a research note on Wednesday, March 9th. TheStreet lowered Axalta Coating Systems from a “b-” rating to a “c+” rating in a report on Monday, March 21st. Royal Bank of Canada lowered Axalta Coating Systems from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $33.00 to $26.00 in a report on Friday, March 25th. Morgan Stanley reduced their target price on Axalta Coating Systems from $35.00 to $33.00 and set an “equal weight” rating for the company in a report on Thursday, February 3rd. Finally, Wells Fargo & Company dropped their price target on Axalta Coating Systems from $32.00 to $27.00 and set an “equal weight” rating for the company in a research report on Monday, April 18th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $31.30.

In other Axalta Coating Systems news, Director William M. Cook bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, March 4th. The shares were purchased at an average cost of $24.64 per share, for a total transaction of $49,280.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Axalta Coating Systems Company Profile (Get Rating)

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. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

Further Reading

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

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