Toronto Dominion Bank Sells 5,771 Shares of Axalta Coating Systems Ltd (NYSE:AXTA)

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Toronto Dominion Bank lowered its holdings in shares of Axalta Coating Systems Ltd (NYSE:AXTA) by 14.9% during the 2nd quarter, HoldingsChannel reports. The fund 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 large investors have also bought and sold shares of the stock. Parallel Advisors LLC raised its holdings in Axalta Coating Systems by 639.8% in the second quarter. Parallel Advisors LLC now owns 910 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 787 shares during the last quarter. NEXT Financial Group Inc grew its position in Axalta Coating Systems by 633.3% during the second quarter. NEXT Financial Group Inc now owns 1,100 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 950 shares during the period. Hexavest Inc. bought a new stake in Axalta Coating Systems during the second quarter valued at approximately $46,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Axalta Coating Systems during the second quarter valued at approximately $57,000. Finally, SRS Capital Advisors Inc. bought a new stake in Axalta Coating Systems during the second quarter valued at approximately $58,000. 98.32% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. TheStreet upgraded shares of Axalta Coating Systems from a “c+” rating to a “b” rating in a research report on Friday, July 26th. Maxim Group assumed coverage on shares of Axalta Coating Systems in a research report on Wednesday, June 19th. Robert W. Baird boosted their target price on shares of Axalta Coating Systems from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Bank of America lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating in a research report on Friday, August 16th. Finally, Nomura boosted their target price on shares of Axalta Coating Systems from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $31.77.

Shares of AXTA traded down $0.17 during mid-day trading on Thursday, reaching $31.30. The stock had a trading volume of 31,063 shares, compared to its average volume of 2,025,277. The firm has a market cap of $7.30 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 1.30 and a beta of 1.46. Axalta Coating Systems Ltd has a 12 month low of $21.58 and a 12 month high of $32.20. The business has a fifty day moving average of $28.89 and a 200 day moving average of $27.55. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.71 and a current ratio of 2.32.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Thursday, July 25th. The specialty chemicals company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.19 billion. Axalta Coating Systems had a net margin of 4.45% and a return on equity of 27.59%. The company’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. On average, research analysts forecast that Axalta Coating Systems Ltd will post 1.79 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. 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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