Mutual of America Capital Management LLC Sells 61,767 Shares of Axalta Coating Systems Ltd. $AXTA

Mutual of America Capital Management LLC lessened its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 38.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 100,020 shares of the specialty chemicals company’s stock after selling 61,767 shares during the period. Mutual of America Capital Management LLC’s holdings in Axalta Coating Systems were worth $2,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AXTA. Cullen Frost Bankers Inc. purchased a new position in Axalta Coating Systems in the second quarter worth $37,000. IFP Advisors Inc purchased a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at $39,000. FNY Investment Advisers LLC acquired a new stake in shares of Axalta Coating Systems in the 2nd quarter worth $49,000. True Wealth Design LLC grew its stake in Axalta Coating Systems by 1,533.6% during the 3rd quarter. True Wealth Design LLC now owns 1,797 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 1,687 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Axalta Coating Systems by 371.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,501 shares of the specialty chemicals company’s stock worth $104,000 after buying an additional 2,758 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AXTA. Vertical Research cut Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, January 7th. Citigroup increased their price objective on shares of Axalta Coating Systems from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $30.00 target price (down from $35.00) on shares of Axalta Coating Systems in a research note on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of Axalta Coating Systems in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company lifted their price objective on shares of Axalta Coating Systems from $38.00 to $39.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Seven analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of “Hold” and an average price target of $35.56.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $33.56 on Friday. The company has a 50 day simple moving average of $31.90 and a two-hundred day simple moving average of $30.23. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.37 and a beta of 1.29. The company has a current ratio of 2.20, a quick ratio of 1.59 and a debt-to-equity ratio of 1.45. Axalta Coating Systems Ltd. has a 12 month low of $26.28 and a 12 month high of $38.37.

Axalta Coating Systems Company Profile

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.