Janus Henderson Group PLC Acquires 35,496 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Janus Henderson Group PLC grew its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 28.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,458 shares of the specialty chemicals company's stock after acquiring an additional 35,496 shares during the period. Janus Henderson Group PLC owned 0.07% of Axalta Coating Systems worth $5,806,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Atom Investors LP raised its position in Axalta Coating Systems by 198.6% during the third quarter. Atom Investors LP now owns 380,616 shares of the specialty chemicals company's stock valued at $13,774,000 after purchasing an additional 253,142 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Axalta Coating Systems during the third quarter valued at about $326,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Axalta Coating Systems by 139.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,728 shares of the specialty chemicals company's stock worth $207,000 after purchasing an additional 3,340 shares during the last quarter. Point72 Hong Kong Ltd grew its stake in shares of Axalta Coating Systems by 578.3% in the third quarter. Point72 Hong Kong Ltd now owns 67,597 shares of the specialty chemicals company's stock worth $2,446,000 after purchasing an additional 57,631 shares during the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of Axalta Coating Systems in the third quarter worth about $37,000. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Down 1.6 %

NYSE AXTA traded down $0.63 during mid-day trading on Tuesday, reaching $39.21. The stock had a trading volume of 1,324,038 shares, compared to its average volume of 1,987,260. Axalta Coating Systems Ltd. has a 1 year low of $30.40 and a 1 year high of $41.65. The stock has a market cap of $8.55 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 0.86 and a beta of 1.44. The company has a fifty day moving average price of $38.20 and a 200 day moving average price of $36.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $0.45 EPS. The firm's revenue for the quarter was up .8% on a year-over-year basis. On average, research analysts expect that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. KeyCorp raised their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. BMO Capital Markets raised their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 13th. Mizuho lifted their price objective on Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Evercore ISI started coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price objective on the stock. Finally, Barclays lifted their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $42.45.

Axalta Coating Systems 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.