Barclays PLC Has $5.59 Million Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Barclays PLC increased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 50.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 154,483 shares of the specialty chemicals company's stock after purchasing an additional 51,748 shares during the period. Barclays PLC owned 0.07% of Axalta Coating Systems worth $5,589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AXTA. Plato Investment Management Ltd purchased a new stake in shares of Axalta Coating Systems during the second quarter valued at approximately $30,000. First Horizon Advisors Inc. increased its stake in Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock worth $37,000 after buying an additional 266 shares during the period. True Wealth Design LLC acquired a new position in Axalta Coating Systems in the 3rd quarter worth $37,000. Millburn Ridgefield Corp purchased a new position in Axalta Coating Systems in the 3rd quarter valued at about $41,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Axalta Coating Systems during the third quarter valued at about $54,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a research note on Tuesday. BMO Capital Markets increased their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Evercore ISI began coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price target for the company. Mizuho upped their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Finally, Barclays increased their price objective on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Axalta Coating Systems currently has an average rating of "Moderate Buy" and an average price target of $42.50.

Axalta Coating Systems Price Performance

NYSE AXTA traded down $0.04 on Friday, reaching $34.40. 7,677,224 shares of the stock traded hands, compared to its average volume of 2,016,700. Axalta Coating Systems Ltd. has a 12 month low of $30.40 and a 12 month high of $41.65. The company has a market cap of $7.50 billion, a price-to-earnings ratio of 23.24, a P/E/G ratio of 0.83 and a beta of 1.44. The firm's fifty day simple moving average is $38.37 and its 200 day simple moving average is $36.30. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80.

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