XTX Topco Ltd Increases Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

XTX Topco Ltd raised its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 326.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,895 shares of the specialty chemicals company's stock after buying an additional 21,352 shares during the quarter. XTX Topco Ltd's holdings in Axalta Coating Systems were worth $1,010,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AXTA. Millennium Management LLC grew its holdings in shares of Axalta Coating Systems by 89.7% during the 2nd quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company's stock worth $93,411,000 after purchasing an additional 1,292,434 shares during the period. Interval Partners LP lifted its stake in Axalta Coating Systems by 716.6% during the 2nd quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company's stock worth $41,857,000 after acquiring an additional 1,074,961 shares in the last quarter. PointState Capital LP acquired a new position in Axalta Coating Systems during the 3rd quarter worth about $30,257,000. Victory Capital Management Inc. lifted its stake in Axalta Coating Systems by 5.6% during the 2nd quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company's stock worth $355,479,000 after acquiring an additional 550,970 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Axalta Coating Systems by 59.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,329,700 shares of the specialty chemicals company's stock worth $45,436,000 after acquiring an additional 497,000 shares in the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. BMO Capital Markets increased 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. KeyCorp increased 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. Barclays increased their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, November 1st. Royal Bank of Canada increased their price target on Axalta Coating Systems from $44.00 to $46.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Evercore ISI initiated coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $42.45.

Axalta Coating Systems Stock Down 0.8 %

Shares of NYSE AXTA traded down $0.32 during midday trading on Wednesday, hitting $38.89. 1,275,325 shares of the company's stock were exchanged, compared to its average volume of 1,984,281. 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 Ltd. has a twelve month low of $30.40 and a twelve month high of $41.65. The company has a market cap of $8.48 billion, a PE ratio of 26.29, a P/E/G ratio of 0.86 and a beta of 1.44. The firm's fifty day simple moving average is $38.27 and its 200-day simple moving average is $36.22.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 EPS. 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.