Bank of Montreal Can Has $4.52 Million Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Bank of Montreal Can lessened its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 69.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 121,327 shares of the specialty chemicals company's stock after selling 271,550 shares during the period. Bank of Montreal Can owned approximately 0.06% of Axalta Coating Systems worth $4,519,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Tidal Investments LLC boosted its stake in shares of Axalta Coating Systems by 51.3% in the first quarter. Tidal Investments LLC now owns 23,311 shares of the specialty chemicals company's stock valued at $802,000 after buying an additional 7,901 shares during the period. GAMMA Investing LLC increased its stake in Axalta Coating Systems by 111.5% in the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company's stock valued at $48,000 after purchasing an additional 747 shares in the last quarter. CWM LLC increased its holdings in shares of Axalta Coating Systems by 95.4% during the second quarter. CWM LLC now owns 6,958 shares of the specialty chemicals company's stock valued at $238,000 after acquiring an additional 3,397 shares in the last quarter. SG Americas Securities LLC increased its holdings in Axalta Coating Systems by 8.2% during the 2nd quarter. SG Americas Securities LLC now owns 58,008 shares of the specialty chemicals company's stock worth $1,982,000 after purchasing an additional 4,397 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Axalta Coating Systems by 12.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,641 shares of the specialty chemicals company's stock worth $466,000 after purchasing an additional 1,500 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock traded up $0.24 during mid-day trading on Wednesday, hitting $40.57. 988,012 shares of the company were exchanged, compared to its average volume of 1,997,271. The company has a market capitalization of $8.85 billion, a P/E ratio of 27.41, a PEG ratio of 0.87 and a beta of 1.44. Axalta Coating Systems Ltd. has a 12-month low of $30.40 and a 12-month high of $41.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The business's 50 day simple moving average is $38.02 and its two-hundred day simple moving average is $36.08.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm's revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.45 EPS. Analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on AXTA. Mizuho raised their price target on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Evercore ISI initiated coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 target price for the company. BMO Capital Markets lifted their price objective 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. KeyCorp boosted their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada upped their price objective on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $42.45.

About Axalta Coating Systems

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.