Axalta Coating Systems Ltd. (NYSE:AXTA) Stock Position Lowered by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 21.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,551 shares of the specialty chemicals company's stock after selling 68,531 shares during the quarter. BNP Paribas Financial Markets owned about 0.12% of Axalta Coating Systems worth $9,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Plato Investment Management Ltd purchased a new stake in shares of Axalta Coating Systems during the second quarter worth about $30,000. First Horizon Advisors Inc. grew its holdings 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 acquiring an additional 266 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Axalta Coating Systems by 111.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company's stock worth $48,000 after purchasing an additional 747 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at about $54,000. Finally, UMB Bank n.a. lifted its position in shares of Axalta Coating Systems by 90.2% during the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company's stock worth $56,000 after purchasing an additional 733 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. KeyCorp upped their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, October 31st. Barclays raised their price objective 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. BMO Capital Markets boosted their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised their price target on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. Finally, Evercore ISI started 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 objective for the company. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $42.45.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA traded down $0.05 during midday trading on Tuesday, hitting $40.54. 647,186 shares of the company's stock were exchanged, compared to its average volume of 1,999,031. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $41.65. The firm has a market cap of $8.84 billion, a P/E ratio of 27.41, a PEG ratio of 0.87 and a beta of 1.44. The stock's 50 day moving average price is $37.85 and its 200-day moving average price is $36.01. 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 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 company had revenue of $1.32 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 EPS. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.

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.