Cerity Partners LLC Boosts Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Cerity Partners LLC increased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 168.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,481 shares of the specialty chemicals company's stock after acquiring an additional 18,496 shares during the period. Cerity Partners LLC's holdings in Axalta Coating Systems were worth $1,067,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AXTA. Plato Investment Management Ltd purchased a new position in Axalta Coating Systems during the second quarter worth about $30,000. First Horizon Advisors Inc. increased its position in shares of Axalta Coating Systems by 35.2% in the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock valued at $37,000 after acquiring an additional 266 shares during the period. GAMMA Investing LLC raised its holdings in shares of Axalta Coating Systems by 111.5% during the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company's stock valued at $48,000 after acquiring an additional 747 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Axalta Coating Systems during the 3rd quarter valued at approximately $54,000. Finally, UMB Bank n.a. raised its holdings in Axalta Coating Systems by 90.2% in 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 in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. KeyCorp raised their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Mizuho increased their price target on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Barclays boosted 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. Royal Bank of Canada increased their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Evercore ISI began coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $42.45.

Axalta Coating Systems Stock Down 1.5 %

Shares of NYSE:AXTA traded down $0.60 on Thursday, reaching $39.99. The company had a trading volume of 889,190 shares, compared to its average volume of 1,992,557. The firm has a market capitalization of $8.72 billion, a PE ratio of 27.02, a PEG ratio of 0.87 and a beta of 1.44. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. Axalta Coating Systems Ltd. has a 52-week low of $30.40 and a 52-week high of $41.65. The firm's 50 day simple moving average is $38.07 and its 200-day simple moving average is $36.11.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued 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 business 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%. During the same period in the prior year, the firm posted $0.45 earnings per share. The business's quarterly revenue was up .8% on a year-over-year basis. As a group, analysts expect that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal 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.