Geode Capital Management LLC grew its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 0.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,669,190 shares of the specialty chemicals company's stock after purchasing an additional 31,894 shares during the period. Geode Capital Management LLC owned about 1.68% of Axalta Coating Systems worth $132,823,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently modified their holdings of AXTA. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Axalta Coating Systems by 0.9% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company's stock valued at $512,890,000 after purchasing an additional 137,209 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of 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 purchasing an additional 550,970 shares during the last quarter. State Street Corp raised its holdings in shares of Axalta Coating Systems by 0.7% in the 3rd quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company's stock worth $246,923,000 after purchasing an additional 46,813 shares during the period. Dimensional Fund Advisors LP lifted its stake in Axalta Coating Systems by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company's stock valued at $128,852,000 after purchasing an additional 302,752 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in Axalta Coating Systems by 19.5% in the second quarter. The Manufacturers Life Insurance Company now owns 2,914,764 shares of the specialty chemicals company's stock worth $99,597,000 after buying an additional 475,493 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.
Axalta Coating Systems Price Performance
Shares of NYSE:AXTA traded down $1.33 during trading on Tuesday, reaching $36.39. The company had a trading volume of 3,489,676 shares, compared to its average volume of 1,987,063. Axalta Coating Systems Ltd. has a 12 month low of $30.40 and a 12 month high of $41.65. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $7.94 billion, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 0.83 and a beta of 1.44. The company has a fifty day moving average of $38.50 and a two-hundred day moving average of $36.33.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $0.45 earnings per share. The business's revenue was up .8% compared to the same quarter last year. Equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Evercore ISI started coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price objective for the company. Barclays boosted their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. BMO Capital Markets raised their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Royal Bank of Canada boosted their target price 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, KeyCorp reaffirmed a "sector weight" rating on shares of Axalta Coating Systems in a report on Tuesday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.45.
Check Out Our Latest Stock Report on AXTA
Axalta Coating Systems Profile
(
Free Report)
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.
See Also
![Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=AXTA)
Before you consider Axalta Coating Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Axalta Coating Systems wasn't on the list.
While Axalta Coating Systems currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.