Janney Montgomery Scott LLC Purchases Shares of 23,628 Axalta Coating Systems Ltd. (NYSE:AXTA)

Janney Montgomery Scott LLC acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,628 shares of the specialty chemicals company's stock, valued at approximately $855,000.

Several other large investors also recently bought and sold shares of AXTA. State Board of Administration of Florida Retirement System raised its stake in Axalta Coating Systems by 7.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 202,446 shares of the specialty chemicals company's stock valued at $6,962,000 after acquiring an additional 13,541 shares during the last quarter. Blair William & Co. IL increased its holdings in shares of Axalta Coating Systems by 18.6% in the 1st quarter. Blair William & Co. IL now owns 14,902 shares of the specialty chemicals company's stock valued at $512,000 after purchasing an additional 2,339 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Axalta Coating Systems by 2.4% in the first quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company's stock valued at $817,230,000 after purchasing an additional 554,806 shares during the period. Edgestream Partners L.P. purchased a new stake in Axalta Coating Systems during the first quarter worth about $1,745,000. Finally, O Shaughnessy Asset Management LLC grew its position in Axalta Coating Systems by 9.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company's stock worth $222,000 after buying an additional 530 shares during the period. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Trading Down 0.9 %

Shares of Axalta Coating Systems stock opened at $40.29 on Friday. The firm has a market cap of $8.79 billion, a PE ratio of 27.22, a P/E/G ratio of 0.87 and a beta of 1.43. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. Axalta Coating Systems Ltd. has a fifty-two week low of $30.40 and a fifty-two week high of $40.91. The business's fifty day moving average is $36.79 and its two-hundred day moving average is $35.67.

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, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations 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 revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. Analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on AXTA. KeyCorp boosted their price target 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. Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research report on Wednesday. They issued an "outperform" rating and a $47.00 price objective on the stock. Barclays raised their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, November 1st. BMO Capital Markets upped their price target on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Monday, August 5th. Two research 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's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target 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.