Mutual of America Capital Management LLC Lowers Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Mutual of America Capital Management LLC decreased its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 12.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 179,486 shares of the specialty chemicals company's stock after selling 24,905 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of Axalta Coating Systems worth $6,496,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of AXTA. Vaughan Nelson Investment Management L.P. grew its holdings in Axalta Coating Systems by 11.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,991,660 shares of the specialty chemicals company's stock valued at $72,078,000 after purchasing an additional 205,085 shares during the last quarter. Natixis Advisors LLC grew its holdings in Axalta Coating Systems by 2.4% during the 3rd quarter. Natixis Advisors LLC now owns 668,654 shares of the specialty chemicals company's stock valued at $24,198,000 after purchasing an additional 15,469 shares during the last quarter. KBC Group NV grew its holdings in Axalta Coating Systems by 13.9% during the 3rd quarter. KBC Group NV now owns 5,859 shares of the specialty chemicals company's stock valued at $212,000 after purchasing an additional 716 shares during the last quarter. MQS Management LLC bought a new position in Axalta Coating Systems during the 3rd quarter valued at about $411,000. Finally, Aigen Investment Management LP bought a new position in Axalta Coating Systems during the 3rd quarter valued at about $724,000. Hedge funds and other institutional investors own 98.28% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on AXTA shares. Evercore ISI began coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 target price on the stock. Barclays raised 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. Mizuho lifted their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. 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 note on Monday, August 5th. Finally, BMO Capital Markets boosted their price target 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. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $42.45.

Axalta Coating Systems Stock Performance

NYSE:AXTA traded down $0.15 during trading hours on Wednesday, reaching $38.67. 479,400 shares of the company's stock were exchanged, compared to its average volume of 2,017,753. Axalta Coating Systems Ltd. has a 1-year low of $30.40 and a 1-year high of $40.91. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 0.86 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. The company has a 50-day moving average of $36.99 and a 200 day moving average of $35.74.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter last year, the business earned $0.45 earnings per share. The business's revenue for the quarter was up .8% compared to the same quarter last year. Research analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.

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.