Natixis Advisors LLC raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 2.4% during the third quarter, according to its most recent filing with the SEC. The firm owned 668,654 shares of the specialty chemicals company's stock after purchasing an additional 15,469 shares during the period. Natixis Advisors LLC owned 0.31% of Axalta Coating Systems worth $24,198,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. KBC Group NV boosted its position in Axalta Coating Systems by 13.9% during the third 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 in the last quarter. MQS Management LLC purchased a new position in shares of Axalta Coating Systems in the 3rd quarter worth approximately $411,000. Aigen Investment Management LP bought a new position in shares of Axalta Coating Systems during the 3rd quarter worth approximately $724,000. Venturi Wealth Management LLC lifted its position in Axalta Coating Systems by 30.2% during the third quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company's stock valued at $71,000 after acquiring an additional 455 shares during the last quarter. Finally, River Global Investors LLP lifted its position in Axalta Coating Systems by 3.9% during the third quarter. River Global Investors LLP now owns 52,138 shares of the specialty chemicals company's stock valued at $1,887,000 after acquiring an additional 1,958 shares during the last quarter. Institutional investors own 98.28% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. Robert W. Baird upped their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. KeyCorp increased their price target 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. Royal Bank of Canada boosted their price target on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Evercore ISI initiated coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price objective on the stock. Finally, Barclays upped their price objective 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. Two equities research 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 stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $42.45.
Check Out Our Latest Research Report on Axalta Coating Systems
Axalta Coating Systems Stock Performance
NYSE:AXTA traded down $0.90 during midday trading on Tuesday, hitting $39.00. The company's stock had a trading volume of 973,434 shares, compared to its average volume of 2,020,062. Axalta Coating Systems Ltd. has a fifty-two week low of $30.40 and a fifty-two week high of $40.91. The firm's 50 day moving average is $36.90 and its 200-day moving average is $35.71. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The firm has a market cap of $8.50 billion, a P/E ratio of 26.97, a P/E/G ratio of 0.86 and a beta of 1.43.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The company's revenue was up .8% compared to the same quarter last year. Equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.
About Axalta Coating Systems
(
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.
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