Axalta Coating Systems Ltd. (NYSE:AXTA) Stake Increased by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 64.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,844 shares of the specialty chemicals company's stock after acquiring an additional 24,622 shares during the quarter. New York State Teachers Retirement System's holdings in Axalta Coating Systems were worth $2,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Signaturefd LLC raised its stake in Axalta Coating Systems by 14.1% during the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company's stock worth $130,000 after acquiring an additional 444 shares during the period. Wedge Capital Management L L P NC raised its position in shares of Axalta Coating Systems by 0.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company's stock worth $3,778,000 after purchasing an additional 453 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of Axalta Coating Systems by 9.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company's stock worth $222,000 after purchasing an additional 530 shares during the last quarter. UMB Bank n.a. boosted its position in Axalta Coating Systems by 90.2% during the 3rd quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company's stock valued at $56,000 after purchasing an additional 733 shares during the period. Finally, GAMMA Investing LLC grew its stake in Axalta Coating Systems by 111.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company's stock worth $48,000 after buying an additional 747 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Robert W. Baird raised their price target on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. 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 report on Friday, November 1st. KeyCorp raised their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Mizuho upped their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Finally, 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 research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $41.70.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA traded up $0.21 during midday trading on Friday, reaching $39.98. The company's stock had a trading volume of 1,765,138 shares, compared to its average volume of 2,034,531. Axalta Coating Systems Ltd. has a one year low of $29.19 and a one year high of $40.19. The company has a market cap of $8.72 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 0.82 and a beta of 1.43. The company has a 50 day moving average price of $36.31 and a 200 day moving average price of $35.32. 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 (NYSE:AXTA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion for 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 prior year, the company earned $0.45 earnings per share. On average, equities research analysts expect that Axalta Coating Systems Ltd. will post 2.16 EPS for the current 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.