Harbor Capital Advisors Inc. Boosts Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Harbor Capital Advisors Inc. grew its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 85.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 438,290 shares of the specialty chemicals company's stock after buying an additional 201,766 shares during the period. Axalta Coating Systems accounts for 0.7% of Harbor Capital Advisors Inc.'s portfolio, making the stock its 17th biggest position. Harbor Capital Advisors Inc. owned approximately 0.20% of Axalta Coating Systems worth $15,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC boosted its position in shares of Axalta Coating Systems by 14.1% during the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company's stock valued at $130,000 after purchasing an additional 444 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in 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 valued at $3,778,000 after acquiring an additional 453 shares during the period. O Shaughnessy Asset Management LLC boosted its stake 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 acquiring an additional 530 shares in the last quarter. UMB Bank n.a. grew its holdings in Axalta Coating Systems by 90.2% in the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company's stock worth $56,000 after purchasing an additional 733 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Axalta Coating Systems by 111.5% during the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company's stock valued at $48,000 after purchasing an additional 747 shares in the last quarter. Institutional investors own 98.28% of the company's stock.

Wall Street Analyst Weigh In

AXTA has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, August 5th. UBS Group cut their price objective on shares of Axalta Coating Systems from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada increased their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Friday. KeyCorp boosted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Robert W. Baird lifted their price target on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.70.

Axalta Coating Systems Stock Performance

Shares of AXTA stock traded up $0.06 during mid-day trading on Friday, reaching $37.98. 2,857,784 shares of the company's stock traded hands, compared to its average volume of 1,943,697. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.70 and a current ratio of 2.00. The firm has a market capitalization of $8.28 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 0.94 and a beta of 1.43. Axalta Coating Systems Ltd. has a 12 month low of $28.69 and a 12 month high of $38.77. The firm has a 50 day moving average price of $35.97 and a two-hundred day moving average price of $35.10.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. The business's quarterly revenue was up .8% on a year-over-year basis. On average, research analysts forecast that Axalta Coating Systems Ltd. will post 2.1 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.