Axalta Coating Systems Ltd. (NYSE:AXTA) Holdings Raised by Oak Thistle LLC

Oak Thistle LLC boosted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 434.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,535 shares of the specialty chemicals company's stock after purchasing an additional 32,135 shares during the period. Oak Thistle LLC's holdings in Axalta Coating Systems were worth $1,353,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Axalta Coating Systems by 0.9% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company's stock worth $512,890,000 after purchasing an additional 137,209 shares during the period. State Street Corp boosted its stake in shares of Axalta Coating Systems by 0.7% during the 3rd quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company's stock worth $246,923,000 after purchasing an additional 46,813 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Axalta Coating Systems by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company's stock worth $128,852,000 after purchasing an additional 302,752 shares during the last quarter. Geode Capital Management LLC grew its stake in Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company's stock worth $132,823,000 after acquiring an additional 31,894 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Axalta Coating Systems by 19.5% during the second quarter. The Manufacturers Life Insurance Company now owns 2,914,764 shares of the specialty chemicals company's stock valued at $99,597,000 after buying an additional 475,493 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Trading Up 2.0 %

Shares of AXTA stock traded up $0.69 on Wednesday, reaching $35.38. 1,505,155 shares of the stock were exchanged, compared to its average volume of 1,561,884. 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 1-year low of $30.40 and a 1-year high of $41.65. The stock has a market cap of $7.72 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 0.83 and a beta of 1.46. The firm has a 50 day moving average of $37.57 and a two-hundred day moving average of $36.21.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates 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 net margin of 6.22% and a return on equity of 24.92%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 EPS. On average, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Axalta Coating Systems from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Evercore ISI initiated coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price objective on the stock. Citigroup lowered Axalta Coating Systems from a "buy" rating to a "neutral" rating and decreased their target price for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. Finally, Mizuho reduced their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.18.

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.