Quantinno Capital Management LP Grows Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Quantinno Capital Management LP increased its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 61.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,452 shares of the specialty chemicals company's stock after purchasing an additional 63,874 shares during the quarter. Quantinno Capital Management LP owned 0.08% of Axalta Coating Systems worth $6,060,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position 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 acquiring an additional 747 shares during the period. CWM LLC raised its stake in shares of Axalta Coating Systems by 95.4% in the 2nd quarter. CWM LLC now owns 6,958 shares of the specialty chemicals company's stock valued at $238,000 after acquiring an additional 3,397 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Axalta Coating Systems by 8.2% in the 2nd quarter. SG Americas Securities LLC now owns 58,008 shares of the specialty chemicals company's stock valued at $1,982,000 after acquiring an additional 4,397 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Axalta Coating Systems by 12.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,641 shares of the specialty chemicals company's stock worth $466,000 after buying an additional 1,500 shares during the period. Finally, Wedge Capital Management L L P NC increased its position in Axalta Coating Systems by 0.4% in 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 buying an additional 453 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Stock Down 0.2 %

Shares of Axalta Coating Systems stock traded down $0.08 during midday trading on Friday, hitting $39.92. The company had a trading volume of 1,147,218 shares, compared to its average volume of 1,446,478. The company has a 50 day moving average of $38.13 and a 200 day moving average of $36.15. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. Axalta Coating Systems Ltd. has a 52-week low of $30.40 and a 52-week high of $41.65. The stock has a market capitalization of $8.70 billion, a P/E ratio of 26.97, a P/E/G ratio of 0.87 and a beta of 1.44.

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 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.08. The business 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 business's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. On average, equities analysts predict that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. BMO Capital Markets lifted their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Mizuho boosted their target price on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Royal Bank of Canada upped 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. KeyCorp boosted their target price 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. Finally, Barclays upped their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an "overweight" rating in a research 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $42.45.

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.