Sasco Capital Inc. CT Has $18.15 Million Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Sasco Capital Inc. CT grew its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 5.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 501,530 shares of the specialty chemicals company's stock after purchasing an additional 27,420 shares during the quarter. Axalta Coating Systems makes up approximately 2.7% of Sasco Capital Inc. CT's holdings, making the stock its 22nd biggest holding. Sasco Capital Inc. CT owned about 0.23% of Axalta Coating Systems worth $18,150,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of AXTA. Vanguard Group Inc. boosted its holdings in Axalta Coating Systems by 2.4% during the first quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company's stock worth $817,230,000 after buying an additional 554,806 shares during the last quarter. Edgestream Partners L.P. acquired a new position in Axalta Coating Systems during the first quarter valued at approximately $1,745,000. Toronto Dominion Bank bought a new stake in Axalta Coating Systems in the first quarter valued at approximately $12,556,000. Federated Hermes Inc. raised its holdings in Axalta Coating Systems by 3.0% in the second quarter. Federated Hermes Inc. now owns 896,188 shares of the specialty chemicals company's stock worth $30,623,000 after purchasing an additional 25,717 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Axalta Coating Systems by 126.7% during the second quarter. AQR Capital Management LLC now owns 794,454 shares of the specialty chemicals company's stock worth $26,817,000 after purchasing an additional 443,946 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on AXTA shares. KeyCorp upped their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. raised their price target on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an "overweight" rating in a research report on Monday, August 5th. Robert W. Baird lifted their price objective on Axalta Coating Systems from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Evercore ISI began coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $47.00 target price for the company. Finally, Royal Bank of Canada raised their target price on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Axalta Coating Systems currently has a consensus rating of "Buy" and an average target price of $42.45.

Axalta Coating Systems Stock Down 2.7 %

Shares of NYSE:AXTA traded down $1.08 during midday trading on Tuesday, hitting $38.82. The stock had a trading volume of 1,993,965 shares, compared to its average volume of 2,024,621. The company has a market cap of $8.47 billion, a P/E ratio of 26.97, a PEG ratio of 0.86 and a beta of 1.43. Axalta Coating Systems Ltd. has a 12 month low of $30.40 and a 12 month high of $40.91. The business's 50-day simple moving average is $36.90 and its 200-day simple moving average is $35.71. 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 (NYSE:AXTA - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. Axalta Coating Systems's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. On average, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal 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.