Axalta Coating Systems Ltd. (NYSE:AXTA) Position Increased by State Street Corp

State Street Corp boosted its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,822,955 shares of the specialty chemicals company's stock after purchasing an additional 46,813 shares during the quarter. State Street Corp owned approximately 3.13% of Axalta Coating Systems worth $246,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AXTA. Plato Investment Management Ltd acquired a new position in shares of Axalta Coating Systems in the 2nd quarter valued at $30,000. True Wealth Design LLC purchased a new position in shares of Axalta Coating Systems in the 3rd quarter worth $37,000. First Horizon Advisors Inc. boosted its holdings in Axalta Coating Systems by 35.2% in the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock valued at $37,000 after acquiring an additional 266 shares during the last quarter. Millburn Ridgefield Corp purchased a new stake in Axalta Coating Systems during the third quarter valued at about $41,000. Finally, Capital Performance Advisors LLP acquired a new stake in Axalta Coating Systems during the third quarter worth about $54,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Royal Bank of Canada increased their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Evercore ISI started coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price target on the stock. Barclays upped their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, November 1st. Finally, Mizuho lifted their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $42.45.

Axalta Coating Systems Stock Performance

Shares of AXTA traded up $0.20 during mid-day trading on Thursday, reaching $39.07. 1,079,817 shares of the company's stock traded hands, compared to its average volume of 1,980,512. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. The business's 50-day moving average price is $38.33 and its 200-day moving average price is $36.24. The stock has a market capitalization of $8.52 billion, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 0.86 and a beta of 1.44. Axalta Coating Systems Ltd. has a 12 month low of $30.40 and a 12 month high of $41.65.

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, beating analysts' consensus estimates 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 return on equity of 24.92% and a net margin of 6.22%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.45 earnings per share. Equities analysts predict that Axalta Coating Systems Ltd. will post 2.16 earnings per share 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.