Thrivent Financial for Lutherans Has $21.06 Million Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Thrivent Financial for Lutherans boosted its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 36.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 582,005 shares of the specialty chemicals company's stock after purchasing an additional 154,305 shares during the period. Thrivent Financial for Lutherans owned about 0.27% of Axalta Coating Systems worth $21,062,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Millennium Management LLC boosted its position in Axalta Coating Systems by 89.7% during the second quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company's stock valued at $93,411,000 after purchasing an additional 1,292,434 shares during the last quarter. Interval Partners LP boosted its holdings in shares of Axalta Coating Systems by 716.6% in the 2nd quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company's stock valued at $41,857,000 after buying an additional 1,074,961 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Axalta Coating Systems by 2.4% in the first quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company's stock valued at $817,230,000 after buying an additional 554,806 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Axalta Coating Systems by 5.6% during the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company's stock worth $355,479,000 after buying an additional 550,970 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in Axalta Coating Systems by 1,424.5% during the first quarter. Westwood Holdings Group Inc. now owns 545,089 shares of the specialty chemicals company's stock worth $18,746,000 after buying an additional 509,333 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Stock Up 0.2 %

AXTA opened at $38.90 on Thursday. 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 stock has a fifty day moving average of $37.08 and a 200-day moving average of $35.76. Axalta Coating Systems Ltd. has a fifty-two week low of $30.40 and a fifty-two week high of $40.91. The company has a market capitalization of $8.48 billion, a P/E ratio of 26.28, a P/E/G ratio of 0.86 and a beta of 1.43.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The business's revenue for the quarter was up .8% compared to the same quarter last year. On average, equities analysts expect that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AXTA. KeyCorp lifted 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. Robert W. Baird boosted their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, August 2nd. 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 research note on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, August 5th. Finally, BMO Capital Markets raised their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Axalta Coating Systems presently has an average rating of "Buy" and an average price target 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.