UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 151.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 633,017 shares of the specialty chemicals company's stock after purchasing an additional 381,488 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Axalta Coating Systems worth $22,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Axalta Coating Systems by 0.9% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company's stock valued at $512,890,000 after buying an additional 137,209 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Axalta Coating Systems by 5.6% in the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company's stock valued at $355,479,000 after acquiring an additional 550,970 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Axalta Coating Systems by 8.7% in 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 acquiring an additional 302,752 shares during the period. The Manufacturers Life Insurance Company grew its position 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 worth $99,597,000 after purchasing an additional 475,493 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Axalta Coating Systems by 89.7% during the 2nd 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 period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AXTA shares. Evercore ISI began coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price target for the company. Royal Bank of Canada upped their target price on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. KeyCorp lifted their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. Barclays increased their price objective on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Finally, BMO Capital Markets lifted their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $42.45.

Axalta Coating Systems Trading Down 0.2 %

AXTA stock traded down $0.08 during midday trading on Friday, reaching $39.92. 1,147,171 shares of the company traded hands, compared to its average volume of 1,988,975. The firm has a market capitalization of $8.70 billion, a price-to-earnings ratio of 26.97, a P/E/G ratio of 0.87 and a beta of 1.44. Axalta Coating Systems Ltd. has a 52-week low of $30.40 and a 52-week high of $41.65. The business has a 50 day moving average of $38.07 and a 200-day moving average of $36.11. 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 (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating 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 return on equity of 24.92% and a net margin of 6.22%. Axalta Coating Systems's quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS. As a group, sell-side analysts expect 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.