Axalta Coating Systems Ltd. (NYSE:AXTA) Holdings Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,333,597 shares of the specialty chemicals company's stock after selling 69,649 shares during the period. Victory Capital Management Inc. owned 4.74% of Axalta Coating Systems worth $373,973,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its position in Axalta Coating Systems by 4.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 20,454 shares of the specialty chemicals company's stock worth $703,000 after acquiring an additional 938 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Axalta Coating Systems during the first quarter worth $172,000. Entropy Technologies LP acquired a new position in Axalta Coating Systems in the first quarter valued at $686,000. State Board of Administration of Florida Retirement System increased its stake in Axalta Coating Systems by 7.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 202,446 shares of the specialty chemicals company's stock valued at $6,962,000 after purchasing an additional 13,541 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in Axalta Coating Systems by 18.6% in the 1st quarter. Blair William & Co. IL now owns 14,902 shares of the specialty chemicals company's stock worth $512,000 after buying an additional 2,339 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. KeyCorp upped their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Mizuho boosted their target price on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. JPMorgan Chase & Co. raised their price target on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the company an "overweight" rating in a report on Monday, August 5th. Royal Bank of Canada boosted their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Robert W. Baird raised their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.70.

Axalta Coating Systems Stock Performance

NYSE:AXTA traded down $0.59 during midday trading on Tuesday, reaching $39.60. 1,256,420 shares of the company traded hands, compared to its average volume of 2,028,397. Axalta Coating Systems Ltd. has a twelve month low of $29.46 and a twelve month high of $40.38. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The company has a fifty day moving average price of $36.38 and a 200 day moving average price of $35.45. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 27.16, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43.

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 analysts' consensus estimates of $0.51 by $0.08. The company 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 revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, analysts expect that Axalta Coating Systems Ltd. will post 2.16 EPS for the current fiscal 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.