Deutsche Bank AG Grows Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Deutsche Bank AG lifted its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 144.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,950,902 shares of the specialty chemicals company's stock after purchasing an additional 1,153,620 shares during the quarter. Deutsche Bank AG owned about 0.89% of Axalta Coating Systems worth $66,760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AXTA. Oak Thistle LLC lifted its holdings in Axalta Coating Systems by 434.3% during the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company's stock valued at $1,353,000 after purchasing an additional 32,135 shares in the last quarter. American Century Companies Inc. lifted its holdings in Axalta Coating Systems by 57.8% during the 4th quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company's stock worth $12,183,000 after buying an additional 130,427 shares in the last quarter. Principal Securities Inc. lifted its stake in Axalta Coating Systems by 5.5% during the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock worth $218,000 after purchasing an additional 332 shares during the last quarter. Barclays PLC lifted its position in shares of Axalta Coating Systems by 50.4% during the 3rd quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company's stock worth $5,589,000 after buying an additional 51,748 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Axalta Coating Systems by 62.7% in the third quarter. Franklin Resources Inc. now owns 138,081 shares of the specialty chemicals company's stock valued at $5,097,000 after acquiring an additional 53,222 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on AXTA shares. Wells Fargo & Company upped their price target on Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday, May 8th. BNP Paribas upgraded shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research report on Thursday, April 10th. Barclays lowered their target price on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating on the stock in a report on Thursday. Wolfe Research raised Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective on the stock in a research note on Friday, January 17th. Finally, Citigroup lowered their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.38.

Axalta Coating Systems Trading Up 0.8%

Shares of Axalta Coating Systems stock traded up $0.27 during midday trading on Friday, reaching $32.65. 2,077,117 shares of the company's stock traded hands, compared to its average volume of 2,025,345. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The company has a market cap of $7.14 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The stock has a 50 day moving average of $32.33 and a 200-day moving average of $35.48. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.05. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the business earned $0.48 EPS. The company's quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Axalta Coating Systems Company 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.