Natixis Advisors L.P. Acquires 99,626 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Natixis Advisors L.P. grew its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 626,992 shares of the specialty chemicals company's stock after acquiring an additional 99,626 shares during the quarter. Natixis Advisors L.P. owned about 0.28% of Axalta Coating Systems worth $21,298,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AXTA. Verdence Capital Advisors LLC raised its position in Axalta Coating Systems by 20.3% in the third quarter. Verdence Capital Advisors LLC now owns 12,700 shares of the specialty chemicals company's stock worth $342,000 after acquiring an additional 2,143 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Axalta Coating Systems by 23.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 44,794 shares of the specialty chemicals company's stock valued at $1,205,000 after buying an additional 8,489 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of Axalta Coating Systems by 0.5% in the third quarter. Mackenzie Financial Corp now owns 172,500 shares of the specialty chemicals company's stock valued at $4,663,000 after buying an additional 900 shares in the last quarter. Strs Ohio increased its position in shares of Axalta Coating Systems by 7.5% in the third quarter. Strs Ohio now owns 61,827 shares of the specialty chemicals company's stock valued at $1,663,000 after buying an additional 4,317 shares in the last quarter. Finally, Advisor Partners II LLC purchased a new position in shares of Axalta Coating Systems in the third quarter valued at $497,000. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Up 0.8 %

NYSE AXTA traded up $0.28 on Monday, reaching $35.48. The stock had a trading volume of 2,339,072 shares, compared to its average volume of 2,146,328. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 1.01 and a beta of 1.51. The business has a 50 day moving average price of $32.90 and a 200 day moving average price of $32.02. Axalta Coating Systems Ltd. has a 1 year low of $25.03 and a 1 year high of $35.59. The company has a current ratio of 2.07, a quick ratio of 1.51 and a debt-to-equity ratio of 1.92.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.40 by $0.08. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The firm had revenue of $1.30 billion during the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the firm posted $0.35 EPS. The company's revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts forecast that Axalta Coating Systems Ltd. will post 1.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AXTA shares. Royal Bank of Canada raised their price objective on Axalta Coating Systems from $39.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday. Barclays raised their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the company an "overweight" rating in a report on Thursday. KeyCorp raised their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the company an "overweight" rating in a report on Thursday. Wells Fargo & Company lifted their price objective on Axalta Coating Systems from $31.00 to $33.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 9th. Finally, Citigroup lifted their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the stock a "buy" rating in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $38.00.

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.