BNP Paribas Financial Markets raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 2,220.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 252,673 shares of the specialty chemicals company's stock after buying an additional 241,784 shares during the period. BNP Paribas Financial Markets owned about 0.11% of Axalta Coating Systems worth $8,583,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas boosted its holdings in shares of Axalta Coating Systems by 40.3% in the fourth quarter. Teacher Retirement System of Texas now owns 73,066 shares of the specialty chemicals company's stock valued at $2,482,000 after purchasing an additional 21,004 shares during the period. Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Axalta Coating Systems in the fourth quarter valued at approximately $12,382,000. Principal Securities Inc. purchased a new stake in shares of Axalta Coating Systems in the fourth quarter valued at approximately $569,000. Locust Wood Capital Advisers LLC purchased a new stake in shares of Axalta Coating Systems in the fourth quarter valued at approximately $66,346,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Axalta Coating Systems by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,407,733 shares of the specialty chemicals company's stock valued at $47,821,000 after purchasing an additional 28,809 shares during the period. Hedge funds and other institutional investors own 98.28% of the company's stock.
Axalta Coating Systems Stock Performance
Shares of NYSE AXTA traded up $0.28 during mid-day trading on Friday, hitting $35.64. The stock had a trading volume of 1,919,172 shares, compared to its average volume of 3,044,616. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.51 and a current ratio of 2.07. The company has a 50 day moving average of $33.51 and a two-hundred day moving average of $32.58. Axalta Coating Systems Ltd. has a twelve month low of $25.03 and a twelve month high of $36.76. The firm has a market cap of $7.86 billion, a PE ratio of 32.11, a PEG ratio of 0.96 and a beta of 1.51.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share (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 for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm earned $0.35 EPS. The firm's revenue was up 1.3% on a year-over-year basis. Research analysts predict that Axalta Coating Systems Ltd. will post 1.99 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on AXTA. Barclays boosted their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. boosted their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. KeyCorp boosted their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday, May 2nd. BMO Capital Markets boosted their price objective on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the stock an "outperform" rating in a research note on Thursday, May 2nd. Finally, Robert W. Baird boosted their price objective on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $38.00.
Check Out Our Latest Stock Analysis on AXTA
About Axalta Coating Systems
(
Free Report)
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.
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