Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Acquired by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 27.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,000 shares of the specialty chemicals company’s stock after acquiring an additional 4,800 shares during the period. Chesapeake Capital Corp IL’s holdings in Axalta Coating Systems were worth $820,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Axalta Coating Systems by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock valued at $817,230,000 after acquiring an additional 554,806 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Axalta Coating Systems during the 1st quarter valued at approximately $1,745,000. Toronto Dominion Bank purchased a new position in shares of Axalta Coating Systems during the 1st quarter valued at approximately $12,556,000. Federated Hermes Inc. increased its holdings in shares of Axalta Coating Systems by 3.0% during the 2nd quarter. Federated Hermes Inc. now owns 896,188 shares of the specialty chemicals company’s stock valued at $30,623,000 after purchasing an additional 25,717 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Axalta Coating Systems by 126.7% during the 2nd quarter. AQR Capital Management LLC now owns 794,454 shares of the specialty chemicals company’s stock valued at $26,817,000 after purchasing an additional 443,946 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Down 0.9 %

Shares of AXTA opened at $40.29 on Friday. Axalta Coating Systems Ltd. has a 52-week low of $30.40 and a 52-week high of $40.91. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. The firm’s fifty day moving average is $36.79 and its two-hundred day moving average is $35.67. The stock has a market cap of $8.79 billion, a PE ratio of 27.22, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company posted $0.45 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. Research analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price 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. Evercore ISI assumed coverage on shares of Axalta Coating Systems in a report on Wednesday. They set an “outperform” rating and a $47.00 target price for the company. KeyCorp lifted their target price 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. Robert W. Baird boosted their price target on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Mizuho boosted their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. 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. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $42.45.

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.