Stifel Financial Corp Has $1.27 Million Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Stifel Financial Corp lessened its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 34,977 shares of the specialty chemicals company’s stock after selling 612 shares during the period. Stifel Financial Corp’s holdings in Axalta Coating Systems were worth $1,266,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Axalta Coating Systems by 0.9% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company’s stock worth $512,890,000 after acquiring an additional 137,209 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Axalta Coating Systems by 5.6% in the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock worth $355,479,000 after purchasing an additional 550,970 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Axalta Coating Systems by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock worth $128,852,000 after purchasing an additional 302,752 shares during the period. The Manufacturers Life Insurance Company grew its position in Axalta Coating Systems by 19.5% during the second quarter. The Manufacturers Life Insurance Company now owns 2,914,764 shares of the specialty chemicals company’s stock valued at $99,597,000 after purchasing an additional 475,493 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Axalta Coating Systems by 89.7% in the 2nd quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock valued at $93,411,000 after buying an additional 1,292,434 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $34.40 on Monday. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $41.65. 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 stock has a market cap of $7.50 billion, a P/E ratio of 23.24, a PEG ratio of 0.83 and a beta of 1.44. The company’s 50-day simple moving average is $38.37 and its 200 day simple moving average is $36.30.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. As a group, research analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AXTA shares. Royal Bank of Canada lifted their target price on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Evercore ISI assumed coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday. Mizuho lifted their price target on Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Axalta Coating Systems presently has an average rating of “Moderate Buy” and an average target price of $42.50.

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.