Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Wealth Enhancement Advisory Services LLC lifted its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 41.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,308 shares of the specialty chemicals company’s stock after purchasing an additional 5,667 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Axalta Coating Systems were worth $699,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AXTA. Signaturefd LLC boosted its stake in Axalta Coating Systems by 14.1% in the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock worth $130,000 after buying an additional 444 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Axalta Coating Systems by 0.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock worth $3,778,000 after acquiring an additional 453 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Axalta Coating Systems by 9.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock valued at $222,000 after purchasing an additional 530 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Axalta Coating Systems by 90.2% during the 3rd quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock valued at $56,000 after purchasing an additional 733 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Axalta Coating Systems by 111.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock worth $48,000 after purchasing an additional 747 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AXTA shares. JPMorgan Chase & Co. raised their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Barclays raised their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their price objective on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Mizuho raised their target price 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. Finally, KeyCorp lifted their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.70.

Axalta Coating Systems Stock Up 2.8 %

Shares of Axalta Coating Systems stock opened at $39.50 on Thursday. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. Axalta Coating Systems Ltd. has a 12-month low of $28.95 and a 12-month high of $40.10. The company has a market cap of $8.61 billion, a P/E ratio of 26.69, a PEG ratio of 0.81 and a beta of 1.43. The company’s fifty day simple moving average is $36.16 and its two-hundred day simple moving average is $35.23.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating 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 earned $0.45 earnings per share. Axalta Coating Systems’s quarterly revenue was up .8% on a year-over-year basis. Research analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 EPS for the current 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.