KBC Group NV Raises Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

KBC Group NV raised its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 13.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,859 shares of the specialty chemicals company’s stock after purchasing an additional 716 shares during the quarter. KBC Group NV’s holdings in Axalta Coating Systems were worth $212,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AXTA. Vanguard Group Inc. grew its holdings 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 buying an additional 554,806 shares in the last quarter. Toronto Dominion Bank purchased a new position in shares of Axalta Coating Systems during the first quarter valued at approximately $12,556,000. Federated Hermes Inc. lifted its holdings in 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 buying an additional 25,717 shares in the last quarter. AQR Capital Management LLC grew its stake in Axalta Coating Systems by 126.7% in the second quarter. AQR Capital Management LLC now owns 794,454 shares of the specialty chemicals company’s stock worth $26,817,000 after purchasing an additional 443,946 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Axalta Coating Systems by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock valued at $128,852,000 after purchasing an additional 302,752 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AXTA. BMO Capital Markets increased their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Royal Bank of Canada upped their price target 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. Mizuho upped their target price on Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. KeyCorp lifted their price objective 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. Finally, 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 research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $42.45.

Axalta Coating Systems Stock Up 0.2 %

Shares of NYSE AXTA opened at $38.90 on Thursday. The business has a 50-day moving average of $37.08 and a two-hundred day moving average of $35.76. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 0.86 and a beta of 1.43. Axalta Coating Systems Ltd. has a 1 year low of $30.40 and a 1 year high of $40.91. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42.

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

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.