UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 381,488 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 151.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 633,017 shares of the specialty chemicals company’s stock after buying an additional 381,488 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.29% of Axalta Coating Systems worth $22,909,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several analysts recently weighed in on AXTA shares. KeyCorp upped their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. BMO Capital Markets upped their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Mizuho upped their target price on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Barclays upped their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Finally, Evercore ISI assumed coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 target price for the company. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $42.45.

Axalta Coating Systems Trading Down 1.5 %

Shares of AXTA stock opened at $39.99 on Friday. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 0.87 and a beta of 1.44. The stock has a 50-day moving average of $38.07 and a 200-day moving average of $36.11. 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 1-year low of $30.40 and a 1-year high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results 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. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The business’s quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

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.