Harbor Capital Advisors Inc. Buys 201,766 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Harbor Capital Advisors Inc. boosted its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 85.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 438,290 shares of the specialty chemicals company’s stock after purchasing an additional 201,766 shares during the quarter. Axalta Coating Systems makes up approximately 0.7% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 17th largest holding. Harbor Capital Advisors Inc.’s holdings in Axalta Coating Systems were worth $15,862,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Plato Investment Management Ltd purchased a new position in shares of Axalta Coating Systems in the 2nd quarter worth approximately $30,000. GAMMA Investing LLC grew its holdings in Axalta Coating Systems by 111.5% in the second 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 last quarter. UMB Bank n.a. grew its holdings in Axalta Coating Systems by 90.2% in the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock worth $56,000 after purchasing an additional 733 shares during the last quarter. Versant Capital Management Inc acquired a new position in shares of Axalta Coating Systems during the second quarter worth $71,000. Finally, Quarry LP purchased a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at $73,000. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Trading Up 0.2 %

NYSE AXTA opened at $37.98 on Friday. Axalta Coating Systems Ltd. has a 1 year low of $28.69 and a 1 year high of $38.77. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.70. The company has a market capitalization of $8.33 billion, a PE ratio of 25.66, a P/E/G ratio of 0.97 and a beta of 1.44. The company has a fifty day moving average of $35.97 and a 200 day moving average of $35.08.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. Axalta Coating Systems’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts forecast that Axalta Coating Systems Ltd. will post 2.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AXTA shares. KeyCorp upped their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday. UBS Group cut their price objective on shares of Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Robert W. Baird increased their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, August 2nd. Royal Bank of Canada boosted their target price on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Mizuho raised 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. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems presently has an average rating of “Moderate Buy” and an average target price of $41.70.

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.