Natixis Advisors LLC Has $24.20 Million Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Natixis Advisors LLC lifted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 2.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 668,654 shares of the specialty chemicals company’s stock after acquiring an additional 15,469 shares during the period. Natixis Advisors LLC owned 0.31% of Axalta Coating Systems worth $24,198,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AXTA. Blair William & Co. IL lifted its position in shares of Axalta Coating Systems by 18.6% during the 1st quarter. Blair William & Co. IL now owns 14,902 shares of the specialty chemicals company’s stock valued at $512,000 after acquiring an additional 2,339 shares during the period. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 554,806 shares during the period. Edgestream Partners L.P. acquired a new position in Axalta Coating Systems during the first quarter worth $1,745,000. O Shaughnessy Asset Management LLC raised its holdings in Axalta Coating Systems by 9.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock worth $222,000 after buying an additional 530 shares during the last quarter. Finally, National Bank of Canada FI raised its holdings in Axalta Coating Systems by 109.7% during the first quarter. National Bank of Canada FI now owns 746,300 shares of the specialty chemicals company’s stock worth $26,897,000 after buying an additional 390,400 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

AXTA opened at $39.91 on Tuesday. The firm has a market cap of $8.70 billion, a P/E ratio of 26.97, a PEG ratio of 0.86 and a beta of 1.43. The firm has a 50-day moving average of $36.90 and a 200 day moving average of $35.71. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. Axalta Coating Systems Ltd. has a fifty-two week low of $30.40 and a fifty-two week high of $40.91.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on AXTA shares. JPMorgan Chase & Co. upped their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Evercore ISI started coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective on the stock. BMO Capital Markets upped their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Robert W. Baird upped their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, Mizuho increased their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Axalta Coating Systems has a consensus rating of “Buy” and a consensus target price of $42.45.

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.