National Bank of Canada FI Purchases 390,400 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

National Bank of Canada FI raised its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 109.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 746,300 shares of the specialty chemicals company’s stock after purchasing an additional 390,400 shares during the quarter. National Bank of Canada FI owned 0.34% of Axalta Coating Systems worth $26,897,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in Axalta Coating Systems by 47.7% in the fourth quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 338 shares during the period. TFO Wealth Partners LLC increased its stake in Axalta Coating Systems by 12,022.2% in the fourth quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 1,082 shares during the period. Raleigh Capital Management Inc. bought a new stake in Axalta Coating Systems in the fourth quarter valued at about $48,000. Kapitalo Investimentos Ltda bought a new stake in Axalta Coating Systems in the fourth quarter valued at about $88,000. Finally, CWM LLC increased its stake in Axalta Coating Systems by 23.2% in the fourth quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock valued at $104,000 after acquiring an additional 575 shares during the period. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 1.0 %

NYSE AXTA traded up $0.33 during trading hours on Thursday, hitting $34.70. The company’s stock had a trading volume of 1,238,448 shares, compared to its average volume of 2,043,772. The stock has a fifty day moving average of $35.01 and a 200 day moving average of $33.63. Axalta Coating Systems Ltd. has a twelve month low of $25.03 and a twelve month high of $36.98. The firm has a market capitalization of $7.66 billion, a P/E ratio of 31.01, a PEG ratio of 0.90 and a beta of 1.44. The company has a quick ratio of 1.51, a current ratio of 2.07 and a debt-to-equity ratio of 1.92.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.40 by $0.08. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts forecast that Axalta Coating Systems Ltd. will post 1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on AXTA. JPMorgan Chase & Co. boosted their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Barclays boosted their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. Robert W. Baird boosted their price target on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Wells Fargo & Company upgraded shares of Axalta Coating Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 11th. Finally, BMO Capital Markets boosted their price target on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.50.

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.