Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. boosted its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 11.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,991,660 shares of the specialty chemicals company’s stock after acquiring an additional 205,085 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Axalta Coating Systems were worth $72,078,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AXTA. Vanguard Group Inc. grew its position in shares of Axalta Coating Systems by 2.4% in 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 during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Axalta Coating Systems by 0.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company’s stock valued at $512,890,000 after acquiring an additional 137,209 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Axalta Coating Systems by 5.6% during the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock worth $355,479,000 after purchasing an additional 550,970 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Axalta Coating Systems by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock worth $128,852,000 after purchasing an additional 302,752 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Axalta Coating Systems by 19.5% during the second quarter. The Manufacturers Life Insurance Company now owns 2,914,764 shares of the specialty chemicals company’s stock worth $99,597,000 after purchasing an additional 475,493 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $40.29 on Friday. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 0.87 and a beta of 1.43. The business’s 50 day moving average is $36.79 and its two-hundred day moving average is $35.67. Axalta Coating Systems Ltd. has a 12-month low of $30.40 and a 12-month high of $40.91. 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 (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 analysts’ consensus estimates of $0.51 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. Research analysts expect that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AXTA. Robert W. Baird raised their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Barclays lifted their price objective on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. BMO Capital Markets increased their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday. KeyCorp raised their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $42.45.

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.