Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd increased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 326.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,895 shares of the specialty chemicals company’s stock after purchasing an additional 21,352 shares during the period. XTX Topco Ltd’s holdings in Axalta Coating Systems were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Axalta Coating Systems by 68.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock valued at $1,310,000 after buying an additional 14,704 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Axalta Coating Systems by 3.0% in the 2nd quarter. Federated Hermes Inc. now owns 896,188 shares of the specialty chemicals company’s stock valued at $30,623,000 after buying an additional 25,717 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Axalta Coating Systems by 126.7% in the 2nd quarter. AQR Capital Management LLC now owns 794,454 shares of the specialty chemicals company’s stock valued at $26,817,000 after buying an additional 443,946 shares during the period. Savant Capital LLC acquired a new position in shares of Axalta Coating Systems in the 2nd quarter valued at about $541,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Axalta Coating Systems by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock valued at $128,852,000 after buying an additional 302,752 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

AXTA stock opened at $39.21 on Wednesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The business has a 50 day simple moving average of $38.20 and a 200-day simple moving average of $36.19. The firm has a market capitalization of $8.55 billion, a PE ratio of 26.49, a price-to-earnings-growth ratio of 0.86 and a beta of 1.44. 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 posted its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 earnings per share. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AXTA. BMO Capital Markets upped their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Evercore ISI began coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price target for the company. KeyCorp upped 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. Royal Bank of Canada upped their price target on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Barclays upped their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average 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.