TD Private Client Wealth LLC Has $220,000 Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

TD Private Client Wealth LLC grew its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 332.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,088 shares of the specialty chemicals company’s stock after purchasing an additional 4,679 shares during the period. TD Private Client Wealth LLC’s holdings in Axalta Coating Systems were worth $220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AXTA. Millennium Management LLC grew its position in Axalta Coating Systems by 89.7% during the second quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock worth $93,411,000 after buying an additional 1,292,434 shares in the last quarter. Interval Partners LP grew its holdings in shares of Axalta Coating Systems by 716.6% during the 2nd quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company’s stock worth $41,857,000 after purchasing an additional 1,074,961 shares in the last quarter. PointState Capital LP bought a new stake in shares of Axalta Coating Systems during the third quarter valued at approximately $30,257,000. Victory Capital Management Inc. raised its stake in shares of Axalta Coating Systems by 5.6% in the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock valued at $355,479,000 after purchasing an additional 550,970 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Axalta Coating Systems by 59.7% in the second quarter. Renaissance Technologies LLC now owns 1,329,700 shares of the specialty chemicals company’s stock worth $45,436,000 after purchasing an additional 497,000 shares during the period. Institutional investors own 98.28% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AXTA shares. Barclays boosted their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Mizuho increased their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Royal Bank of Canada raised their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets upped their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Finally, Evercore ISI started coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 target price for the company. Two investment 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. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $42.45.

Axalta Coating Systems Trading Down 2.1 %

AXTA stock opened at $38.23 on Friday. 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 stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 0.83 and a beta of 1.44. The business has a fifty day moving average price of $38.46 and a 200 day moving average price of $36.29. Axalta Coating Systems Ltd. has a fifty-two week low of $30.40 and a fifty-two week high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last announced its 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 company 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 firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.45 earnings per share. Analysts expect that Axalta Coating Systems Ltd. will post 2.16 EPS for the current fiscal year.

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.