Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 407.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 237,846 shares of the specialty chemicals company’s stock after purchasing an additional 190,989 shares during the quarter. American Century Companies Inc. owned approximately 0.11% of Axalta Coating Systems worth $8,127,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. TFO Wealth Partners LLC increased its holdings 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 buying an additional 1,082 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in shares of Axalta Coating Systems in the 4th quarter valued at approximately $48,000. GAMMA Investing LLC increased its holdings in shares of Axalta Coating Systems by 111.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 747 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at approximately $71,000. Finally, Kapitalo Investimentos Ltda bought a new position in Axalta Coating Systems during the fourth quarter worth $88,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Performance

Shares of AXTA opened at $36.32 on Tuesday. Axalta Coating Systems Ltd. has a 52-week low of $25.03 and a 52-week high of $37.49. The firm has a market capitalization of $8.01 billion, a PE ratio of 32.72, a P/E/G ratio of 0.81 and a beta of 1.44. The firm has a 50-day moving average price of $35.09 and a 200 day moving average price of $34.47. The company has a quick ratio of 1.70, a current ratio of 2.26 and a debt-to-equity ratio of 1.97.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.06. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Axalta Coating Systems had a return on equity of 24.28% and a net margin of 5.69%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.35 EPS. On average, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

AXTA has been the topic of a number of research reports. Barclays increased their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. UBS Group dropped their price objective on shares of Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. KeyCorp increased their price target on Axalta Coating Systems from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Royal Bank of Canada upped their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their target price on Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $41.00.

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.