Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Bought by KBC Group NV

KBC Group NV grew its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 53.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,996 shares of the specialty chemicals company’s stock after buying an additional 3,137 shares during the quarter. KBC Group NV’s holdings in Axalta Coating Systems were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Eagle Bay Advisors LLC lifted its holdings in shares of Axalta Coating Systems by 116.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 443 shares during the period. True Wealth Design LLC acquired a new stake in Axalta Coating Systems in the 3rd quarter valued at about $37,000. First Horizon Advisors Inc. boosted its position in shares of Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Axalta Coating Systems in the 3rd quarter worth approximately $41,000. Finally, Capital Performance Advisors LLP acquired a new stake in Axalta Coating Systems during the third quarter valued at approximately $54,000. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

Shares of AXTA opened at $35.00 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. Axalta Coating Systems Ltd. has a 12 month low of $30.40 and a 12 month high of $41.65. The company’s fifty day moving average is $36.70 and its 200-day moving average is $36.37. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 0.74 and a beta of 1.46.

Wall Street Analyst Weigh In

Several research analysts have issued reports on AXTA shares. Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a report on Friday, January 17th. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Citigroup lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their price target for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets lifted their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. Three investment 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

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.