Goldman Sachs Group Inc. lifted its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Free Report) by 70.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,027,372 shares of the specialty chemicals company’s stock after purchasing an additional 425,173 shares during the period. Goldman Sachs Group Inc. owned 0.47% of Axalta Coating Systems worth $34,900,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Bank of Nova Scotia bought a new stake in shares of Axalta Coating Systems during the fourth quarter worth $1,736,000. Wellington Management Group LLP lifted its stake in shares of Axalta Coating Systems by 9.0% during the third quarter. Wellington Management Group LLP now owns 4,657,696 shares of the specialty chemicals company’s stock valued at $125,292,000 after acquiring an additional 382,949 shares during the period. Hawk Ridge Capital Management LP lifted its stake in shares of Axalta Coating Systems by 49.3% during the third quarter. Hawk Ridge Capital Management LP now owns 2,952,198 shares of the specialty chemicals company’s stock valued at $79,414,000 after acquiring an additional 974,973 shares during the period. Assetmark Inc. lifted its stake in shares of Axalta Coating Systems by 13.0% during the fourth quarter. Assetmark Inc. now owns 251,081 shares of the specialty chemicals company’s stock valued at $8,529,000 after acquiring an additional 28,836 shares during the period. Finally, Trexquant Investment LP acquired a new position in shares of Axalta Coating Systems during the fourth quarter valued at $9,385,000. Institutional investors own 98.28% of the company’s stock.
Axalta Coating Systems Price Performance
NYSE AXTA opened at $34.62 on Friday. The business has a 50 day simple moving average of $34.44 and a 200 day simple moving average of $33.44. Axalta Coating Systems Ltd. has a 52-week low of $25.03 and a 52-week high of $36.98. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.51 and a current ratio of 2.07. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 0.86 and a beta of 1.51.
Analyst Ratings Changes
Several equities analysts have recently issued reports on AXTA shares. Wells Fargo & Company raised Axalta Coating Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 11th. Mizuho upped their price target on Axalta Coating Systems from $38.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Wolfe Research started coverage on Axalta Coating Systems in a research note on Friday, March 1st. They set a “peer perform” rating on the stock. BMO Capital Markets upped their price target on Axalta Coating Systems from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Royal Bank of Canada raised their target price on Axalta Coating Systems from $39.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Axalta Coating Systems has an average rating of “Moderate Buy” and a consensus price target of $38.23.
Read Our Latest Analysis on Axalta Coating Systems
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.
Read More
- Five stocks we like better than Axalta Coating Systems
- About the Markup Calculator
- Sarepta Therapeutics Stock Soars on FDA Approval
- What is Put Option Volume?
- CarMax: A Market Melt-Up Waiting to Happen for this Stock
- Short Selling: How to Short a Stock
- 3 Solar Stocks to Watch that are Building the Green Energy Future
Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.