Daiwa Securities Group Inc. Takes $214,000 Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Daiwa Securities Group Inc. acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,900 shares of the specialty chemicals company’s stock, valued at approximately $214,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. lifted its position in shares of Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 266 shares during the last quarter. Signaturefd LLC lifted its position in Axalta Coating Systems by 14.1% during the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock valued at $130,000 after acquiring an additional 444 shares during the last quarter. Wedge Capital Management L L P NC lifted its position in Axalta Coating Systems by 0.4% during the second quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock valued at $3,778,000 after acquiring an additional 453 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in Axalta Coating Systems by 30.2% in the third quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company’s stock worth $71,000 after purchasing an additional 455 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of Axalta Coating Systems by 4.4% during the third quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company’s stock worth $404,000 after purchasing an additional 473 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $40.46 on Monday. Axalta Coating Systems Ltd. has a fifty-two week low of $30.40 and a fifty-two week high of $41.65. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. The firm has a market capitalization of $8.82 billion, a P/E ratio of 27.34, a PEG ratio of 0.87 and a beta of 1.43. The stock has a 50-day simple moving average of $37.77 and a two-hundred day simple moving average of $35.98.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company earned $0.45 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on AXTA. BMO Capital Markets upped their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Evercore ISI started coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Mizuho upped their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada lifted their price objective 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. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Axalta Coating Systems has an average rating of “Buy” and a consensus target price of $42.45.

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.