Janney Montgomery Scott LLC Buys 323 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Janney Montgomery Scott LLC boosted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,951 shares of the specialty chemicals company’s stock after purchasing an additional 323 shares during the period. Janney Montgomery Scott LLC’s holdings in Axalta Coating Systems were worth $820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AXTA. Creative Planning lifted its holdings in shares of Axalta Coating Systems by 45.7% during the 2nd quarter. Creative Planning now owns 8,551 shares of the specialty chemicals company’s stock valued at $292,000 after buying an additional 2,682 shares during the period. Truist Financial Corp increased its position in Axalta Coating Systems by 41.6% during the second quarter. Truist Financial Corp now owns 55,974 shares of the specialty chemicals company’s stock valued at $1,913,000 after acquiring an additional 16,438 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Axalta Coating Systems in the second quarter valued at about $540,000. Handelsbanken Fonder AB boosted its position in Axalta Coating Systems by 26.9% in the third quarter. Handelsbanken Fonder AB now owns 57,500 shares of the specialty chemicals company’s stock worth $2,081,000 after purchasing an additional 12,200 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Axalta Coating Systems by 56.0% during the 3rd quarter. GAMMA Investing LLC now owns 2,210 shares of the specialty chemicals company’s stock valued at $80,000 after purchasing an additional 793 shares during the period. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AXTA. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research note on Friday, January 17th. Royal Bank of Canada increased 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 report on Friday, November 1st. Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective for the company. BMO Capital Markets upped their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Finally, Mizuho lowered their target price on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $38.09 on Friday. 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 52 week low of $30.40 and a 52 week high of $41.65. The stock’s 50-day simple moving average is $36.46 and its 200-day simple moving average is $36.40. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 0.74 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, analysts expect that Axalta Coating Systems Ltd. will post 2.15 earnings per share for the current fiscal year.

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.