Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,271 shares of the specialty chemicals company’s stock after buying an additional 4,477 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Axalta Coating Systems were worth $1,674,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. CWM LLC grew its position in Axalta Coating Systems by 35.6% in the 3rd quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock valued at $67,000 after acquiring an additional 649 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Axalta Coating Systems by 20.3% in the third quarter. Verdence Capital Advisors LLC now owns 12,700 shares of the specialty chemicals company’s stock valued at $342,000 after purchasing an additional 2,143 shares during the period. Mackenzie Financial Corp grew its stake in Axalta Coating Systems by 0.5% in the third quarter. Mackenzie Financial Corp now owns 172,500 shares of the specialty chemicals company’s stock worth $4,663,000 after purchasing an additional 900 shares in the last quarter. Strs Ohio increased its holdings in Axalta Coating Systems by 7.5% during the 3rd quarter. Strs Ohio now owns 61,827 shares of the specialty chemicals company’s stock worth $1,663,000 after purchasing an additional 4,317 shares during the period. Finally, Advisor Partners II LLC bought a new stake in Axalta Coating Systems during the 3rd quarter valued at $497,000. Institutional investors own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AXTA shares. Citigroup increased their price target on Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. raised their target price on shares of Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Wolfe Research started coverage on shares of Axalta Coating Systems in a research report on Friday, March 1st. They issued a “peer perform” rating for the company. Wells Fargo & Company lifted their price objective on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, January 9th. Finally, UBS Group lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and upped their target price for the stock from $35.00 to $36.00 in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $35.70.

Axalta Coating Systems Stock Performance

Shares of AXTA opened at $31.11 on Thursday. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 1.96. The firm has a market cap of $6.85 billion, a PE ratio of 25.93, a P/E/G ratio of 1.02 and a beta of 1.51. Axalta Coating Systems Ltd. has a 12 month low of $25.03 and a 12 month high of $34.53. The stock has a fifty day moving average price of $32.67 and a 200-day moving average price of $31.63.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Equities research analysts predict that Axalta Coating Systems Ltd. will post 1.88 earnings per share for the current fiscal year.

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.