Dynamic Technology Lab Private Ltd Boosts Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Dynamic Technology Lab Private Ltd grew its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 68.4% in the third quarter, Holdings Channel reports. The institutional investor owned 36,191 shares of the specialty chemicals company’s stock after buying an additional 14,704 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Axalta Coating Systems were worth $1,310,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its holdings in Axalta Coating Systems by 9.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock worth $222,000 after purchasing an additional 530 shares in the last quarter. Tidal Investments LLC raised its stake in shares of Axalta Coating Systems by 51.3% during the 1st quarter. Tidal Investments LLC now owns 23,311 shares of the specialty chemicals company’s stock worth $802,000 after buying an additional 7,901 shares in the last quarter. Westwood Holdings Group Inc. lifted its holdings in shares of Axalta Coating Systems by 1,424.5% in the 1st quarter. Westwood Holdings Group Inc. now owns 545,089 shares of the specialty chemicals company’s stock valued at $18,746,000 after buying an additional 509,333 shares during the period. SG Capital Management LLC purchased a new stake in shares of Axalta Coating Systems in the first quarter valued at approximately $11,280,000. Finally, GAMMA Investing LLC grew its holdings in Axalta Coating Systems by 111.5% during the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 747 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. KeyCorp raised their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Royal Bank of Canada raised their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. upped 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 report on Monday, August 5th. Barclays lifted their price target on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Robert W. Baird upped their price target on Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Axalta Coating Systems has an average rating of “Buy” and a consensus price target of $42.45.

Axalta Coating Systems Price Performance

AXTA stock opened at $40.67 on Wednesday. The stock’s 50 day moving average price is $37.52 and its 200 day moving average price is $35.88. The firm has a market cap of $8.87 billion, a P/E ratio of 27.48, a PEG ratio of 0.87 and a beta of 1.43. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. Axalta Coating Systems Ltd. has a 1 year low of $30.40 and a 1 year high of $41.65.

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