The Manufacturers Life Insurance Company Has $103.77 Million Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

The Manufacturers Life Insurance Company decreased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 2,867,432 shares of the specialty chemicals company’s stock after selling 47,332 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Axalta Coating Systems were worth $103,772,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its stake 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 acquiring an additional 530 shares in the last quarter. Tidal Investments LLC boosted its position in Axalta Coating Systems by 51.3% in the first quarter. Tidal Investments LLC now owns 23,311 shares of the specialty chemicals company’s stock valued at $802,000 after buying an additional 7,901 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Axalta Coating Systems by 1,424.5% during the first quarter. Westwood Holdings Group Inc. now owns 545,089 shares of the specialty chemicals company’s stock worth $18,746,000 after buying an additional 509,333 shares during the last quarter. SG Capital Management LLC acquired a new position in shares of Axalta Coating Systems during the first quarter worth $11,280,000. Finally, GAMMA Investing LLC lifted its stake in shares of Axalta Coating Systems by 111.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock valued at $48,000 after acquiring an additional 747 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analyst Ratings Changes

AXTA has been the topic of a number of research reports. Barclays boosted their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. KeyCorp upped their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Robert W. Baird lifted their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, August 2nd. Evercore ISI initiated coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $42.45.

Axalta Coating Systems Trading Down 1.5 %

AXTA opened at $40.67 on Wednesday. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $41.65. The company has a fifty day moving average of $37.52 and a 200-day moving average of $35.88. The stock has a market cap of $8.87 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. 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 (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating 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 in the prior year, the firm posted $0.45 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. On average, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.16 EPS for the current 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.