MML Investors Services LLC Boosts Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

MML Investors Services LLC raised its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 8.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 67,897 shares of the specialty chemicals company’s stock after purchasing an additional 5,425 shares during the quarter. MML Investors Services LLC’s holdings in Axalta Coating Systems were worth $2,457,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AXTA. Millennium Management LLC grew its position in Axalta Coating Systems by 89.7% in the second quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock worth $93,411,000 after acquiring an additional 1,292,434 shares in the last quarter. Interval Partners LP increased its position in shares of Axalta Coating Systems by 716.6% during the 2nd quarter. Interval Partners LP now owns 1,224,961 shares of the specialty chemicals company’s stock valued at $41,857,000 after purchasing an additional 1,074,961 shares during the last quarter. PointState Capital LP purchased a new stake in Axalta Coating Systems during the 3rd quarter valued at $30,257,000. Victory Capital Management Inc. lifted its position in Axalta Coating Systems by 5.6% in the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock worth $355,479,000 after buying an additional 550,970 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Axalta Coating Systems by 59.7% during the second quarter. Renaissance Technologies LLC now owns 1,329,700 shares of the specialty chemicals company’s stock worth $45,436,000 after buying an additional 497,000 shares during the period. Institutional investors own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

AXTA has been the subject of several analyst reports. Mizuho raised their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets raised their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. KeyCorp upped their target price 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. Barclays raised their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada boosted their price objective on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $42.45.

Axalta Coating Systems Price Performance

Shares of AXTA stock opened at $38.23 on Monday. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $41.65. The stock has a fifty day simple moving average of $38.46 and a two-hundred day simple moving average of $36.30. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of 25.83, a P/E/G ratio of 0.83 and a beta of 1.44.

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. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. Axalta Coating Systems’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.45 earnings per share. On average, analysts predict that Axalta Coating Systems Ltd. will post 2.16 EPS 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.