KBC Group NV Makes New Investment in Axalta Coating Systems Ltd. (NYSE:AXTA)

KBC Group NV acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTAFree Report) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 3,996 shares of the specialty chemicals company’s stock, valued at approximately $136,000.

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in Axalta Coating Systems by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 338 shares in the last quarter. TFO Wealth Partners LLC boosted its holdings in shares of Axalta Coating Systems by 12,022.2% in the 4th quarter. TFO Wealth Partners LLC now owns 1,091 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 1,082 shares during the period. CWM LLC boosted its holdings in shares of Axalta Coating Systems by 23.2% in the 4th quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock valued at $104,000 after buying an additional 575 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of Axalta Coating Systems by 146.1% in the 4th quarter. Quadrant Capital Group LLC now owns 3,271 shares of the specialty chemicals company’s stock valued at $111,000 after buying an additional 1,942 shares during the period. Finally, ASB Consultores LLC acquired a new position in shares of Axalta Coating Systems in the 3rd quarter valued at about $202,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AXTA has been the subject of several research reports. Wolfe Research initiated coverage on shares of Axalta Coating Systems in a report on Friday, March 1st. They issued a “peer perform” rating for the company. Citigroup lifted their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Mizuho lifted their price target on shares of Axalta Coating Systems from $38.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. JPMorgan Chase & Co. lifted their price target on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. Finally, BMO Capital Markets boosted their target price on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.23.

Read Our Latest Research Report on AXTA

Axalta Coating Systems Stock Up 0.3 %

AXTA stock opened at $36.15 on Tuesday. Axalta Coating Systems Ltd. has a 52 week low of $25.03 and a 52 week high of $36.76. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 0.90 and a beta of 1.51. The firm’s 50-day moving average is $34.06 and its two-hundred day moving average is $33.24. The company has a current ratio of 2.07, a quick ratio of 1.51 and a debt-to-equity ratio of 1.92.

Axalta Coating Systems (NYSE:AXTAGet Free Report) last released its quarterly earnings results on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.08. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $0.35 EPS. Axalta Coating Systems’s revenue was up 1.3% on a year-over-year basis. On average, analysts forecast that Axalta Coating Systems Ltd. will post 1.99 earnings per share for the current fiscal year.

Axalta Coating Systems Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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