Wilmington Savings Fund Society FSB Invests $117,000 in Axalta Coating Systems Ltd. (NYSE:AXTA)

Wilmington Savings Fund Society FSB purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,221 shares of the specialty chemicals company’s stock, valued at approximately $117,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AXTA. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Axalta Coating Systems by 0.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company’s stock valued at $512,890,000 after purchasing an additional 137,209 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Axalta Coating Systems by 5.6% in the 2nd quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock valued at $355,479,000 after purchasing an additional 550,970 shares during the period. State Street Corp grew its holdings in Axalta Coating Systems by 0.7% in the 3rd quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company’s stock valued at $246,923,000 after buying an additional 46,813 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Axalta Coating Systems by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock worth $128,852,000 after buying an additional 302,752 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Axalta Coating Systems by 0.9% during the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after buying an additional 31,894 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Trading Down 1.6 %

NYSE AXTA opened at $34.44 on Friday. The firm has a market capitalization of $7.51 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 0.83 and a beta of 1.44. The business’s 50-day moving average price is $38.42 and its two-hundred day moving average price is $36.31. 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 12 month low of $30.40 and a 12 month high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 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 analysts’ expectations of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. On average, analysts expect that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AXTA. Royal Bank of Canada upped their price target 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. Deutsche Bank Aktiengesellschaft reduced their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday. BMO Capital Markets upped their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Barclays lifted their target price on 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, KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Axalta Coating Systems has an average rating of “Moderate Buy” and an average price target of $42.50.

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.