Sanctuary Advisors LLC Has $668,000 Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Sanctuary Advisors LLC boosted its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,452 shares of the specialty chemicals company’s stock after acquiring an additional 1,169 shares during the period. Sanctuary Advisors LLC’s holdings in Axalta Coating Systems were worth $668,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its position in Axalta Coating Systems by 332.1% during the third quarter. TD Private Client Wealth LLC now owns 6,088 shares of the specialty chemicals company’s stock valued at $220,000 after acquiring an additional 4,679 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock valued at $132,823,000 after purchasing an additional 31,894 shares during the period. Vestcor Inc bought a new stake in shares of Axalta Coating Systems during the 3rd quarter valued at about $667,000. Barclays PLC grew its stake in Axalta Coating Systems by 50.4% during the third quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company’s stock worth $5,589,000 after purchasing an additional 51,748 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in Axalta Coating Systems by 2.6% in the third quarter. Public Employees Retirement System of Ohio now owns 86,171 shares of the specialty chemicals company’s stock worth $3,119,000 after purchasing an additional 2,198 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analysts Set New Price Targets

AXTA has been the topic of a number of research analyst reports. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. 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 note on Friday, November 1st. Royal Bank of Canada increased their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Citigroup downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $45.00 to $41.00 in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.50.

Axalta Coating Systems Price Performance

AXTA opened at $34.44 on Wednesday. Axalta Coating Systems Ltd. has a 1 year low of $30.40 and a 1 year high of $41.65. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 0.83 and a beta of 1.44. The firm’s fifty day moving average price is $38.32 and its two-hundred day moving average price is $36.29.

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, topping 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 during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the firm posted $0.45 EPS. The firm’s quarterly revenue was up .8% compared to the same quarter last year. As a group, analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal 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.