KBC Group NV Has $212,000 Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

KBC Group NV boosted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 13.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,859 shares of the specialty chemicals company’s stock after acquiring an additional 716 shares during the period. KBC Group NV’s holdings in Axalta Coating Systems were worth $212,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new stake in Axalta Coating Systems in the second quarter valued at $30,000. GAMMA Investing LLC raised its position in shares of Axalta Coating Systems by 111.5% during the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock worth $48,000 after acquiring an additional 747 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Axalta Coating Systems in the third quarter worth approximately $54,000. UMB Bank n.a. boosted its holdings in Axalta Coating Systems by 90.2% in the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock valued at $56,000 after acquiring an additional 733 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in Axalta Coating Systems by 30.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company’s stock valued at $71,000 after purchasing an additional 455 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $38.90 on Thursday. The business has a 50 day moving average of $37.08 and a 200 day moving average of $35.76. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. The company has a market cap of $8.48 billion, a PE ratio of 26.28, a P/E/G ratio of 0.86 and a beta of 1.43. Axalta Coating Systems Ltd. has a 52 week low of $30.40 and a 52 week high of $40.91.

Axalta Coating Systems (NYSE:AXTA) last posted 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. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AXTA shares. Robert W. Baird boosted their target price on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Evercore ISI initiated coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 target price for the company. Mizuho boosted their price target on Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. KeyCorp lifted their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada lifted 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. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $42.45.

Axalta Coating Systems 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.