CANADA LIFE ASSURANCE Co Buys 3,092 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

CANADA LIFE ASSURANCE Co increased its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 181,159 shares of the specialty chemicals company’s stock after buying an additional 3,092 shares during the period. CANADA LIFE ASSURANCE Co owned 0.08% of Axalta Coating Systems worth $6,234,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. National Bank of Canada FI increased its holdings in Axalta Coating Systems by 109.7% in the first quarter. National Bank of Canada FI now owns 746,300 shares of the specialty chemicals company’s stock worth $26,897,000 after purchasing an additional 390,400 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in shares of Axalta Coating Systems by 9.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,450 shares of the specialty chemicals company’s stock valued at $222,000 after acquiring an additional 530 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Axalta Coating Systems during the 1st quarter valued at $1,745,000. Vanguard Group Inc. boosted its stake in Axalta Coating Systems by 2.4% during the first quarter. Vanguard Group Inc. now owns 23,763,601 shares of the specialty chemicals company’s stock worth $817,230,000 after acquiring an additional 554,806 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in Axalta Coating Systems by 12.5% during the first quarter. Westfield Capital Management Co. LP now owns 1,880,702 shares of the specialty chemicals company’s stock worth $64,677,000 after acquiring an additional 208,827 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Up 1.1 %

Shares of NYSE AXTA opened at $34.87 on Friday. The business has a 50-day simple moving average of $34.98 and a two-hundred day simple moving average of $33.65. Axalta Coating Systems Ltd. has a 52 week low of $25.03 and a 52 week high of $36.98. The company has a market cap of $7.69 billion, a P/E ratio of 31.41, a P/E/G ratio of 0.89 and a beta of 1.44. The company has a quick ratio of 1.51, a current ratio of 2.07 and a debt-to-equity ratio of 1.92.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the previous year, the company earned $0.35 earnings per share. Axalta Coating Systems’s revenue for the quarter was up 1.3% on a year-over-year basis. Research analysts anticipate that Axalta Coating Systems Ltd. will post 1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AXTA shares. BMO Capital Markets increased their price objective on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. KeyCorp upped their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. UBS Group reduced their price objective on shares of Axalta Coating Systems from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Wells Fargo & Company raised Axalta Coating Systems from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 11th. Finally, Barclays upped their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the stock an “overweight” rating in a research report on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.

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.