TD Private Client Wealth LLC Purchases 4,679 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

TD Private Client Wealth LLC boosted its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 332.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,088 shares of the specialty chemicals company’s stock after buying an additional 4,679 shares during the quarter. TD Private Client Wealth LLC’s holdings in Axalta Coating Systems were worth $220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new stake in Axalta Coating Systems during the 2nd quarter worth $30,000. First Horizon Advisors Inc. grew its stake in shares of Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 266 shares during the period. True Wealth Design LLC bought a new stake in Axalta Coating Systems in the third quarter valued at about $37,000. Millburn Ridgefield Corp acquired a new position in Axalta Coating Systems in the third quarter valued at about $41,000. Finally, Capital Performance Advisors LLP bought a new position in Axalta Coating Systems during the third quarter worth about $54,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA opened at $38.23 on Friday. The company has a fifty day moving average price of $38.46 and a 200 day moving average price of $36.29. The firm has a market cap of $8.34 billion, a PE ratio of 25.83, a PEG ratio of 0.83 and a beta of 1.44. 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 1-year low of $30.40 and a 1-year high of $41.65.

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 for the quarter, topping the consensus estimate of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. Axalta Coating Systems’s revenue for the quarter was up .8% compared to the same quarter last year. Research analysts predict that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AXTA shares. Barclays upped their price target on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. BMO Capital Markets upped their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Mizuho lifted their price target on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. KeyCorp upped 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 report on Thursday, October 31st. Finally, Royal Bank of Canada lifted their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Axalta Coating Systems currently has an average rating of “Buy” and an average price target of $42.45.

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.