Zurcher Kantonalbank Zurich Cantonalbank Buys 4,477 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 10.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,271 shares of the specialty chemicals company’s stock after purchasing an additional 4,477 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Axalta Coating Systems were worth $1,674,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AXTA. CWM LLC grew its stake in shares of Axalta Coating Systems by 35.6% during the 3rd quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock worth $67,000 after acquiring an additional 649 shares during the period. Verdence Capital Advisors LLC raised its position in shares of Axalta Coating Systems by 20.3% in the third quarter. Verdence Capital Advisors LLC now owns 12,700 shares of the specialty chemicals company’s stock valued at $342,000 after purchasing an additional 2,143 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Axalta Coating Systems by 0.5% during the 3rd quarter. Mackenzie Financial Corp now owns 172,500 shares of the specialty chemicals company’s stock valued at $4,663,000 after buying an additional 900 shares in the last quarter. Strs Ohio boosted its holdings in Axalta Coating Systems by 7.5% in the 3rd quarter. Strs Ohio now owns 61,827 shares of the specialty chemicals company’s stock worth $1,663,000 after buying an additional 4,317 shares during the period. Finally, Advisor Partners II LLC purchased a new position in Axalta Coating Systems in the 3rd quarter valued at approximately $497,000. 98.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup raised their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on shares of Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Wolfe Research began coverage on shares of Axalta Coating Systems in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. UBS Group lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $35.00 to $36.00 in a research note on Monday, January 8th. Finally, Wells Fargo & Company lifted their price target on Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Axalta Coating Systems has an average rating of “Hold” and a consensus price target of $35.70.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $31.11 on Thursday. The stock has a market cap of $6.85 billion, a PE ratio of 25.93, a PEG ratio of 1.02 and a beta of 1.51. The company’s fifty day moving average is $32.67 and its 200 day moving average is $31.63. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 1.96. Axalta Coating Systems Ltd. has a 52 week low of $25.03 and a 52 week high of $34.53.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.01). Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business posted $0.38 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts anticipate that Axalta Coating Systems Ltd. will post 1.88 earnings per share for the current year.

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.