Public Employees Retirement System of Ohio Has $3.12 Million Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Public Employees Retirement System of Ohio lifted its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,171 shares of the specialty chemicals company’s stock after purchasing an additional 2,198 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Axalta Coating Systems were worth $3,119,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Axalta Coating Systems by 12.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,641 shares of the specialty chemicals company’s stock worth $466,000 after acquiring an additional 1,500 shares during the period. Raymond James & Associates lifted its stake in Axalta Coating Systems by 15.4% during the second quarter. Raymond James & Associates now owns 113,441 shares of the specialty chemicals company’s stock worth $3,876,000 after purchasing an additional 15,160 shares during the period. Fifth Third Bancorp boosted its holdings in Axalta Coating Systems by 180.5% during the second quarter. Fifth Third Bancorp now owns 3,097 shares of the specialty chemicals company’s stock valued at $106,000 after purchasing an additional 1,993 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at approximately $229,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Axalta Coating Systems by 2.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,687 shares of the specialty chemicals company’s stock worth $1,561,000 after buying an additional 1,111 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Trading Down 1.3 %

AXTA stock opened at $37.72 on Tuesday. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $41.65. The company has a market cap of $8.23 billion, a P/E ratio of 25.49, a PEG ratio of 0.83 and a beta of 1.44. The business has a fifty day moving average of $38.49 and a 200-day moving average of $36.32.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.08. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.45 EPS. As a group, equities research analysts expect that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AXTA shares. Barclays boosted 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. Mizuho upped their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. 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 report on Friday, November 1st. KeyCorp upped their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Evercore ISI started coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target 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.