The Manufacturers Life Insurance Company sold 56,177 shares of Axalta Coating Systems Ltd. stock. (NYSE:AXTA)

The Manufacturers Life Insurance Company ended its position in Axalta Coating Systems Ltd. (NYSE:AXTAGet the Badge) to 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,226,772 shares of the specialty pharmaceutical company’s stock after selling 56,177 shares during the quarter. The Manufacturers Life Insurance Company owned about 1.01% of Axalta Coating Systems worth $46,896,000 as of its most recent SEC filing.

→ Get your money on January 25th (From Stansberry Research)

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL raised its position in shares of Axalta Coating Systems by 5.9% in the second quarter. Gamco Investors INC. ET AL now owns 132,100 shares of the specialty pharmaceutical company’s stock worth $2,921,000 after buying an additional 7,400 shares during the period. Bank of Nova Scotia acquired a new position in shares of Axalta Coating Systems in the second quarter worth about $10,635,000. Allspring Global Investments Holdings LLC lifted its position in shares of Axalta Coating Systems by 1.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,247,118 shares of the specialty pharmaceutical company’s stock valued at $47,324,000 after purchasing an additional 31,220 shares during the period. this season. Y Intercept Hong Kong Ltd grew its position in shares of Axalta Coating Systems by 120.1% in the second quarter. Y Intercept Hong Kong Ltd now owns 20,382 shares of the specialty pharmaceutical company’s stock valued at $451,000 after buying an additional 11,120 shares during the period. Finally, Rhumbline Advisers grew its position in shares of Axalta Coating Systems by 26.4% in the second quarter. Rhumbline Advisers now owns 214,721 shares of the specialty pharmaceutical company’s stock valued at $4,747,000 after purchasing an additional 44,898 shares during the period.

Try the New Price Guide

AXTA has been the subject of many research reports. UBS Group increased their price objective on Axalta Coating Systems from $29.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, January 11th. Citigroup boosted their price target on Axalta Coating Systems from $25.60 to $30.29 in a research note on Thursday, December 15th. Deutsche Bank Aktiengesellschaft cut their price target on Axalta Coating Systems from $28.00 to $25.00 and set a “hold” rating on the stock in a research note on Monday, October 17th. Mizuho raised their price target on Axalta Coating Systems from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, January 12th. Finally, Credit Suisse Group began coverage on Axalta Coating Systems in a research note on Friday, October 21st. They issued a “negative” rating and a $20.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a hold rating to the stock. the stock was given a buy option. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a target price of $28.08.

Axalta Coating Systems Price Performance

Share of AXTA shares opens at $27.40 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.98 and a debt-to-equity ratio of 2.78. Axalta Coating Systems Ltd. The twelve month low is $20.66 and the twelve month high is $30.89. The company has a market cap of $6.04 billion, a P/E ratio of 30.79, a P/E/G ratio of 1.71 and a beta of 1.36. The business has a fifty-day average of $26.21 and a 200-day average of $24.91.

Axalta Coating Systems (NYSE:AXTAGet the Badge) last reported its earnings results on Tuesday, October 25th. The specialty pharmaceutical company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. Axalta Coating Systems had a return on equity of 22.19% and a net return of 4.20%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the company posted $0.39 earnings per share. On average, sell-side analysts see Axalta Coating Systems Ltd. will post 1.46 EPS for the current fiscal year.

Axalta Coating Systems Company Profile

(Get the Badge)

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes advanced coating systems in North America, Europe, the Middle East, Africa, Asia Pacific, and Latin America. It operates in two divisions, Functional Design and Horizontal Transportation. The company provides water and solvent-borne products and systems to repair damaged vehicles for independent shops, multi-stores, and garages. original equipment manufacturer (OEM).

See also

Corporate Quarterly for Axalta Coating Systems (NYSE:AXTA)

This news update is created by the technology science and financial experts from MarketBeat in order to provide readers with the fastest and most accurate information. zero. This story was reviewed by MarketBeat editors prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Axalta Coating Systems, you’ll want to hear this.

MarketBeat ranks Wall Street’s top and best-performing stock analysts and stocks they recommend to their clients. on a daily basis. MarketBeat reports the five shares high-end analysts are quietly whispering to their customers to buy now before the general market is available…and Axalta Coating Systems is not yet in the list.

Although Axalta Coating Systems currently has a “Hold” rating among analysts, the top five analysts believe the stock is a better buy.

See the Five Stocks Here

20 Items to Sell Now

MarketBeat just released its list of the 20 stocks Wall Street is researching hate. These companies seem to have good foundations, but the top analysts smell something very rotten. There are some of these companies hidden around your file? Search by entering your email address below.

Get The Report Free

20 Shops That Sell Coffee Now

Leave a Comment