Mutual of America Capital Management LLC Has $5.23 Million Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Mutual of America Capital Management LLC raised its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTAFree Report) by 3.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 194,408 shares of the specialty chemicals company’s stock after acquiring an additional 6,533 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Axalta Coating Systems were worth $5,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Axalta Coating Systems by 65.4% during the first quarter. BlackRock Inc. now owns 25,806,208 shares of the specialty chemicals company’s stock worth $781,670,000 after acquiring an additional 10,208,408 shares in the last quarter. Millennium Management LLC raised its position in shares of Axalta Coating Systems by 5,915.6% in the fourth quarter. Millennium Management LLC now owns 5,193,950 shares of the specialty chemicals company’s stock worth $132,290,000 after buying an additional 5,107,608 shares in the last quarter. State Street Corp raised its position in shares of Axalta Coating Systems by 68.2% in the first quarter. State Street Corp now owns 6,639,964 shares of the specialty chemicals company’s stock worth $201,124,000 after buying an additional 2,692,774 shares in the last quarter. Norges Bank purchased a new stake in shares of Axalta Coating Systems in the fourth quarter worth $53,517,000. Finally, Ariel Investments LLC raised its position in Axalta Coating Systems by 23.8% during the first quarter. Ariel Investments LLC now owns 7,398,739 shares of the specialty chemicals company’s stock valued at $181,861,000 after purchasing an additional 1,420,653 shares in the last quarter. 98.64% of the stock is owned by institutional investors.

Axalta Coating Systems Trading Up 0.9 %

NYSE:AXTA opened at $31.33 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.46 and a debt-to-equity ratio of 1.96. Axalta Coating Systems Ltd. has a 12 month low of $25.03 and a 12 month high of $34.45. The company has a market cap of $6.95 billion, a PE ratio of 26.11, a price-to-earnings-growth ratio of 1.52 and a beta of 1.52. The company has a 50 day simple moving average of $32.99 and a two-hundred day simple moving average of $29.95.

Axalta Coating Systems (NYSE:AXTAGet Free Report) last posted its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm posted $0.38 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts forecast that Axalta Coating Systems Ltd. will post 1.87 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Anthony Massey sold 17,915 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $30.88, for a total transaction of $553,215.20. Following the sale, the vice president now directly owns 19,420 shares in the company, valued at approximately $599,689.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Anthony Massey sold 17,915 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $30.88, for a total value of $553,215.20. Following the sale, the vice president now directly owns 19,420 shares of the company’s stock, valued at approximately $599,689.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Hadi Awada sold 10,500 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $31.99, for a total transaction of $335,895.00. Following the completion of the transaction, the senior vice president now owns 14,656 shares in the company, valued at $468,845.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,915 shares of company stock valued at $1,123,035. Company insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AXTA. StockNews.com raised Axalta Coating Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Royal Bank of Canada raised their target price on Axalta Coating Systems from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. UBS Group cut 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 report on Monday, January 8th. Wells Fargo & Company lifted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective on Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.42.

View Our Latest Analysis on Axalta Coating Systems

Axalta Coating Systems Profile

(Free Report)

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. It operates through two segments, Performance Coatings and Mobility Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

Recommended Stories

Want to see what other hedge funds are holding AXTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axalta Coating Systems Ltd. (NYSE:AXTAFree Report).

Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.