New York State Common Retirement Fund Sells 11,500 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

New York State Common Retirement Fund reduced its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,469 shares of the specialty chemicals company’s stock after selling 11,500 shares during the period. New York State Common Retirement Fund owned 0.08% of Axalta Coating Systems worth $5,662,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AXTA. PointState Capital LP acquired a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at approximately $30,257,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Axalta Coating Systems by 151.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 633,017 shares of the specialty chemicals company’s stock valued at $22,909,000 after buying an additional 381,488 shares during the period. Atom Investors LP increased its position in shares of Axalta Coating Systems by 198.6% in the 3rd quarter. Atom Investors LP now owns 380,616 shares of the specialty chemicals company’s stock valued at $13,774,000 after buying an additional 253,142 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Axalta Coating Systems by 55.6% in the 3rd quarter. Verition Fund Management LLC now owns 621,376 shares of the specialty chemicals company’s stock valued at $22,488,000 after buying an additional 221,943 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Axalta Coating Systems by 11.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,991,660 shares of the specialty chemicals company’s stock worth $72,078,000 after buying an additional 205,085 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Performance

Axalta Coating Systems stock opened at $35.89 on Friday. The business’s 50-day moving average price is $35.88 and its two-hundred day moving average price is $36.64. Axalta Coating Systems Ltd. has a 12-month low of $30.41 and a 12-month high of $41.65. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The stock has a market cap of $7.83 billion, a PE ratio of 20.16, a P/E/G ratio of 0.92 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.43 earnings per share. As a group, analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AXTA. Royal Bank of Canada upped 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. Citigroup cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $41.00 in a report on Wednesday, December 18th. StockNews.com lowered Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Friday. Mizuho dropped their target price on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Finally, Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target for the company in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.08.

Insider Transactions at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the completion of the transaction, the insider now owns 74,905 shares in the company, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company’s stock.

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.