Vanguard Group Inc. Lowers Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Vanguard Group Inc. decreased its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 0.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,810,804 shares of the specialty chemicals company’s stock after selling 5,058 shares during the period. Vanguard Group Inc. owned 10.92% of Axalta Coating Systems worth $814,806,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AXTA. Eagle Bay Advisors LLC increased its stake in shares of Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 443 shares during the period. True Wealth Design LLC bought a new position in shares of Axalta Coating Systems during the third quarter valued at approximately $37,000. Millburn Ridgefield Corp purchased a new position in Axalta Coating Systems during the third quarter valued at approximately $41,000. Jones Financial Companies Lllp lifted its holdings in Axalta Coating Systems by 60.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 498 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Axalta Coating Systems by 35.4% in the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock worth $72,000 after acquiring an additional 547 shares in the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Trading Down 0.7 %

Shares of Axalta Coating Systems stock opened at $32.87 on Friday. The stock has a market cap of $7.17 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The firm has a fifty day moving average price of $35.84 and a 200 day moving average price of $36.56. Axalta Coating Systems Ltd. has a 1 year low of $30.41 and a 1 year high of $41.66. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays lifted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Mizuho reduced their price target 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. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research note on Friday, January 17th. StockNews.com cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Axalta Coating Systems presently has an average rating of “Moderate Buy” and a consensus price target of $43.08.

Insider Activity

In related news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the transaction, the insider now owns 74,905 shares in the company, valued at $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.40% of the company’s stock.

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.