Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 611,308 shares of the specialty chemicals company’s stock after selling 67,736 shares during the period. Russell Investments Group Ltd.’s holdings in Axalta Coating Systems were worth $20,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of AXTA. Victory Capital Management Inc. grew its position in Axalta Coating Systems by 9.6% in the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock valued at $387,439,000 after buying an additional 988,397 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Axalta Coating Systems by 0.4% during the 4th quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company’s stock worth $386,032,000 after purchasing an additional 50,520 shares in the last quarter. State Street Corp boosted its position in shares of Axalta Coating Systems by 0.7% during the 3rd quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company’s stock worth $246,923,000 after purchasing an additional 46,813 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Axalta Coating Systems by 1.3% during the 4th quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company’s stock worth $225,789,000 after purchasing an additional 82,200 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Axalta Coating Systems by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after purchasing an additional 31,894 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Up 11.6 %

NYSE AXTA opened at $31.80 on Thursday. Axalta Coating Systems Ltd. has a one year low of $27.70 and a one year high of $41.66. The company’s 50 day moving average price is $34.73 and its 200 day moving average price is $36.25. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 0.92 and a beta of 1.33.

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

Insider Activity at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the sale, the insider now owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AXTA has been the topic of a number of research reports. Wells Fargo & Company lowered their price objective on shares of Axalta Coating Systems from $42.00 to $37.00 and set an “overweight” rating on the stock in a research note on Wednesday. Barclays upped their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Citigroup reduced their target price on shares of Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $41.92.

About Axalta Coating Systems

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.