Adage Capital Partners GP L.L.C. Has $60.57 Million Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Adage Capital Partners GP L.L.C. lessened its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,770,000 shares of the specialty chemicals company's stock after selling 340,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.81% of Axalta Coating Systems worth $60,569,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXTA. Eagle Bay Advisors LLC grew its stake in Axalta Coating Systems by 116.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 443 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Axalta Coating Systems by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock worth $45,000 after acquiring an additional 498 shares during the period. UMB Bank n.a. boosted its stake in shares of Axalta Coating Systems by 35.4% during 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 during the period. Plato Investment Management Ltd boosted its stake in shares of Axalta Coating Systems by 156.4% during the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after acquiring an additional 1,365 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Axalta Coating Systems by 31.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock worth $88,000 after acquiring an additional 617 shares during the period. Institutional investors and hedge funds own 98.28% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. BNP Paribas upgraded Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Thursday, April 10th. Wolfe Research raised Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 target price for the company in a report on Friday, January 17th. Mizuho set a $37.00 price objective on shares of Axalta Coating Systems in a research note on Tuesday, April 15th. Barclays increased their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their price target on shares of Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Axalta Coating Systems currently has an average rating of "Moderate Buy" and an average price target of $41.36.

Insider Buying and Selling

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction 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 transaction, the insider now owns 74,905 shares in the company, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by corporate insiders.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock traded down $0.06 during mid-day trading on Monday, reaching $31.77. The company had a trading volume of 1,701,795 shares, compared to its average volume of 2,029,583. The business has a fifty day simple moving average of $33.28 and a 200 day simple moving average of $35.83. The company has a market cap of $6.94 billion, a P/E ratio of 17.85, a P/E/G ratio of 0.92 and a beta of 1.33. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a fifty-two week low of $27.70 and a fifty-two week high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.09. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

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.