Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. grew its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,812 shares of the specialty chemicals company's stock after purchasing an additional 18,867 shares during the quarter. Alliancebernstein L.P. owned approximately 0.14% of Axalta Coating Systems worth $10,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Bay Advisors LLC lifted its stake in Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 443 shares in the last quarter. Jones Financial Companies Lllp raised its holdings 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 in the last quarter. UMB Bank n.a. raised its stake in Axalta Coating Systems by 35.4% during the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock valued at $72,000 after purchasing an additional 547 shares in the last quarter. Plato Investment Management Ltd grew its position in Axalta Coating Systems by 156.4% in the fourth 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 in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Axalta Coating Systems by 31.4% during the fourth 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 last quarter. 98.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of the business's stock in a transaction that occurred on 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 sale, the insider now directly owns 74,905 shares in the company, valued at $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup dropped their price objective on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Barclays raised their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Wells Fargo & Company reduced their price target on Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Wolfe Research raised Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective on the stock in a research report on Friday, January 17th. Finally, Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a research note on Tuesday. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Axalta Coating Systems currently has an average rating of "Moderate Buy" and an average price target of $41.36.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA traded up $0.17 during mid-day trading on Wednesday, hitting $31.38. The stock had a trading volume of 430,021 shares, compared to its average volume of 2,041,786. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.66. The company has a 50 day moving average of $34.21 and a two-hundred day moving average of $36.08. 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 cap of $6.85 billion, a PE ratio of 17.58, a PEG ratio of 0.92 and a beta of 1.33.

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

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.