Amundi Lowers Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Amundi trimmed its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 77.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,003 shares of the specialty chemicals company's stock after selling 73,647 shares during the period. Amundi's holdings in Axalta Coating Systems were worth $755,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. KBC Group NV raised its holdings in Axalta Coating Systems by 13.9% during the third quarter. KBC Group NV now owns 5,859 shares of the specialty chemicals company's stock valued at $212,000 after acquiring an additional 716 shares during the period. Thrivent Financial for Lutherans raised its stake in Axalta Coating Systems by 36.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 582,005 shares of the specialty chemicals company's stock valued at $21,062,000 after purchasing an additional 154,305 shares during the period. LMR Partners LLP bought a new stake in Axalta Coating Systems during the 3rd quarter valued at approximately $361,000. Pathstone Holdings LLC lifted its holdings in Axalta Coating Systems by 1.1% in the 3rd quarter. Pathstone Holdings LLC now owns 166,916 shares of the specialty chemicals company's stock worth $6,041,000 after purchasing an additional 1,735 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 266 shares during the period. Hedge funds and other institutional investors own 98.28% of the company's stock.

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Analyst Ratings Changes

AXTA has been the topic of several research analyst reports. Wolfe Research raised 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. Barclays raised their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. StockNews.com downgraded Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft cut their price target on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.08.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the business's 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 $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.40% of the company's stock.

Axalta Coating Systems Trading Down 0.6 %

AXTA stock traded down $0.22 during mid-day trading on Friday, reaching $33.84. 1,591,672 shares of the stock traded hands, compared to its average volume of 1,935,962. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. Axalta Coating Systems Ltd. has a one year low of $30.41 and a one year high of $41.66. The stock has a market capitalization of $7.38 billion, a PE ratio of 19.01, a PEG ratio of 0.92 and a beta of 1.45. The business has a 50-day moving average price of $35.98 and a two-hundred day moving average price of $36.59.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data 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. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business's revenue was up 1.1% compared to the same quarter last year. Equities research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

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.