Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lessened its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 388,321 shares of the specialty chemicals company's stock after selling 19,911 shares during the quarter. Artisan Partners Limited Partnership owned 0.18% of Axalta Coating Systems worth $13,288,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Eagle Bay Advisors LLC boosted its position in shares of Axalta Coating Systems by 116.3% during 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 during the period. True Wealth Design LLC acquired a new position in Axalta Coating Systems during the third quarter worth $37,000. Millburn Ridgefield Corp purchased a new position in shares of Axalta Coating Systems during the third quarter worth $41,000. Jones Financial Companies Lllp grew its stake in shares of Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 498 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Axalta Coating Systems by 35.4% in the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock valued at $72,000 after buying an additional 547 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wolfe Research upgraded 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. StockNews.com cut shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Mizuho cut their target price on shares of Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. KeyCorp reissued a "sector weight" rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Finally, Citigroup lowered Axalta Coating Systems from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, nine have assigned 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 currently has a consensus rating of "Moderate Buy" and a consensus target price 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 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 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is currently owned by insiders.

Axalta Coating Systems Stock Up 1.0 %

AXTA stock traded up $0.33 during trading on Monday, hitting $33.19. 1,985,231 shares of the company's stock were exchanged, compared to its average volume of 2,004,363. The business has a 50-day moving average price of $35.84 and a two-hundred day moving average price of $36.57. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $7.24 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a 52-week low of $30.41 and a 52-week high of $41.66.

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