Illinois Municipal Retirement Fund Has $1.14 Million Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Illinois Municipal Retirement Fund boosted its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 77.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,390 shares of the specialty chemicals company's stock after buying an additional 14,615 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Axalta Coating Systems were worth $1,143,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew its holdings in shares of Axalta Coating Systems by 0.7% in the 3rd quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company's stock worth $246,923,000 after acquiring an additional 46,813 shares during the last quarter. Geode Capital Management LLC increased its stake in Axalta Coating Systems by 0.9% in 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. Westfield Capital Management Co. LP raised its holdings in Axalta Coating Systems by 4.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,096,790 shares of the specialty chemicals company's stock worth $75,883,000 after buying an additional 84,594 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in Axalta Coating Systems by 11.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,991,660 shares of the specialty chemicals company's stock worth $72,078,000 after buying an additional 205,085 shares during the period. Finally, PointState Capital LP purchased a new stake in Axalta Coating Systems during the third quarter valued at about $30,257,000. Institutional investors own 98.28% of the company's stock.

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Analyst Upgrades and Downgrades

AXTA has been the topic of several analyst reports. Citigroup downgraded shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Barclays lifted 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 report on Wednesday, February 5th. 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. Evercore ISI initiated coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price target on the stock. Finally, Mizuho dropped their price target on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.08.

Insider Transactions at Axalta Coating Systems

In related 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 value of $392,869.49. Following the transaction, the insider now owns 74,905 shares in the company, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is owned by corporate insiders.

Axalta Coating Systems Stock Up 0.7 %

Axalta Coating Systems stock traded up $0.26 during mid-day trading on Thursday, hitting $35.60. 659,032 shares of the company's stock were exchanged, compared to its average volume of 1,928,192. Axalta Coating Systems Ltd. has a 1-year low of $30.41 and a 1-year high of $41.65. The stock has a 50 day moving average of $35.95 and a two-hundred day moving average of $36.69. The stock has a market cap of $7.77 billion, a P/E ratio of 19.99, a P/E/G ratio of 0.92 and a beta of 1.45. 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 (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, beating analysts' consensus estimates of $0.51 by $0.09. The business had revenue of $1.31 billion for 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%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $0.43 EPS. As a group, analysts anticipate 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.