Dimensional Fund Advisors LP Buys 93,298 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Dimensional Fund Advisors LP lifted its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 2.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,874,038 shares of the specialty chemicals company's stock after buying an additional 93,298 shares during the quarter. Dimensional Fund Advisors LP owned about 1.78% of Axalta Coating Systems worth $132,568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in shares of Axalta Coating Systems by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company's stock worth $820,000 after buying an additional 323 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of Axalta Coating Systems by 5.5% during the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock worth $218,000 after buying an additional 332 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Axalta Coating Systems by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company's stock worth $231,000 after buying an additional 334 shares in the last quarter. Optas LLC lifted its holdings in shares of Axalta Coating Systems by 7.3% during the fourth quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company's stock worth $206,000 after buying an additional 412 shares in the last quarter. Finally, Eagle Bay Advisors LLC lifted its holdings in shares of Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 443 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Analysts Set New Price Targets

AXTA has been the subject of a number of analyst reports. Mizuho set a $37.00 price target on Axalta Coating Systems in a research note on Tuesday, April 15th. Citigroup dropped their price target on 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. StockNews.com downgraded Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Barclays boosted their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Finally, BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target for the company in a research note on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.36.

Axalta Coating Systems Trading Up 0.2 %

Shares of NYSE:AXTA traded up $0.08 during mid-day trading on Tuesday, reaching $31.82. 3,472,107 shares of the company's stock were exchanged, compared to its average volume of 2,035,476. The firm has a market capitalization of $6.95 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 0.92 and a beta of 1.33. The business's fifty day moving average price is $33.18 and its 200-day moving average price is $35.79. 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 twelve month low of $27.70 and a twelve month high of $41.66.

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

Insider Activity at Axalta Coating Systems

In related 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 value 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

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.