Axalta Coating Systems Ltd. (NYSE:AXTA) Stock Position Boosted by Prudential Financial Inc.

Prudential Financial Inc. boosted its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 10.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 98,500 shares of the specialty chemicals company's stock after purchasing an additional 9,292 shares during the period. Prudential Financial Inc.'s holdings in Axalta Coating Systems were worth $3,371,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AXTA. Victory Capital Management Inc. raised its stake in Axalta Coating Systems by 9.6% during the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company's stock valued at $387,439,000 after acquiring an additional 988,397 shares during the last quarter. State Street Corp increased its stake in 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 valued at $246,923,000 after buying an additional 46,813 shares during the period. Geode Capital Management LLC raised its holdings in Axalta Coating Systems by 0.9% during the third 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. Jupiter Asset Management Ltd. raised its stake in shares of Axalta Coating Systems by 35.4% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,620,459 shares of the specialty chemicals company's stock worth $55,452,000 after buying an additional 423,883 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Axalta Coating Systems by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,432,826 shares of the specialty chemicals company's stock valued at $49,031,000 after buying an additional 9,572 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Down 5.8 %

Shares of AXTA stock traded down $1.82 during trading hours on Friday, reaching $29.73. The company had a trading volume of 2,335,680 shares, compared to its average volume of 1,998,201. The company has a market capitalization of $6.49 billion, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. 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 $28.95 and a twelve month high of $41.66. The stock's fifty day simple moving average is $35.41 and its 200 day simple moving average is $36.47.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results 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 during 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%. The business's revenue was up 1.1% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. As a group, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target for the company in a report on Friday, January 17th. KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Mizuho dropped their price target on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Barclays boosted 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. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.00.

Insider Transactions at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the 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 sale, the insider now directly owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.40% of the company's stock.

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.