Assetmark Inc. Has $6.50 Million Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Assetmark Inc. trimmed its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 27.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 189,997 shares of the specialty chemicals company's stock after selling 73,697 shares during the quarter. Assetmark Inc. owned about 0.09% of Axalta Coating Systems worth $6,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning raised its holdings in Axalta Coating Systems by 33.9% in the 3rd quarter. Creative Planning now owns 11,449 shares of the specialty chemicals company's stock worth $414,000 after acquiring an additional 2,898 shares during the period. New York State Teachers Retirement System grew its position in shares of Axalta Coating Systems by 64.4% in the third quarter. New York State Teachers Retirement System now owns 62,844 shares of the specialty chemicals company's stock valued at $2,274,000 after purchasing an additional 24,622 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Axalta Coating Systems in the third quarter worth about $855,000. Graypoint LLC lifted its position in shares of Axalta Coating Systems by 11.3% during the 3rd quarter. Graypoint LLC now owns 7,348 shares of the specialty chemicals company's stock worth $266,000 after purchasing an additional 744 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in shares of Axalta Coating Systems during the 3rd quarter worth about $54,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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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 dated 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 owns 74,905 shares of the company's stock, valued at $2,814,180.85. This represents a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have commented on AXTA. 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. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Barclays upped their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. BMO Capital Markets raised their price target on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 13th. Finally, Citigroup lowered shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and cut their price objective for the company 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.08.

Axalta Coating Systems Price Performance

Shares of NYSE AXTA traded up $0.39 during midday trading on Tuesday, reaching $34.00. 2,090,115 shares of the company traded hands, compared to its average volume of 1,988,442. Axalta Coating Systems Ltd. has a 12 month low of $30.41 and a 12 month high of $41.65. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The stock's 50-day simple moving average is $35.97 and its 200-day simple moving average is $36.70. The firm has a market cap of $7.42 billion, a PE ratio of 19.10, a PEG ratio of 0.92 and a beta of 1.45.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. The firm 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 firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $0.43 EPS. As a group, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal 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.