Geode Capital Management LLC Has $125.15 Million Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Geode Capital Management LLC cut its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,656,181 shares of the specialty chemicals company's stock after selling 13,009 shares during the period. Geode Capital Management LLC owned about 1.68% of Axalta Coating Systems worth $125,154,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Captrust Financial Advisors boosted its position in Axalta Coating Systems by 12.9% during the third quarter. Captrust Financial Advisors now owns 18,940 shares of the specialty chemicals company's stock valued at $685,000 after purchasing an additional 2,165 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Axalta Coating Systems by 28.4% during the 3rd quarter. Janus Henderson Group PLC now owns 160,458 shares of the specialty chemicals company's stock worth $5,806,000 after acquiring an additional 35,496 shares during the period. State Street Corp increased its holdings in shares of Axalta Coating Systems by 0.7% during 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. XTX Topco Ltd raised its stake in Axalta Coating Systems by 326.3% in the 3rd quarter. XTX Topco Ltd now owns 27,895 shares of the specialty chemicals company's stock valued at $1,010,000 after acquiring an additional 21,352 shares during the period. Finally, MML Investors Services LLC increased its holdings in shares of Axalta Coating Systems by 8.7% in the third quarter. MML Investors Services LLC now owns 67,897 shares of the specialty chemicals company's stock valued at $2,457,000 after purchasing an additional 5,425 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

Analyst Ratings Changes

AXTA has been the subject of several research reports. 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 report on Thursday. Barclays upped their price target 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. Wells Fargo & Company cut their price objective on shares of Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft cut their price target on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Finally, StockNews.com cut Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.64.

Axalta Coating Systems Trading Up 0.9 %

NYSE AXTA traded up $0.29 during trading hours on Monday, reaching $30.96. The company's stock had a trading volume of 149,492 shares, compared to its average volume of 2,039,279. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems Ltd. has a 52 week low of $27.70 and a 52 week high of $41.66. The firm has a fifty day simple moving average of $34.48 and a 200-day simple moving average of $36.16. The stock has a market cap of $6.75 billion, a P/E ratio of 17.39, a P/E/G ratio of 0.92 and a beta of 1.33.

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

Insider Activity

In related news, insider Troy D. Weaver sold 10,457 shares of the company's stock in a transaction dated Monday, February 10th. The stock was 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 in the company, valued at $2,814,180.85. This represents a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.