River Global Investors LLP Decreases Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

River Global Investors LLP cut its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 45.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,538 shares of the specialty chemicals company's stock after selling 23,600 shares during the quarter. River Global Investors LLP's holdings in Axalta Coating Systems were worth $976,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Axalta Coating Systems by 0.9% in the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company's stock valued at $132,823,000 after acquiring an additional 31,894 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its stake in Axalta Coating Systems by 68.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company's stock valued at $1,310,000 after purchasing an additional 14,704 shares during the last quarter. Oak Thistle LLC lifted its holdings in Axalta Coating Systems by 434.3% in the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company's stock valued at $1,353,000 after purchasing an additional 32,135 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in Axalta Coating Systems by 5.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company's stock worth $16,135,000 after purchasing an additional 24,402 shares during the last quarter. Finally, Sasco Capital Inc. CT grew its holdings in shares of Axalta Coating Systems by 5.8% during the third quarter. Sasco Capital Inc. CT now owns 501,530 shares of the specialty chemicals company's stock worth $18,150,000 after buying an additional 27,420 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. 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 note on Wednesday, November 13th. Mizuho decreased their target price on shares of Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Evercore ISI assumed coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price target for the company. 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 report on Thursday, December 19th. Finally, Citigroup cut Axalta Coating Systems from a "buy" rating to a "neutral" rating and dropped their target price for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $43.08.

Insider Transactions at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the 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 transaction, the insider now owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.40% of the company's stock.

Axalta Coating Systems Trading Down 0.3 %

NYSE AXTA traded down $0.10 during trading hours on Wednesday, reaching $33.86. The company had a trading volume of 2,425,030 shares, compared to its average volume of 1,997,737. Axalta Coating Systems Ltd. has a 1-year low of $30.41 and a 1-year high of $41.65. The stock has a market capitalization of $7.39 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The stock has a 50-day moving average of $35.96 and a 200 day moving average of $36.69. 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 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business posted $0.43 EPS. The business's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, research 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.