Axalta Coating Systems Ltd. (NYSE:AXTA) Stake Increased by Barclays PLC

Barclays PLC boosted its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 71.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 264,366 shares of the specialty chemicals company's stock after acquiring an additional 109,883 shares during the period. Barclays PLC owned 0.12% of Axalta Coating Systems worth $9,049,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AXTA. Eagle Bay Advisors LLC raised its stake in shares of Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 443 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 498 shares during the last quarter. UMB Bank n.a. raised its stake in Axalta Coating Systems by 35.4% during the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock valued at $72,000 after buying an additional 547 shares in the last quarter. Plato Investment Management Ltd lifted its holdings in Axalta Coating Systems by 156.4% during the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after buying an additional 1,365 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Axalta Coating Systems by 31.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock worth $88,000 after acquiring an additional 617 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Price Performance

NYSE AXTA opened at $31.54 on Wednesday. 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 Ltd. has a 1 year low of $27.70 and a 1 year high of $41.66. The company has a market cap of $6.88 billion, a PE ratio of 17.72, a PEG ratio of 0.92 and a beta of 1.33. The stock's 50-day moving average price is $33.60 and its two-hundred day moving average price is $35.92.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm's revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Insider Activity

In related news, insider Troy D. Weaver sold 10,457 shares of the company's stock in a transaction on 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 directly owns 74,905 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wolfe Research raised Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target on the stock in a research report on Friday, January 17th. Mizuho set a $37.00 target price on shares of Axalta Coating Systems in a report on Tuesday, April 15th. BNP Paribas upgraded shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target on the stock in a research report on Thursday, April 10th. Citigroup lowered their price objective on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, StockNews.com cut shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $41.36.

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.

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