CANADA LIFE ASSURANCE Co Trims Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

CANADA LIFE ASSURANCE Co lessened its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 201,154 shares of the specialty chemicals company's stock after selling 8,604 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.09% of Axalta Coating Systems worth $6,880,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Jump Financial LLC lifted its stake in Axalta Coating Systems by 39.3% in the fourth quarter. Jump Financial LLC now owns 26,047 shares of the specialty chemicals company's stock worth $891,000 after acquiring an additional 7,353 shares during the period. Mariner LLC raised its holdings in shares of Axalta Coating Systems by 14.6% in the 4th quarter. Mariner LLC now owns 24,931 shares of the specialty chemicals company's stock valued at $853,000 after purchasing an additional 3,176 shares in the last quarter. Barclays PLC lifted its position in shares of Axalta Coating Systems by 71.1% in the 4th quarter. Barclays PLC now owns 264,366 shares of the specialty chemicals company's stock worth $9,049,000 after purchasing an additional 109,883 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of Axalta Coating Systems by 6.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 16,630 shares of the specialty chemicals company's stock valued at $569,000 after purchasing an additional 960 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Axalta Coating Systems during the fourth quarter valued at approximately $7,127,000. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

Shares of AXTA stock opened at $31.54 on Wednesday. Axalta Coating Systems Ltd. has a 52-week low of $27.70 and a 52-week high of $41.66. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The stock has a market cap of $6.88 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. The business has a 50-day simple moving average of $33.60 and a 200-day simple moving average of $35.92.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released 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. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, equities analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Analysts Set New Price Targets

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

Insider Activity at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction that occurred 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 owns 74,905 shares in the company, 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 SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Axalta Coating Systems Company 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.

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