Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board reduced its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 81.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 48,300 shares of the specialty chemicals company's stock after selling 215,400 shares during the quarter. Canada Pension Plan Investment Board's holdings in Axalta Coating Systems were worth $1,653,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on AXTA shares. StockNews.com cut Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. 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. 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. Wells Fargo & Company dropped their price objective on shares of Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Finally, 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. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.36.

Axalta Coating Systems Stock Down 1.4 %

NYSE AXTA traded down $0.46 on Friday, hitting $31.82. 1,146,872 shares of the stock traded hands, compared to its average volume of 2,030,900. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The stock has a 50-day moving average of $33.28 and a 200 day moving average of $35.83. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.66. The company has a market capitalization of $6.94 billion, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted 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 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 revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 EPS. As a group, analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insider Transactions at Axalta Coating Systems

In other 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 sale, the insider now directly owns 74,905 shares in the company, valued at approximately $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 can be accessed through the SEC website. Insiders own 0.40% of the company's stock.

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.