Charles Schwab Investment Management Inc. Buys 9,572 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Charles Schwab Investment Management Inc. raised its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 0.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,432,826 shares of the specialty chemicals company's stock after purchasing an additional 9,572 shares during the period. Charles Schwab Investment Management Inc. owned 0.66% of Axalta Coating Systems worth $49,031,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Eagle Bay Advisors LLC raised its stake in Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after buying an additional 443 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Axalta Coating Systems in the 3rd quarter valued at about $37,000. First Horizon Advisors Inc. raised its position in shares of Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 266 shares during the period. Millburn Ridgefield Corp acquired a new stake in Axalta Coating Systems in the third quarter worth $41,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Axalta Coating Systems by 60.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock valued at $45,000 after acquiring an additional 498 shares during the period. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Stock Up 2.0 %

AXTA traded up $0.68 on Monday, reaching $35.10. 1,923,482 shares of the company traded hands, compared to its average volume of 1,940,732. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 0.92 and a beta of 1.45. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The stock's 50 day moving average price is $35.97 and its 200-day moving average price is $36.66. Axalta Coating Systems Ltd. has a 52-week low of $30.41 and a 52-week high of $41.66.

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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 for the quarter, topping 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 the consensus estimate of $1.31 billion. During the same period in the prior year, the business posted $0.43 earnings per share. Axalta Coating Systems's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AXTA shares. 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 report on Friday, January 17th. Barclays boosted their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Citigroup cut shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. KeyCorp reissued a "sector weight" rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Finally, Mizuho decreased their price target on shares of Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Axalta Coating Systems presently has a consensus rating of "Moderate Buy" and an average target price of $43.08.

Insider Activity

In other news, insider Troy D. Weaver sold 10,457 shares of the firm's stock in a transaction on Monday, February 10th. The shares were 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 trade represents a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is owned by corporate insiders.

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.