Envestnet Asset Management Inc. Increases Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Envestnet Asset Management Inc. boosted its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 442,412 shares of the specialty chemicals company's stock after buying an additional 10,802 shares during the period. Envestnet Asset Management Inc. owned approximately 0.20% of Axalta Coating Systems worth $15,139,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC raised its stake in Axalta Coating Systems by 116.3% in the fourth 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 raised its position in shares of Axalta Coating Systems by 60.7% during the 4th 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 in the last quarter. UMB Bank n.a. lifted its holdings in shares of Axalta Coating Systems by 35.4% during the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock worth $72,000 after acquiring an additional 547 shares during the last quarter. Plato Investment Management Ltd grew its position in Axalta Coating Systems by 156.4% in the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after acquiring an additional 1,365 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in Axalta Coating Systems by 31.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock valued at $88,000 after acquiring an additional 617 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on AXTA. StockNews.com lowered Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Citigroup decreased their price target on shares of 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. Wells Fargo & Company cut their price objective on shares of Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Wolfe Research upgraded shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 target price on the stock in a research report on Friday, January 17th. Finally, Barclays upped their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Three 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $41.36.

Axalta Coating Systems Trading Up 0.4 %

NYSE:AXTA traded up $0.12 during trading hours on Friday, hitting $31.24. The company had a trading volume of 1,710,662 shares, compared to its average volume of 2,048,918. 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 has a 50-day moving average price of $33.96 and a 200 day moving average price of $36.01. The company has a market capitalization of $6.81 billion, a PE ratio of 17.55, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. Axalta Coating Systems Ltd. has a 52 week low of $27.70 and a 52 week high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share 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 firm 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 firm posted $0.43 EPS. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities research analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Insider Activity

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of 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 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 currently owned by company insiders.

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.