LPL Financial LLC Has $2.82 Million Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

LPL Financial LLC raised its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 46.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,380 shares of the specialty chemicals company's stock after purchasing an additional 25,987 shares during the quarter. LPL Financial LLC's holdings in Axalta Coating Systems were worth $2,819,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. 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 acquiring an additional 443 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings 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 worth $45,000 after buying an additional 498 shares during the period. UMB Bank n.a. raised its holdings in Axalta Coating Systems by 35.4% in 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 period. Plato Investment Management Ltd lifted its position 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 acquiring 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 fourth quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock valued at $88,000 after purchasing an additional 617 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Wells Fargo & Company dropped their price target on Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. BNP Paribas upgraded shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Thursday, April 10th. Wolfe Research upgraded 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 note on Friday, January 17th. Barclays boosted their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Finally, StockNews.com lowered shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Three 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 data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.36.

Insider Activity at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the sale, the insider now owns 74,905 shares of the company's stock, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is owned by insiders.

Axalta Coating Systems Trading Up 0.0 %

Shares of AXTA stock traded up $0.01 during trading hours on Thursday, reaching $31.13. The company had a trading volume of 278,568 shares, compared to its average volume of 2,074,431. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.65. The company has a 50 day moving average of $34.09 and a 200 day moving average of $36.05. 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 firm has a market cap of $6.79 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 0.92 and a beta of 1.33.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The company's revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

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.