Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 15.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,035,664 shares of the specialty chemicals company's stock after selling 942,188 shares during the period. Massachusetts Financial Services Co. MA owned approximately 2.31% of Axalta Coating Systems worth $172,320,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Axalta Coating Systems by 0.9% in the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company's stock valued at $132,823,000 after purchasing an additional 31,894 shares during the last quarter. Oak Thistle LLC boosted its stake in shares of Axalta Coating Systems by 434.3% in the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company's stock worth $1,353,000 after buying an additional 32,135 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in Axalta Coating Systems by 5.8% during the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company's stock worth $16,135,000 after acquiring an additional 24,402 shares during the period. American Century Companies Inc. raised its position in Axalta Coating Systems by 57.8% during the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company's stock valued at $12,183,000 after acquiring an additional 130,427 shares in the last quarter. Finally, Principal Securities Inc. raised its position in Axalta Coating Systems by 5.5% during the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock valued at $218,000 after acquiring an additional 332 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

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Axalta Coating Systems Price Performance

AXTA traded down $0.18 on Monday, reaching $29.55. 4,857,068 shares of the company's stock were exchanged, compared to its average volume of 2,009,590. Axalta Coating Systems Ltd. has a twelve month low of $28.35 and a twelve month high of $41.66. The stock has a market cap of $6.45 billion, a PE ratio of 16.60, a P/E/G ratio of 0.92 and a beta of 1.33. 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 fifty day moving average price is $35.41 and its 200-day moving average price is $36.47.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AXTA. Barclays raised their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Wolfe Research raised shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective for the company in a report on Friday, January 17th. Citigroup lowered shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $45.00 to $41.00 in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft cut their price target on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.00.

Insider Buying and Selling at Axalta Coating Systems

In other 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 transaction of $392,869.49. Following the completion of the transaction, 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 transaction 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.