Natixis Advisors LLC Has $10.44 Million Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Natixis Advisors LLC reduced its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 54.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 304,991 shares of the specialty chemicals company's stock after selling 363,663 shares during the period. Natixis Advisors LLC owned approximately 0.14% of Axalta Coating Systems worth $10,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AXTA. First Horizon Advisors Inc. increased its holdings in 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 last quarter. Janney Montgomery Scott LLC increased its holdings in Axalta Coating Systems by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company's stock worth $820,000 after purchasing an additional 323 shares during the last quarter. Principal Securities Inc. increased its holdings in Axalta Coating Systems by 5.5% during the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock worth $218,000 after purchasing an additional 332 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Axalta Coating Systems by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company's stock valued at $231,000 after acquiring an additional 334 shares during the last quarter. Finally, Optas LLC increased its holdings in shares of Axalta Coating Systems by 7.3% in the 4th quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company's stock valued at $206,000 after acquiring an additional 412 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

AXTA has been the subject of a number of research analyst reports. Wolfe Research upgraded Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target for the company in a report on Friday, January 17th. StockNews.com downgraded Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Barclays boosted their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective 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. Three equities research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.08.

Insider Activity

In related news, insider Troy D. Weaver sold 10,457 shares of the company's 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 transaction, the insider now directly owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is currently owned by company insiders.

Axalta Coating Systems Stock Performance

AXTA stock traded down $0.22 during trading on Friday, reaching $33.84. 1,591,672 shares of the company's stock were exchanged, compared to its average volume of 1,935,962. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a 1-year low of $30.41 and a 1-year high of $41.66. The company's fifty day moving average price is $35.98 and its 200-day moving average price is $36.59. The firm has a market cap of $7.38 billion, a PE ratio of 19.01, a P/E/G ratio of 0.92 and a beta of 1.45.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. The business had revenue of $1.31 billion during 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 company's revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. On average, research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

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.