New York State Common Retirement Fund Has $5.66 Million Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

New York State Common Retirement Fund lowered its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,469 shares of the specialty chemicals company's stock after selling 11,500 shares during the period. New York State Common Retirement Fund owned about 0.08% of Axalta Coating Systems worth $5,662,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Eagle Bay Advisors LLC increased its position 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 buying an additional 443 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at $37,000. First Horizon Advisors Inc. increased its position in shares of Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock valued at $37,000 after buying an additional 266 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at $41,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at $54,000. Institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Down 3.3 %

Shares of Axalta Coating Systems stock traded down $1.18 during trading hours on Monday, reaching $35.03. 1,034,900 shares of the company's stock were exchanged, compared to its average volume of 1,915,207. The company has a 50 day moving average of $35.92 and a two-hundred day moving average of $36.70. Axalta Coating Systems Ltd. has a fifty-two week low of $30.41 and a fifty-two week high of $41.65. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The stock has a market cap of $7.64 billion, a P/E ratio of 19.65, a P/E/G ratio of 0.92 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $0.43 EPS. Axalta Coating Systems's revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AXTA has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a research report on Wednesday, November 13th. Evercore ISI began coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 target price for the company. Wolfe Research upgraded Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 target price for the company in a report on Friday, January 17th. Citigroup cut 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 report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $43.08.

Insider Activity at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the sale, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.