Schroder Investment Management Group Buys Shares of 397,297 Axalta Coating Systems Ltd. (NYSE:AXTA)

Schroder Investment Management Group purchased a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 397,297 shares of the specialty chemicals company's stock, valued at approximately $13,512,000. Schroder Investment Management Group owned approximately 0.18% of Axalta Coating Systems as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AXTA. Eagle Bay Advisors LLC lifted 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 worth $28,000 after purchasing an additional 443 shares during the last quarter. Millburn Ridgefield Corp bought a new position in Axalta Coating Systems during the 3rd quarter worth approximately $41,000. Jones Financial Companies Lllp grew its position in 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 acquiring an additional 498 shares during the last quarter. UMB Bank n.a. increased its stake 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 purchasing an additional 547 shares during the period. Finally, Plato Investment Management Ltd lifted 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 valued at $77,000 after purchasing an additional 1,365 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

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Axalta Coating Systems Stock Up 0.1 %

Axalta Coating Systems stock traded up $0.03 during mid-day trading on Monday, reaching $29.76. The stock had a trading volume of 2,346,512 shares, compared to its average volume of 2,000,203. The company has a market capitalization of $6.49 billion, a price-to-earnings ratio of 16.67, a PEG 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. Axalta Coating Systems Ltd. has a one year low of $28.35 and a one year high of $41.66. The company has a 50-day moving average price of $35.41 and a two-hundred day moving average price of $36.47.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results 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. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm earned $0.43 earnings per share. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Insider Transactions at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were 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 of the company's stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

AXTA has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, December 19th. StockNews.com lowered shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Mizuho reduced their price target on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Barclays lifted their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Finally, Wolfe Research upgraded Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 target price on the stock in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Axalta Coating Systems 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.