Teacher Retirement System of Texas Purchases 35,799 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Teacher Retirement System of Texas increased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 31.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,180 shares of the specialty chemicals company's stock after purchasing an additional 35,799 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.07% of Axalta Coating Systems worth $5,173,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its holdings in Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock worth $37,000 after acquiring an additional 266 shares in the last quarter. Cerity Partners LLC increased its holdings in Axalta Coating Systems by 168.4% during the third quarter. Cerity Partners LLC now owns 29,481 shares of the specialty chemicals company's stock worth $1,067,000 after buying an additional 18,496 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of Axalta Coating Systems by 4.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,096,790 shares of the specialty chemicals company's stock valued at $75,883,000 after acquiring an additional 84,594 shares during the period. Daiwa Securities Group Inc. acquired a new position in shares of Axalta Coating Systems during the 3rd quarter worth about $214,000. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Axalta Coating Systems by 68.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company's stock valued at $1,310,000 after purchasing an additional 14,704 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

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Analyst Upgrades and Downgrades

AXTA has been the subject of a number of recent analyst reports. Citigroup cut Axalta Coating Systems from a "buy" rating to a "neutral" rating and cut their price objective for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Barclays raised their target price 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. Mizuho decreased their price target on shares of Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Finally, Wolfe Research raised shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target on the stock in a report on Friday, January 17th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of "Moderate Buy" and an average target price of $43.08.

Insider Buying and Selling at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the business'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 sale, the insider now owns 74,905 shares in the company, valued at $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.40% of the company's stock.

Axalta Coating Systems Price Performance

AXTA stock traded down $1.10 during mid-day trading on Thursday, hitting $33.08. The stock had a trading volume of 3,685,370 shares, compared to its average volume of 1,943,212. The firm has a fifty day simple moving average of $35.96 and a 200 day simple moving average of $36.58. Axalta Coating Systems Ltd. has a 52 week low of $30.41 and a 52 week high of $41.66. 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 firm has a market capitalization of $7.22 billion, a P/E ratio of 18.58, 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 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 in the previous year, the business earned $0.43 earnings per share. The company's revenue was up 1.1% on a year-over-year basis. As a group, research analysts forecast 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.