The Manufacturers Life Insurance Company Sells 47,332 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

The Manufacturers Life Insurance Company cut its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,867,432 shares of the specialty chemicals company's stock after selling 47,332 shares during the quarter. The Manufacturers Life Insurance Company owned 1.31% of Axalta Coating Systems worth $103,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AXTA. Barrow Hanley Mewhinney & Strauss LLC grew its position in Axalta Coating Systems by 0.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company's stock valued at $512,890,000 after acquiring an additional 137,209 shares during the last quarter. Victory Capital Management Inc. boosted its position in Axalta Coating Systems by 5.6% during the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company's stock valued at $355,479,000 after buying an additional 550,970 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Axalta Coating Systems by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company's stock valued at $128,852,000 after buying an additional 302,752 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Axalta Coating Systems by 89.7% in the 2nd quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company's stock valued at $93,411,000 after acquiring an additional 1,292,434 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in Axalta Coating Systems by 4.2% during 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. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Down 0.4 %

AXTA traded down $0.15 during trading on Wednesday, reaching $40.52. The stock had a trading volume of 1,027,744 shares, compared to its average volume of 2,013,070. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 27.38, a P/E/G ratio of 0.89 and a beta of 1.43. The stock's 50 day moving average is $37.61 and its two-hundred day moving average is $35.92. Axalta Coating Systems Ltd. has a one year low of $30.40 and a one year high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. Axalta Coating Systems's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the business earned $0.45 EPS. As a group, analysts expect that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on AXTA shares. KeyCorp boosted their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, October 31st. Mizuho upped their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Royal Bank of Canada boosted their price target on Axalta Coating Systems from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, November 1st. BMO Capital Markets increased their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Finally, Robert W. Baird boosted their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the company an "outperform" rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Axalta Coating Systems currently has an average rating of "Buy" and a consensus price target of $42.45.

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.