Axalta Coating Systems Ltd. (NYSE:AXTA) Stake Raised by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,321,994 shares of the specialty chemicals company's stock after purchasing an additional 988,397 shares during the period. Victory Capital Management Inc. owned 5.19% of Axalta Coating Systems worth $387,439,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC raised its stake in Axalta Coating Systems by 0.9% during the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company's stock worth $132,823,000 after acquiring an additional 31,894 shares during the period. Dynamic Technology Lab Private Ltd grew its holdings in shares of Axalta Coating Systems by 68.4% during the third 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. Oak Thistle LLC raised its position in shares of Axalta Coating Systems by 434.3% during the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company's stock worth $1,353,000 after purchasing an additional 32,135 shares during the period. Lord Abbett & CO. LLC lifted its holdings in shares of Axalta Coating Systems by 5.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company's stock worth $16,135,000 after purchasing an additional 24,402 shares during the last quarter. Finally, Sasco Capital Inc. CT boosted its position in Axalta Coating Systems by 5.8% during the 3rd quarter. Sasco Capital Inc. CT now owns 501,530 shares of the specialty chemicals company's stock valued at $18,150,000 after purchasing an additional 27,420 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.40% of the stock is currently owned by company insiders.

Axalta Coating Systems Price Performance

NYSE:AXTA traded up $0.12 during mid-day trading on Thursday, reaching $35.46. 2,004,354 shares of the stock were exchanged, compared to its average volume of 1,943,762. 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 business has a fifty day moving average price of $35.95 and a 200 day moving average price of $36.69. Axalta Coating Systems Ltd. has a 1-year low of $30.41 and a 1-year high of $41.65. The firm has a market capitalization of $7.74 billion, a PE ratio of 19.92, a PEG 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 (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.09. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. Research analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on AXTA. Citigroup lowered Axalta Coating Systems from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. StockNews.com downgraded shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft decreased their target price 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. Evercore ISI started coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price target on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $43.08.

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.