Zurcher Kantonalbank Zurich Cantonalbank Has $1.86 Million Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 19.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,448 shares of the specialty chemicals company's stock after purchasing an additional 8,761 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Axalta Coating Systems were worth $1,863,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AXTA. Victory Capital Management Inc. increased its stake in shares of Axalta Coating Systems by 9.6% in the fourth quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company's stock worth $387,439,000 after acquiring an additional 988,397 shares during the last quarter. State Street Corp increased its stake in shares of Axalta Coating Systems by 0.7% in the third quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company's stock worth $246,923,000 after acquiring an additional 46,813 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Axalta Coating Systems by 0.9% in 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 last quarter. Westfield Capital Management Co. LP increased its stake in shares of Axalta Coating Systems by 4.2% in the third quarter. Westfield Capital Management Co. LP now owns 2,096,790 shares of the specialty chemicals company's stock worth $75,883,000 after acquiring an additional 84,594 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Axalta Coating Systems by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,432,826 shares of the specialty chemicals company's stock worth $49,031,000 after acquiring an additional 9,572 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other news, insider Troy D. Weaver sold 10,457 shares of the company's stock in a transaction dated 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 owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by company insiders.

Axalta Coating Systems Stock Performance

Shares of AXTA traded down $0.22 during trading hours on Friday, reaching $33.84. 1,582,601 shares of the company traded hands, compared to its average volume of 1,935,170. The stock's fifty day moving average is $35.98 and its 200 day moving average is $36.60. The stock has a market cap of $7.38 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. Axalta Coating Systems Ltd. has a 1-year low of $30.41 and a 1-year high of $41.66.

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 analysts' consensus estimates of $0.51 by $0.09. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AXTA. Wolfe Research upgraded shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective for the company in a report on Friday, January 17th. Citigroup cut shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $45.00 to $41.00 in a report on Wednesday, December 18th. Mizuho decreased their price objective on shares of Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased 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 report on Thursday, December 19th. Finally, Barclays upped their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. 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's stock. Based on data from MarketBeat, Axalta Coating Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.08.

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.