Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its stake in Axalta Coating Systems Ltd. (NYSE:AXTAFree Report) by 112.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,569 shares of the specialty chemicals company’s stock after buying an additional 12,484 shares during the period. New York Life Investment Management LLC’s holdings in Axalta Coating Systems were worth $634,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. lifted its stake in shares of Axalta Coating Systems by 65.4% in the first quarter. BlackRock Inc. now owns 25,806,208 shares of the specialty chemicals company’s stock worth $781,670,000 after acquiring an additional 10,208,408 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Axalta Coating Systems by 5,915.6% in the fourth quarter. Millennium Management LLC now owns 5,193,950 shares of the specialty chemicals company’s stock worth $132,290,000 after acquiring an additional 5,107,608 shares in the last quarter. State Street Corp lifted its stake in shares of Axalta Coating Systems by 68.2% in the first quarter. State Street Corp now owns 6,639,964 shares of the specialty chemicals company’s stock worth $201,124,000 after acquiring an additional 2,692,774 shares in the last quarter. Norges Bank acquired a new position in shares of Axalta Coating Systems in the fourth quarter worth about $53,517,000. Finally, Ariel Investments LLC lifted its stake in shares of Axalta Coating Systems by 23.8% in the first quarter. Ariel Investments LLC now owns 7,398,739 shares of the specialty chemicals company’s stock worth $181,861,000 after acquiring an additional 1,420,653 shares in the last quarter. Hedge funds and other institutional investors own 98.64% of the company’s stock.

Insider Activity

In other news, SVP Hadi Awada sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $31.99, for a total transaction of $335,895.00. Following the completion of the transaction, the senior vice president now directly owns 14,656 shares of the company’s stock, valued at $468,845.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Hadi Awada sold 10,500 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $31.99, for a total value of $335,895.00. Following the completion of the transaction, the senior vice president now directly owns 14,656 shares of the company’s stock, valued at approximately $468,845.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Anthony Massey sold 17,915 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $30.88, for a total value of $553,215.20. Following the completion of the transaction, the vice president now directly owns 19,420 shares of the company’s stock, valued at $599,689.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,915 shares of company stock valued at $1,123,035. 0.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AXTA has been the topic of several recent analyst reports. StockNews.com upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Wells Fargo & Company upped their price objective on Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 9th. UBS Group cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and upped their price objective for the company from $35.00 to $36.00 in a research note on Monday, January 8th. Finally, Royal Bank of Canada upped their price objective on Axalta Coating Systems from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.09.

Check Out Our Latest Stock Report on AXTA

Axalta Coating Systems Stock Down 4.6 %

NYSE:AXTA opened at $31.05 on Friday. The firm has a market capitalization of $6.88 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 1.55 and a beta of 1.52. The stock has a 50 day moving average of $33.01 and a 200-day moving average of $29.99. Axalta Coating Systems Ltd. has a 52 week low of $25.03 and a 52 week high of $34.45. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 2.13.

About Axalta Coating Systems

(Free Report)

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. It operates through two segments, Performance Coatings and Mobility Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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