Shell Asset Management Co. Cuts Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Shell Asset Management Co. lowered its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTAFree Report) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,752 shares of the specialty chemicals company’s stock after selling 533 shares during the period. Shell Asset Management Co.’s holdings in Axalta Coating Systems were worth $827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AXTA. KB Financial Partners LLC bought a new stake in shares of Axalta Coating Systems during the first quarter valued at approximately $25,000. Itau Unibanco Holding S.A. purchased a new position in shares of Axalta Coating Systems in the second quarter valued at $28,000. Fifth Third Bancorp grew its holdings in shares of Axalta Coating Systems by 140.6% in the second quarter. Fifth Third Bancorp now owns 984 shares of the specialty chemicals company’s stock valued at $32,000 after purchasing an additional 575 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Axalta Coating Systems by 53.0% in the second quarter. Spire Wealth Management now owns 1,541 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 534 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Axalta Coating Systems by 35.6% in the third quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock valued at $67,000 after purchasing an additional 649 shares in the last quarter. Institutional investors own 98.64% of the company’s stock.

Axalta Coating Systems Stock Up 0.9 %

NYSE:AXTA opened at $31.33 on Friday. Axalta Coating Systems Ltd. has a twelve month low of $25.03 and a twelve month high of $34.45. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.56 and a beta of 1.52. The stock has a fifty day simple moving average of $32.99 and a 200-day simple moving average of $29.99. The company has a current ratio of 2.05, a quick ratio of 1.50 and a debt-to-equity ratio of 2.13.

Axalta Coating Systems (NYSE:AXTAGet Free Report) last released its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.01). Axalta Coating Systems had a return on equity of 20.98% and a net margin of 4.64%. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $0.38 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts anticipate that Axalta Coating Systems Ltd. will post 1.58 EPS for the current year.

Wall Street Analysts Forecast Growth

AXTA has been the subject of a number of recent research reports. Wells Fargo & Company raised their target price on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, January 9th. JPMorgan Chase & Co. raised their target price on shares of Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Friday. Royal Bank of Canada raised their target price on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. StockNews.com raised shares of Axalta Coating Systems from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, UBS Group lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $35.00 to $36.00 in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.42.

Read Our Latest Report on AXTA

Insider Transactions at Axalta Coating Systems

In other news, SVP Hadi Awada sold 10,500 shares of Axalta Coating Systems stock in a transaction 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 sale, the senior vice president now directly owns 14,656 shares in the company, valued at $468,845.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Brian A. Berube sold 7,500 shares of Axalta Coating Systems stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $31.19, for a total value of $233,925.00. Following the completion of the sale, the senior vice president now directly owns 44,408 shares in the company, valued at $1,385,085.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Hadi Awada sold 10,500 shares of Axalta Coating Systems stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $31.99, for a total value of $335,895.00. Following the completion of the sale, the senior vice president now owns 14,656 shares of the company’s stock, valued at $468,845.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,915 shares of company stock worth $1,123,035. 0.40% of the stock is currently owned by insiders.

Axalta Coating Systems Company Profile

(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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