LS Investment Advisors LLC reduced its stake in shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) by 16.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 4,345 shares of the specialty chemicals company’s stock after selling 857 shares during the period. LS Investment Advisors LLC’s holdings in Axalta Coating Systems were worth $139,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Mn Services Vermogensbeheer B.V. boosted its stake in Axalta Coating Systems by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,772 shares of the specialty chemicals company’s stock valued at $174,000 after buying an additional 294 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Axalta Coating Systems by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 6,300 shares of the specialty chemicals company’s stock valued at $203,000 after buying an additional 900 shares during the last quarter. Prudential Financial Inc. bought a new stake in Axalta Coating Systems during the first quarter valued at $210,000. Chevy Chase Trust Holdings Inc. bought a new stake in Axalta Coating Systems during the second quarter valued at $212,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in Axalta Coating Systems by 46.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,900 shares of the specialty chemicals company’s stock valued at $222,000 after buying an additional 2,200 shares during the last quarter.

Axalta Coating Systems Ltd (NASDAQ:AXTA) traded down 1.20% on Thursday, reaching $27.97. 940,538 shares of the company traded hands. The stock has a market capitalization of $6.80 billion and a PE ratio of 2797.00. Axalta Coating Systems Ltd has a one year low of $24.27 and a one year high of $34.10. The firm has a 50 day moving average of $31.82 and a 200-day moving average of $31.27.

Axalta Coating Systems (NASDAQ:AXTA) last released its earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.08. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.12 billion. Axalta Coating Systems had a net margin of 6.50% and a return on equity of 21.46%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.34 EPS. On average, analysts anticipate that Axalta Coating Systems Ltd will post $1.31 EPS for the current year.

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Several equities research analysts have weighed in on AXTA shares. TheStreet upgraded shares of Axalta Coating Systems from a “c” rating to a “b” rating in a research report on Wednesday, April 26th. Jefferies Group LLC restated a “buy” rating on shares of Axalta Coating Systems in a research report on Wednesday, April 26th. Zacks Investment Research upgraded shares of Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, June 28th. BidaskClub upgraded shares of Axalta Coating Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, UBS AG reiterated a “buy” rating and set a $39.00 price target (up previously from $37.00) on shares of Axalta Coating Systems in a research report on Tuesday, June 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $33.80.

In other news, Director Samuel L. Smolik bought 4,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $28.16 per share, with a total value of $112,640.00. Following the transaction, the director now owns 4,000 shares of the company’s stock, valued at approximately $112,640. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, VP Sean M. Lannon sold 4,340 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $31.35, for a total transaction of $136,059.00. Following the sale, the vice president now directly owns 4,088 shares of the company’s stock, valued at approximately $128,158.80. The disclosure for this sale can be found here. Insiders have sold a total of 438,289 shares of company stock valued at $13,876,363 in the last three months.

About Axalta Coating Systems

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

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

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