Andra AP fonden reduced its position in shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,800 shares of the specialty chemicals company’s stock after selling 2,200 shares during the period. Andra AP fonden’s holdings in Axalta Coating Systems were worth $1,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in AXTA. Prudential Financial Inc. bought a new stake in shares of Axalta Coating Systems during the first quarter worth about $210,000. Teachers Advisors LLC grew its holdings in shares of Axalta Coating Systems by 99.9% during the first quarter. Teachers Advisors LLC now owns 326,040 shares of the specialty chemicals company’s stock worth $10,498,000 after purchasing an additional 162,908 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Axalta Coating Systems by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 849,973 shares of the specialty chemicals company’s stock worth $27,368,000 after purchasing an additional 95,737 shares during the last quarter. Morgan Stanley grew its holdings in shares of Axalta Coating Systems by 137.0% during the first quarter. Morgan Stanley now owns 259,928 shares of the specialty chemicals company’s stock worth $8,371,000 after purchasing an additional 150,267 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Axalta Coating Systems by 34.7% during the first quarter. Bank of America Corp DE now owns 405,308 shares of the specialty chemicals company’s stock worth $13,051,000 after purchasing an additional 104,441 shares during the last quarter.

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Several analysts have recently weighed in on AXTA shares. BidaskClub cut Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 17th. Robert W. Baird restated a “buy” rating and set a $35.00 price target on shares of Axalta Coating Systems in a report on Monday, October 30th. UBS AG reduced their price target on Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Citigroup Inc. cut Axalta Coating Systems from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $31.00 to $25.00 in a report on Tuesday, October 10th. Finally, Nomura upgraded Axalta Coating Systems to a “buy” rating and reduced their price target for the stock from $30.00 to $28.00 in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.87.

Shares of Axalta Coating Systems Ltd (AXTA) opened at $31.98 on Monday. Axalta Coating Systems Ltd has a twelve month low of $24.72 and a twelve month high of $34.47.

Axalta Coating Systems (NASDAQ:AXTA) last posted its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Axalta Coating Systems had a negative return on equity of 6.61% and a negative net margin of 1.73%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 EPS.

In other Axalta Coating Systems news, SVP Michael A. Cash sold 34,874 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $30.00, for a total transaction of $1,046,220.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Steven R. Markevich sold 900 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $29.42, for a total value of $26,478.00. Following the transaction, the executive vice president now owns 201,393 shares in the company, valued at $5,924,982.06. The disclosure for this sale can be found here. Insiders have sold a total of 195,774 shares of company stock worth $5,771,898 over the last 90 days.

Axalta Coating Systems Profile

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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