Canada Pension Plan Investment Board bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 105,000 shares of the specialty chemicals company’s stock, valued at approximately $3,037,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Axalta Coating Systems by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 18,161,002 shares of the specialty chemicals company’s stock valued at $581,878,000 after acquiring an additional 660,223 shares during the period. Diamond Hill Capital Management Inc. increased its position in Axalta Coating Systems by 3.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 10,292,166 shares of the specialty chemicals company’s stock valued at $297,649,000 after acquiring an additional 308,016 shares during the period. Davis Selected Advisers increased its position in Axalta Coating Systems by 7.9% in the 2nd quarter. Davis Selected Advisers now owns 7,228,390 shares of the specialty chemicals company’s stock valued at $231,598,000 after acquiring an additional 528,794 shares during the period. Timucuan Asset Management Inc. FL increased its position in Axalta Coating Systems by 1.0% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 3,743,877 shares of the specialty chemicals company’s stock valued at $119,954,000 after acquiring an additional 36,234 shares during the period. Finally, State Street Corp increased its position in Axalta Coating Systems by 11.2% in the 2nd quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock valued at $116,710,000 after acquiring an additional 365,915 shares during the period. Institutional investors and hedge funds own 95.72% of the company’s stock.

Several equities analysts recently issued reports on AXTA shares. Nomura upgraded Axalta Coating Systems to a “buy” rating and dropped their price target for the company from $30.00 to $28.00 in a research report on Tuesday, October 10th. Jefferies Group LLC restated a “buy” rating and issued a $34.00 price target (down previously from $36.00) on shares of Axalta Coating Systems in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a “buy” rating and issued a $34.00 price target on shares of Axalta Coating Systems in a research report on Wednesday, August 9th. Citigroup Inc. dropped their price target on Axalta Coating Systems from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, August 7th. Finally, KeyCorp restated a “buy” rating and issued a $36.00 price target on shares of Axalta Coating Systems in a research report on Thursday, October 12th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.87.

In other news, EVP Steven R. Markevich sold 160,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $29.37, for a total transaction of $4,699,200.00. Following the sale, the executive vice president now owns 280,377 shares of the company’s stock, valued at approximately $8,234,672.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael A. Cash sold 34,874 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $30.00, for a total value of $1,046,220.00. 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 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Shares of Axalta Coating Systems Ltd. (NYSE AXTA) opened at $33.18 on Friday. The firm has a market capitalization of $7,881.44, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 2.03 and a beta of 1.62. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50. Axalta Coating Systems Ltd. has a twelve month low of $24.72 and a twelve month high of $34.47.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 EPS. equities research analysts forecast that Axalta Coating Systems Ltd. will post 1.15 earnings per share for the current fiscal year.

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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.

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

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