New York State Common Retirement Fund lessened its stake in Axalta Coating Systems Ltd (NYSE:AXTA) by 16.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 606,440 shares of the specialty chemicals company’s stock after selling 119,575 shares during the quarter. New York State Common Retirement Fund owned about 0.25% of Axalta Coating Systems worth $17,538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado boosted its stake in shares of Axalta Coating Systems by 6.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 24,185 shares of the specialty chemicals company’s stock valued at $775,000 after buying an additional 1,464 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Axalta Coating Systems by 31.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,952,954 shares of the specialty chemicals company’s stock valued at $62,573,000 after buying an additional 465,671 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Axalta Coating Systems by 78.4% during the 2nd quarter. First Trust Advisors LP now owns 303,847 shares of the specialty chemicals company’s stock valued at $9,735,000 after buying an additional 133,489 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Axalta Coating Systems by 111.2% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 52,981 shares of the specialty chemicals company’s stock valued at $1,730,000 after buying an additional 27,890 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Axalta Coating Systems by 25.9% during the 2nd quarter. Rhumbline Advisers now owns 231,310 shares of the specialty chemicals company’s stock valued at $7,411,000 after buying an additional 47,569 shares during the last quarter. Hedge funds and other institutional investors own 99.28% of the company’s stock.

In other Axalta Coating Systems news, SVP Michael F. Finn sold 3,950 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total value of $129,007.00. Following the sale, the senior vice president now directly owns 108,818 shares of the company’s stock, valued at $3,553,995.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven R. Markevich sold 900 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 201,393 shares in the company, valued at $5,924,982.06. The disclosure for this sale can be found here. Insiders sold 39,724 shares of company stock worth $1,201,705 over the last ninety days. 2.30% of the stock is owned by corporate insiders.

Axalta Coating Systems Ltd (AXTA) opened at $31.00 on Friday. Axalta Coating Systems Ltd has a one year low of $26.20 and a one year high of $38.20. The stock has a market capitalization of $7,674.36, a price-to-earnings ratio of 28.38, a P/E/G ratio of 1.97 and a beta of 1.55. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.50 and a current ratio of 2.11.

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

Several equities analysts have recently commented on AXTA shares. Royal Bank of Canada reduced their target price on Axalta Coating Systems from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, September 27th. BidaskClub upgraded Axalta Coating Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, October 6th. Citigroup cut Axalta Coating Systems from a “neutral” rating to a “sell” rating and reduced their target price for the company from $31.00 to $25.00 in a research note on Tuesday, October 10th. Nomura upgraded Axalta Coating Systems to a “buy” rating and reduced their target price for the company from $30.00 to $28.00 in a research note on Tuesday, October 10th. Finally, KeyCorp reiterated a “buy” rating and set a $36.00 target price on shares of Axalta Coating Systems in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $33.73.

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Axalta Coating Systems Company 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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