Beacon Financial Group acquired a new stake in Axalta Coating Systems Ltd (NYSE:AXTA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,922 shares of the specialty chemicals company’s stock, valued at approximately $839,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Country Trust Bank acquired a new stake in Axalta Coating Systems in the third quarter valued at approximately $5,038,000. State Street Corp lifted its position in shares of Axalta Coating Systems by 11.2% in the second 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 in the last quarter. Principal Financial Group Inc. lifted its position in shares of Axalta Coating Systems by 1.0% in the third quarter. Principal Financial Group Inc. now owns 2,309,651 shares of the specialty chemicals company’s stock valued at $66,795,000 after acquiring an additional 22,515 shares in the last quarter. State of Wisconsin Investment Board lifted its position in shares of Axalta Coating Systems by 31.9% in the third quarter. State of Wisconsin Investment Board now owns 532,080 shares of the specialty chemicals company’s stock valued at $15,388,000 after acquiring an additional 128,682 shares in the last quarter. Finally, Federated Investors Inc. PA purchased a new position in shares of Axalta Coating Systems in the second quarter valued at approximately $2,379,000. 99.22% of the stock is currently owned by institutional investors.

In related news, SVP Michael F. Finn sold 3,950 shares of Axalta Coating Systems stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total transaction of $129,007.00. Following the transaction, the senior vice president now owns 108,818 shares in the company, valued at $3,553,995.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Axalta Coating Systems Ltd (AXTA) opened at $32.29 on Thursday. Axalta Coating Systems Ltd has a 1 year low of $27.22 and a 1 year high of $38.20. The company has a market capitalization of $7,870.00, a P/E ratio of 111.34, a P/E/G ratio of 1.69 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 EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.33 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. analysts forecast that Axalta Coating Systems Ltd will post 1.15 EPS for the current year.

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

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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 (NYSE:AXTA)

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