BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Axalta Coating Systems Ltd (NYSE:AXTA) by 142.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,123 shares of the specialty chemicals company’s stock after purchasing an additional 96,982 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.07% of Axalta Coating Systems worth $3,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Axalta Coating Systems by 79.9% in the 3rd quarter. FMR LLC now owns 6,696,710 shares of the specialty chemicals company’s stock valued at $195,277,000 after purchasing an additional 2,973,422 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Axalta Coating Systems by 89.4% in the 3rd quarter. Renaissance Technologies LLC now owns 2,349,500 shares of the specialty chemicals company’s stock valued at $68,511,000 after purchasing an additional 1,108,903 shares during the last quarter. Federated Investors Inc. PA increased its stake in shares of Axalta Coating Systems by 790.5% in the 3rd quarter. Federated Investors Inc. PA now owns 986,235 shares of the specialty chemicals company’s stock valued at $28,759,000 after purchasing an additional 875,480 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Axalta Coating Systems by 17.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,704,794 shares of the specialty chemicals company’s stock valued at $133,606,000 after purchasing an additional 844,587 shares during the last quarter. Finally, Zimmer Partners LP bought a new position in shares of Axalta Coating Systems in the 3rd quarter valued at $18,654,000. 99.08% of the stock is owned by institutional investors and hedge funds.

AXTA has been the topic of a number of research reports. UBS Group set a $32.00 price objective on Axalta Coating Systems and gave the stock a “buy” rating in a research report on Thursday, December 20th. Credit Suisse Group set a $34.00 price objective on Axalta Coating Systems and gave the stock a “buy” rating in a research report on Thursday, December 13th. Bank of America upgraded Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, January 8th. Zacks Investment Research upgraded Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 20th. Finally, ValuEngine lowered Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.30.

In other Axalta Coating Systems news, Director Charles W. Shaver sold 71,897 shares of Axalta Coating Systems stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $25.02, for a total transaction of $1,798,862.94. Following the transaction, the director now directly owns 442,419 shares of the company’s stock, valued at approximately $11,069,323.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Charles W. Shaver sold 126,862 shares of Axalta Coating Systems stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $25.05, for a total value of $3,177,893.10. Following the transaction, the director now directly owns 567,690 shares in the company, valued at $14,220,634.50. The disclosure for this sale can be found here. Insiders have sold a total of 964,729 shares of company stock worth $25,102,588 over the last ninety days. Company insiders own 2.10% of the company’s stock.

Shares of AXTA opened at $26.09 on Friday. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.50 and a beta of 1.25. Axalta Coating Systems Ltd has a 12 month low of $21.58 and a 12 month high of $32.99. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.63 and a current ratio of 2.22.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Wednesday, January 30th. The specialty chemicals company reported $0.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Axalta Coating Systems had a return on equity of 22.20% and a net margin of 4.42%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.26) EPS. On average, equities research analysts forecast that Axalta Coating Systems Ltd will post 1.34 EPS for the current year.

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About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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

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