JPMorgan Chase & Co. Has $386.03 Million Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

JPMorgan Chase & Co. increased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 0.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,280,882 shares of the specialty chemicals company’s stock after acquiring an additional 50,520 shares during the period. JPMorgan Chase & Co. owned about 5.17% of Axalta Coating Systems worth $386,032,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in shares of Axalta Coating Systems by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after acquiring an additional 31,894 shares during the last quarter. Oak Thistle LLC increased its holdings in shares of Axalta Coating Systems by 434.3% in the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock valued at $1,353,000 after purchasing an additional 32,135 shares during the last quarter. Lord Abbett & CO. LLC raised its position in shares of Axalta Coating Systems by 5.8% in the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock valued at $16,135,000 after purchasing an additional 24,402 shares during the period. Principal Securities Inc. lifted its stake in shares of Axalta Coating Systems by 5.5% during the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock worth $218,000 after buying an additional 332 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Axalta Coating Systems by 50.4% during the 3rd quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company’s stock worth $5,589,000 after buying an additional 51,748 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays raised their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target for the company in a research note on Friday, January 17th. Mizuho decreased their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $43.08.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $32.87 on Friday. The company’s 50 day moving average price is $35.84 and its two-hundred day moving average price is $36.56. The firm has a market capitalization of $7.17 billion, a P/E ratio of 18.46, a P/E/G ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a fifty-two week low of $30.41 and a fifty-two week high of $41.66. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $0.43 EPS. Axalta Coating Systems’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insider Transactions at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now owns 74,905 shares in the company, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company’s stock.

Axalta Coating Systems Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.