Securian Asset Management Inc. Sells 568 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Securian Asset Management Inc. lowered its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,485 shares of the specialty chemicals company’s stock after selling 568 shares during the quarter. Securian Asset Management Inc.’s holdings in Axalta Coating Systems were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in AXTA. Eagle Bay Advisors LLC raised its stake in shares of Axalta Coating Systems by 116.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 443 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Axalta Coating Systems by 35.2% in the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 266 shares during the period. True Wealth Design LLC bought a new position in shares of Axalta Coating Systems in the third quarter worth about $37,000. Millburn Ridgefield Corp bought a new position in shares of Axalta Coating Systems in the third quarter worth about $41,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 498 shares during the period. Institutional investors own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

AXTA has been the topic of several recent research reports. Barclays raised their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Mizuho cut their target price on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. StockNews.com cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Finally, Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.08.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $34.44 on Monday. The stock has a market capitalization of $7.51 billion, a PE ratio of 19.35, a P/E/G ratio of 0.92 and a beta of 1.45. The business has a 50 day simple moving average of $35.97 and a two-hundred day simple moving average of $36.66. 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 Ltd. has a 1-year low of $30.41 and a 1-year high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results 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. The business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 EPS. On average, research analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS 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 that occurred on Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.40% of the company’s stock.

About Axalta Coating Systems

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.