Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP increased its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,598,172 shares of the specialty chemicals company’s stock after purchasing an additional 82,200 shares during the period. Wellington Management Group LLP owned 3.02% of Axalta Coating Systems worth $225,789,000 at the end of the most recent quarter.

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

Axalta Coating Systems Price Performance

Axalta Coating Systems stock opened at $33.87 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The company has a fifty day simple moving average of $35.65 and a 200-day simple moving average of $36.54. The stock has a market cap of $7.39 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. Axalta Coating Systems Ltd. has a 12-month low of $30.41 and a 12-month high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business earned $0.43 EPS. Axalta Coating Systems’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Insider Activity at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on AXTA shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. 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 report on Friday, January 17th. StockNews.com downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Citigroup cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their target price for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Finally, KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $43.08.

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.