Axalta Coating Systems Ltd. (NYSE:AXTA) Stock Holdings Increased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 9.6% in the 4th quarter, Holdings Channel reports. The firm owned 11,321,994 shares of the specialty chemicals company’s stock after buying an additional 988,397 shares during the period. Victory Capital Management Inc. owned approximately 0.05% of Axalta Coating Systems worth $387,439,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in 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 valued at $132,823,000 after purchasing an additional 31,894 shares during the period. Dynamic Technology Lab Private Ltd raised its position in Axalta Coating Systems by 68.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock valued at $1,310,000 after buying an additional 14,704 shares during the period. Oak Thistle LLC lifted its stake in Axalta Coating Systems by 434.3% in the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after acquiring an additional 32,135 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in Axalta Coating Systems by 5.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock worth $16,135,000 after acquiring an additional 24,402 shares during the period. Finally, Sasco Capital Inc. CT grew its stake in Axalta Coating Systems by 5.8% during the 3rd quarter. Sasco Capital Inc. CT now owns 501,530 shares of the specialty chemicals company’s stock valued at $18,150,000 after acquiring an additional 27,420 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AXTA. Mizuho reduced their price target on shares of 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. BMO Capital Markets upped their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price target on the stock. Finally, Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

Insider Transactions 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 stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the sale, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $34.33 on Wednesday. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 0.92 and a beta of 1.45. The firm has a fifty day simple moving average of $35.93 and a 200-day simple moving average of $36.70. Axalta Coating Systems Ltd. has a 1-year low of $30.41 and a 1-year high of $41.65. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74.

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

Axalta Coating Systems Company 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.