Axalta Coating Systems Ltd. (NYSE:AXTA) Stock Position Trimmed by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 4.9% in the fourth quarter, HoldingsChannel reports. The fund owned 246,742 shares of the specialty chemicals company’s stock after selling 12,603 shares during the period. Corebridge Financial Inc.’s holdings in Axalta Coating Systems were worth $8,444,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of Axalta Coating Systems by 46.1% in the fourth quarter. LPL Financial LLC now owns 82,380 shares of the specialty chemicals company’s stock valued at $2,819,000 after buying an additional 25,987 shares during the period. Fox Run Management L.L.C. boosted its stake in Axalta Coating Systems by 71.3% in the 4th quarter. Fox Run Management L.L.C. now owns 20,464 shares of the specialty chemicals company’s stock worth $700,000 after purchasing an additional 8,519 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Axalta Coating Systems during the fourth quarter valued at $1,519,000. Hillsdale Investment Management Inc. grew its stake in Axalta Coating Systems by 3.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 21,150 shares of the specialty chemicals company’s stock valued at $724,000 after acquiring an additional 800 shares in the last quarter. Finally, Sei Investments Co. grew its position in Axalta Coating Systems by 32.8% during the fourth quarter. Sei Investments Co. now owns 599,551 shares of the specialty chemicals company’s stock valued at $20,517,000 after purchasing an additional 148,071 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value 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. This trade represents 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. Insiders own 0.40% of the company’s stock.

Axalta Coating Systems Trading Down 3.2 %

Shares of NYSE AXTA opened at $33.08 on Friday. The company has a 50-day moving average of $35.91 and a two-hundred day moving average of $36.56. 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 market cap of $7.22 billion, a PE ratio of 18.58, a P/E/G ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a 1-year low of $30.41 and a 1-year high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. Axalta Coating Systems’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 EPS. As a group, equities analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on AXTA shares. Barclays upped their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lowered their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. 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 note on Tuesday, January 7th. Finally, Wolfe Research upgraded shares of 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. 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 company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.08.

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.