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

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

Other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in Axalta Coating Systems by 9.6% during the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock worth $387,439,000 after purchasing an additional 988,397 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Axalta Coating Systems by 0.4% in the fourth quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company’s stock valued at $386,032,000 after buying an additional 50,520 shares during the last quarter. State Street Corp boosted its stake in shares of Axalta Coating Systems by 0.7% during the third quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company’s stock worth $246,923,000 after buying an additional 46,813 shares during the period. Geode Capital Management LLC grew its holdings in shares of Axalta Coating Systems by 0.9% during the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after buying an additional 31,894 shares during the last quarter. Finally, Norges Bank acquired a new position in Axalta Coating Systems in the 4th quarter valued at about $87,850,000. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the company’s stock in a transaction dated 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 owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This represents 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. 0.40% of the stock is owned by corporate insiders.

Axalta Coating Systems Price Performance

AXTA stock opened at $33.87 on Thursday. The firm has a 50 day moving average of $35.65 and a 200-day moving average of $36.54. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 0.92 and a beta of 1.33. 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 Ltd. has a 12-month low of $30.41 and a 12-month high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. Axalta Coating Systems’s revenue was up 1.1% on a year-over-year basis. As a group, equities analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. 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 research note on Thursday, December 19th. Mizuho dropped their price objective on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Finally, Barclays increased their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average 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.