Treasurer of the State of North Carolina Sells 530 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Treasurer of the State of North Carolina decreased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 0.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 95,707 shares of the specialty chemicals company’s stock after selling 530 shares during the period. Treasurer of the State of North Carolina’s holdings in Axalta Coating Systems were worth $3,275,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of Axalta Coating Systems by 9.6% in the fourth quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock worth $387,439,000 after buying an additional 988,397 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Axalta Coating Systems by 0.4% in the 4th quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company’s stock valued at $386,032,000 after acquiring an additional 50,520 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Axalta Coating Systems by 1.3% during the 4th quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company’s stock valued at $225,789,000 after acquiring an additional 82,200 shares during the last quarter. Norges Bank purchased a new position in shares of Axalta Coating Systems during the fourth quarter worth about $87,850,000. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of Axalta Coating Systems by 35.4% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,620,459 shares of the specialty chemicals company’s stock worth $55,452,000 after purchasing an additional 423,883 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Performance

Shares of NYSE:AXTA opened at $31.15 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 50-day moving average price of $34.09 and a 200-day moving average price of $36.05. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 17.50, 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 $27.70 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 for the quarter, topping 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 business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. As a group, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Barclays lifted their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft cut 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 report on Thursday, December 19th. StockNews.com cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Mizuho set a $37.00 target price on Axalta Coating Systems in a research report on Tuesday. Finally, BNP Paribas raised shares of Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price target on the stock in a research note on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $41.36.

Insider Buying and Selling at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the sale, the insider now owns 74,905 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

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.