AQR Capital Management LLC Sells 123,564 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

AQR Capital Management LLC lowered its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 934,881 shares of the specialty chemicals company's stock after selling 123,564 shares during the quarter. AQR Capital Management LLC owned about 0.43% of Axalta Coating Systems worth $31,954,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in AXTA. Eagle Bay Advisors LLC increased its stake in Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock worth $28,000 after acquiring an additional 443 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Axalta Coating Systems by 60.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 498 shares in the last quarter. UMB Bank n.a. increased its position in shares of Axalta Coating Systems by 35.4% in the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock worth $72,000 after purchasing an additional 547 shares during the last quarter. Plato Investment Management Ltd raised its stake in Axalta Coating Systems by 156.4% in the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock valued at $77,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Axalta Coating Systems by 31.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock valued at $88,000 after purchasing an additional 617 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

Insiders Place Their Bets

In other news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the transaction, the insider now owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AXTA shares. Mizuho set a $37.00 price objective on shares of Axalta Coating Systems in a research report on Tuesday, April 15th. Barclays lifted their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. Wolfe Research upgraded Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective for the company in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective on Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Thursday, April 10th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.36.

Axalta Coating Systems Stock Up 2.7 %

NYSE AXTA opened at $33.21 on Friday. Axalta Coating Systems Ltd. has a 1 year low of $27.70 and a 1 year high of $41.66. The stock has a market capitalization of $7.26 billion, a PE ratio of 18.66, a PEG ratio of 0.92 and a beta of 1.33. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The business's 50-day moving average is $32.85 and its 200 day moving average is $35.69.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the previous year, the firm earned $0.43 earnings per share. The business's revenue was up 1.1% compared to the same quarter last year. Sell-side analysts forecast 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.

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