Nuveen Asset Management LLC Has $76.43 Million Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Nuveen Asset Management LLC cut its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,233,455 shares of the specialty chemicals company's stock after selling 30,319 shares during the period. Nuveen Asset Management LLC owned about 1.02% of Axalta Coating Systems worth $76,429,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AXTA. Victory Capital Management Inc. raised its holdings in shares of 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 buying an additional 988,397 shares in the last quarter. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 50,520 shares during the last quarter. Wellington Management Group LLP grew its position in Axalta Coating Systems by 1.3% in the fourth 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. Fuller & Thaler Asset Management Inc. raised its stake in Axalta Coating Systems by 54.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company's stock worth $191,190,000 after acquiring an additional 1,980,296 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Axalta Coating Systems by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,874,038 shares of the specialty chemicals company's stock worth $132,568,000 after acquiring an additional 93,298 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AXTA shares. Wells Fargo & Company raised their price target on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Morgan Stanley decreased their price target on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Citigroup decreased their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a report on Thursday, May 8th. Finally, The Goldman Sachs Group decreased their price target on shares of Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $40.38.

Axalta Coating Systems Trading Down 2.0%

NYSE:AXTA traded down $0.63 during mid-day trading on Friday, hitting $30.94. 2,108,841 shares of the company's stock were exchanged, compared to its average volume of 2,027,852. The company has a 50 day simple moving average of $32.04 and a 200-day simple moving average of $35.23. 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 fifty-two week low of $27.70 and a fifty-two week high of $41.66. The firm has a market capitalization of $6.76 billion, a P/E ratio of 17.38, a PEG ratio of 0.92 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.48 EPS. The firm's revenue was down 2.5% compared to the same quarter last year. As a group, research 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.