Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 353,692 shares of the specialty chemicals company's stock after selling 354,214 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.16% of Axalta Coating Systems worth $12,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of AXTA. BlackRock Inc. lifted its position in shares of Axalta Coating Systems by 65.4% during the first quarter. BlackRock Inc. now owns 25,806,208 shares of the specialty chemicals company's stock worth $781,670,000 after purchasing an additional 10,208,408 shares during the last quarter. Millennium Management LLC lifted its position in shares of Axalta Coating Systems by 5,915.6% during the fourth quarter. Millennium Management LLC now owns 5,193,950 shares of the specialty chemicals company's stock worth $132,290,000 after purchasing an additional 5,107,608 shares during the last quarter. State Street Corp lifted its position in shares of Axalta Coating Systems by 68.2% during the first quarter. State Street Corp now owns 6,639,964 shares of the specialty chemicals company's stock worth $201,124,000 after purchasing an additional 2,692,774 shares during the last quarter. Norges Bank bought a new stake in shares of Axalta Coating Systems during the fourth quarter worth $53,517,000. Finally, Kinetic Partners Management LP bought a new stake in shares of Axalta Coating Systems during the third quarter worth $40,603,000. 98.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AXTA has been the subject of several research analyst reports. UBS Group downgraded Axalta Coating Systems from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $35.00 to $36.00 in a research report on Monday, January 8th. Wells Fargo & Company lifted their price objective on Axalta Coating Systems from $31.00 to $33.00 and gave the company an "equal weight" rating in a report on Tuesday, January 9th. Citigroup lifted their price objective on Axalta Coating Systems from $38.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price objective on Axalta Coating Systems from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Friday, February 9th. Finally, Wolfe Research started coverage on Axalta Coating Systems in a report on Friday, March 1st. They issued a "peer perform" rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, Axalta Coating Systems currently has a consensus rating of "Hold" and an average target price of $35.70.

Axalta Coating Systems Stock Down 0.5 %

NYSE:AXTA traded down $0.16 during midday trading on Tuesday, reaching $31.54. 1,705,038 shares of the stock traded hands, compared to its average volume of 1,915,826. Axalta Coating Systems Ltd. has a 12-month low of $25.03 and a 12-month high of $34.53. The business has a 50-day moving average of $32.69 and a two-hundred day moving average of $31.45. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.46 and a current ratio of 1.98. The stock has a market capitalization of $6.94 billion, a PE ratio of 26.23, a price-to-earnings-growth ratio of 1.03 and a beta of 1.51.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its earnings results on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.01). The firm had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.29 billion. Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. The company's revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. On average, equities analysts forecast that Axalta Coating Systems Ltd. will post 1.88 earnings per share for the current fiscal year.

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.