Channing Capital Management LLC Sells 22,032 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Channing Capital Management LLC lessened its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 334,385 shares of the specialty chemicals company's stock after selling 22,032 shares during the period. Channing Capital Management LLC owned 0.15% of Axalta Coating Systems worth $11,359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Victory Capital Management Inc. lifted its stake in Axalta Coating Systems by 1,856.6% in the 4th quarter. Victory Capital Management Inc. now owns 5,866,601 shares of the specialty chemicals company's stock worth $199,288,000 after purchasing an additional 5,566,757 shares in the last quarter. Kinetic Partners Management LP purchased a new stake in shares of Axalta Coating Systems in the third quarter worth about $40,603,000. JPMorgan Chase & Co. boosted its stake in Axalta Coating Systems by 11.7% during the third quarter. JPMorgan Chase & Co. now owns 13,470,860 shares of the specialty chemicals company's stock valued at $362,366,000 after buying an additional 1,415,723 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Axalta Coating Systems by 485.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,584,488 shares of the specialty chemicals company's stock valued at $42,623,000 after buying an additional 1,313,625 shares in the last quarter. Finally, 59 North Capital Management LP bought a new stake in Axalta Coating Systems in the 3rd quarter worth approximately $32,390,000. 98.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on AXTA. Citigroup increased their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. Robert W. Baird lifted their price objective on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company an "overweight" rating in a research report on Thursday. BMO Capital Markets increased their price target on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Wells Fargo & Company boosted their price objective on Axalta Coating Systems from $31.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Axalta Coating Systems currently has a consensus rating of "Moderate Buy" and an average price target of $38.00.

Axalta Coating Systems Trading Up 1.1 %

Shares of NYSE AXTA traded up $0.37 during mid-day trading on Friday, reaching $35.20. 3,991,263 shares of the company's stock were exchanged, compared to its average volume of 2,581,191. The company's 50-day moving average is $32.84 and its 200-day moving average is $31.95. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.46 and a current ratio of 2.07. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.09 and a beta of 1.51. Axalta Coating Systems Ltd. has a 52-week low of $25.03 and a 52-week high of $35.31.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.40 by $0.08. Axalta Coating Systems had a net margin of 4.77% and a return on equity of 21.82%. The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $0.35 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts expect that Axalta Coating Systems Ltd. will post 1.99 EPS 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.

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