The Manufacturers Life Insurance Company Sells 171,993 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

The Manufacturers Life Insurance Company trimmed its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,695,439 shares of the specialty chemicals company's stock after selling 171,993 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 1.24% of Axalta Coating Systems worth $92,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Oak Thistle LLC raised its position in Axalta Coating Systems by 434.3% during the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company's stock valued at $1,353,000 after purchasing an additional 32,135 shares during the last quarter. Lord Abbett & CO. LLC increased its position in shares of Axalta Coating Systems by 5.8% during the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company's stock valued at $16,135,000 after buying an additional 24,402 shares during the period. American Century Companies Inc. raised its stake in Axalta Coating Systems by 57.8% in the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company's stock worth $12,183,000 after buying an additional 130,427 shares in the last quarter. Principal Securities Inc. lifted its holdings in Axalta Coating Systems by 5.5% in the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock worth $218,000 after buying an additional 332 shares during the period. Finally, Barclays PLC boosted its position in Axalta Coating Systems by 50.4% during the 3rd quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company's stock valued at $5,589,000 after acquiring an additional 51,748 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AXTA has been the subject of several research reports. Wolfe Research raised Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 target price for the company in a research report on Friday, January 17th. Mizuho set a $37.00 price objective on Axalta Coating Systems in a report on Tuesday, April 15th. Citigroup dropped their target price 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. Barclays upped their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Finally, BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Thursday, April 10th. Three 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, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $41.36.

Axalta Coating Systems Stock Up 0.2 %

AXTA stock opened at $31.82 on Wednesday. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.66. The business has a fifty day moving average price of $33.07 and a 200-day moving average price of $35.77. 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 stock has a market capitalization of $6.95 billion, a P/E ratio of 17.87, a P/E/G ratio of 0.92 and a beta of 1.33.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results 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 business had revenue of $1.31 billion during 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%. Axalta Coating Systems's revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. Equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now directly owns 74,905 shares of the company's stock, valued at $2,814,180.85. This represents a 12.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.40% of the stock is currently owned by corporate insiders.

About Axalta Coating Systems

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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