Voya Investment Management LLC Has $1.30 Million Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Voya Investment Management LLC decreased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 68.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,011 shares of the specialty chemicals company's stock after selling 84,068 shares during the period. Voya Investment Management LLC's holdings in Axalta Coating Systems were worth $1,301,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Eagle Bay Advisors LLC increased its holdings 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 valued at $28,000 after acquiring an additional 443 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Axalta Coating Systems by 60.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 498 shares during the period. UMB Bank n.a. boosted its position in Axalta Coating Systems by 35.4% in the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock valued at $72,000 after buying an additional 547 shares during the period. Plato Investment Management Ltd lifted its position in shares of Axalta Coating Systems by 156.4% in the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after purchasing an additional 1,365 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in shares of Axalta Coating Systems by 31.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock worth $88,000 after purchasing an additional 617 shares during the period. 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 shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the sale, the insider now directly owns 74,905 shares in the company, valued at $2,814,180.85. This represents a 12.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.40% of the company's stock.

Axalta Coating Systems Price Performance

NYSE:AXTA traded down $0.19 on Friday, reaching $31.08. 2,979,834 shares of the company's stock traded hands, compared to its average volume of 2,013,085. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The stock has a 50-day simple moving average of $32.50 and a 200-day simple moving average of $35.55. The firm has a market cap of $6.79 billion, a PE ratio of 17.46, a P/E/G ratio of 0.92 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm posted $0.48 earnings per share. Axalta Coating Systems's revenue for the quarter was down 2.5% compared to the same quarter last year. Equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. BNP Paribas upgraded shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective on the stock in a research note on Thursday, April 10th. StockNews.com downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday. Wolfe Research upgraded shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target for the company in a research note on Friday, January 17th. Barclays increased their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Finally, Wells Fargo & Company raised their price target on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the stock an "overweight" rating in a research note on Thursday. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Axalta Coating Systems presently has an average rating of "Moderate Buy" and a consensus price target of $40.60.

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.