Natixis Advisors LLC Lowers Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Natixis Advisors LLC reduced its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 54.4% during the 4th quarter, HoldingsChannel reports. The firm owned 304,991 shares of the specialty chemicals company’s stock after selling 363,663 shares during the period. Natixis Advisors LLC’s holdings in Axalta Coating Systems were worth $10,437,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV increased its stake in shares of Axalta Coating Systems by 13.9% during the third quarter. KBC Group NV now owns 5,859 shares of the specialty chemicals company’s stock valued at $212,000 after buying an additional 716 shares during the period. Thrivent Financial for Lutherans grew its holdings in Axalta Coating Systems by 36.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 582,005 shares of the specialty chemicals company’s stock worth $21,062,000 after acquiring an additional 154,305 shares in the last quarter. LMR Partners LLP purchased a new position in Axalta Coating Systems during the 3rd quarter valued at about $361,000. Pathstone Holdings LLC raised its holdings in shares of Axalta Coating Systems by 1.1% in the 3rd quarter. Pathstone Holdings LLC now owns 166,916 shares of the specialty chemicals company’s stock valued at $6,041,000 after purchasing an additional 1,735 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 266 shares during the period. 98.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AXTA shares. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Mizuho cut their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research note on Friday, January 17th. StockNews.com lowered Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, 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 research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.08.

Insider Activity at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the completion of the sale, the insider now directly owns 74,905 shares in the company, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is owned by insiders.

Axalta Coating Systems Trading Up 0.1 %

NYSE:AXTA opened at $34.44 on Thursday. The company has a market capitalization of $7.51 billion, a P/E ratio of 19.35, a PEG ratio of 0.92 and a beta of 1.45. 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 12 month low of $30.41 and a 12 month high of $41.66. The firm has a fifty day simple moving average of $35.99 and a 200-day simple moving average of $36.62.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. On average, equities research analysts anticipate 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.