Sei Investments Co. Purchases 148,071 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Sei Investments Co. boosted its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 32.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 599,551 shares of the specialty chemicals company’s stock after acquiring an additional 148,071 shares during the period. Sei Investments Co.’s holdings in Axalta Coating Systems were worth $20,517,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Axalta Coating Systems by 57.8% during the 4th quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company’s stock worth $12,183,000 after purchasing an additional 130,427 shares during the last quarter. Virtu Financial LLC bought a new position in Axalta Coating Systems in the 4th quarter worth approximately $408,000. TD Private Client Wealth LLC increased its position in Axalta Coating Systems by 9.7% in the 4th quarter. TD Private Client Wealth LLC now owns 6,679 shares of the specialty chemicals company’s stock worth $229,000 after buying an additional 591 shares during the period. Magnetar Financial LLC lifted its holdings in shares of Axalta Coating Systems by 4.9% during the fourth quarter. Magnetar Financial LLC now owns 88,377 shares of the specialty chemicals company’s stock worth $3,024,000 after buying an additional 4,131 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Axalta Coating Systems by 31.0% in the fourth quarter. Teacher Retirement System of Texas now owns 151,180 shares of the specialty chemicals company’s stock valued at $5,173,000 after acquiring an additional 35,799 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AXTA shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Mizuho decreased their target price on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target for the company in a report on Friday, January 17th. Finally, Citigroup lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $45.00 to $41.00 in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.08.

Axalta Coating Systems Stock Down 0.0 %

Shares of NYSE:AXTA opened at $34.17 on Thursday. The company has a market capitalization of $7.45 billion, a PE ratio of 19.19, a P/E/G ratio of 0.92 and a beta of 1.45. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The company’s fifty day moving average is $35.96 and its 200-day moving average is $36.58. Axalta Coating Systems Ltd. has a 52 week low of $30.41 and a 52 week high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the firm earned $0.43 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal 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.