Axalta Coating Systems Ltd (AXTA) Stake Lifted by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Axalta Coating Systems Ltd (NYSE:AXTA) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,569 shares of the specialty chemicals company’s stock after acquiring an additional 1,997 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Axalta Coating Systems were worth $1,019,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Advisor Group Inc. grew its position in Axalta Coating Systems by 217.3% during the second quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 3,837 shares during the period. Dimensional Fund Advisors LP grew its position in Axalta Coating Systems by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 900,444 shares of the specialty chemicals company’s stock worth $28,851,000 after buying an additional 50,471 shares during the period. State Street Corp grew its position in Axalta Coating Systems by 11.2% during the second quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock worth $116,710,000 after buying an additional 365,915 shares during the period. The Manufacturers Life Insurance Company grew its position in Axalta Coating Systems by 14.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,070 shares of the specialty chemicals company’s stock worth $291,000 after buying an additional 1,141 shares during the period. Finally, California State Teachers Retirement System grew its position in Axalta Coating Systems by 23.4% during the second quarter. California State Teachers Retirement System now owns 403,435 shares of the specialty chemicals company’s stock worth $12,926,000 after buying an additional 76,394 shares during the period. Institutional investors and hedge funds own 99.32% of the company’s stock.

Several brokerages have weighed in on AXTA. Nomura upped their target price on shares of Axalta Coating Systems from $29.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Credit Suisse Group upped their target price on shares of Axalta Coating Systems from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Royal Bank of Canada restated a “buy” rating and set a $35.00 target price on shares of Axalta Coating Systems in a research report on Thursday, February 8th. Vertical Research upgraded shares of Axalta Coating Systems from a “hold” rating to a “buy” rating and upped their target price for the stock from $29.00 to $37.00 in a research report on Tuesday, October 31st. Finally, Raymond James Financial started coverage on shares of Axalta Coating Systems in a research report on Tuesday, December 19th. They issued a “market perform” rating on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. Axalta Coating Systems currently has an average rating of “Hold” and an average target price of $33.50.

In related news, CEO Charles W. Shaver sold 219,719 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $30.57, for a total transaction of $6,716,809.83. Following the completion of the sale, the chief executive officer now directly owns 522,752 shares of the company’s stock, valued at approximately $15,980,528.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Charles W. Shaver sold 235,810 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $30.58, for a total transaction of $7,211,069.80. Following the sale, the chief executive officer now directly owns 522,752 shares of the company’s stock, valued at $15,985,756.16. The disclosure for this sale can be found here. Insiders sold 473,902 shares of company stock valued at $14,498,467 in the last three months. Company insiders own 2.30% of the company’s stock.

Shares of Axalta Coating Systems Ltd (AXTA) opened at $31.00 on Wednesday. Axalta Coating Systems Ltd has a 52-week low of $27.77 and a 52-week high of $38.20. The stock has a market cap of $7,463.34, a price-to-earnings ratio of 238.48, a PEG ratio of 1.66 and a beta of 1.38. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 2.69.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. Axalta Coating Systems had a net margin of 0.84% and a return on equity of 20.93%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned ($0.16) earnings per share. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. research analysts forecast that Axalta Coating Systems Ltd will post 1.34 EPS for the current fiscal year.

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Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

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Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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