Westfield Capital Management Co. LP cut its position in shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) by 5.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,504,315 shares of the specialty chemicals company’s stock after selling 81,060 shares during the quarter. Westfield Capital Management Co. LP owned 0.62% of Axalta Coating Systems worth $48,198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. US Bancorp DE lifted its stake in Axalta Coating Systems by 0.5% in the first quarter. US Bancorp DE now owns 14,234 shares of the specialty chemicals company’s stock valued at $458,000 after buying an additional 74 shares during the last quarter. ProShare Advisors LLC lifted its stake in Axalta Coating Systems by 0.9% in the first quarter. ProShare Advisors LLC now owns 16,703 shares of the specialty chemicals company’s stock valued at $538,000 after buying an additional 157 shares during the last quarter. Aristotle Capital Management LLC lifted its stake in Axalta Coating Systems by 0.3% in the first quarter. Aristotle Capital Management LLC now owns 70,900 shares of the specialty chemicals company’s stock valued at $2,283,000 after buying an additional 180 shares during the last quarter. HighTower Advisors LLC lifted its stake in Axalta Coating Systems by 1.4% in the first quarter. HighTower Advisors LLC now owns 15,520 shares of the specialty chemicals company’s stock valued at $499,000 after buying an additional 209 shares during the last quarter. Finally, Financial Counselors Inc. lifted its stake in Axalta Coating Systems by 3.3% in the second quarter. Financial Counselors Inc. now owns 7,145 shares of the specialty chemicals company’s stock valued at $229,000 after buying an additional 225 shares during the last quarter.

In other news, CFO Robert W. Bryant sold 114,500 shares of the company’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $32.13, for a total transaction of $3,678,885.00. Following the transaction, the chief financial officer now owns 328,234 shares of the company’s stock, valued at $10,546,158.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Sean M. Lannon sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $33.00, for a total value of $165,000.00. Following the transaction, the vice president now directly owns 16,286 shares in the company, valued at approximately $537,438. The disclosure for this sale can be found here. In the last three months, insiders sold 319,500 shares of company stock worth $9,828,285.

A number of equities research analysts have issued reports on AXTA shares. Bank of America Corporation cut Axalta Coating Systems from a “buy” rating to an “underperform” rating and cut their target price for the company from $36.00 to $30.00 in a research note on Wednesday, June 21st. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 target price on shares of Axalta Coating Systems in a research note on Friday, July 14th. BidaskClub upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Wednesday, June 28th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Axalta Coating Systems in a research note on Thursday, July 6th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.36.

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Shares of Axalta Coating Systems Ltd (NASDAQ AXTA) traded up 0.27% on Friday, hitting $29.25. The stock had a trading volume of 1,824,666 shares. Axalta Coating Systems Ltd has a 52 week low of $24.27 and a 52 week high of $34.10. The firm has a 50 day moving average price of $29.32 and a 200-day moving average price of $31.20. The company has a market cap of $7.11 billion and a price-to-earnings ratio of 2925.00.

Axalta Coating Systems (NASDAQ:AXTA) last posted its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.08). The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.12 billion. Axalta Coating Systems had a negative return on equity of 6.61% and a negative net margin of 1.73%. Axalta Coating Systems’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. Analysts anticipate that Axalta Coating Systems Ltd will post $1.30 EPS for the current year.

About Axalta Coating Systems

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.

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

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