Barrow Hanley Mewhinney & Strauss LLC lowered its stake in Axalta Coating Systems Ltd (NYSE:AXTA) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,824,098 shares of the specialty chemicals company’s stock after selling 40,042 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 2.39% of Axalta Coating Systems worth $168,433,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Burgundy Asset Management Ltd. boosted its holdings in Axalta Coating Systems by 6.0% in the third quarter. Burgundy Asset Management Ltd. now owns 216,550 shares of the specialty chemicals company’s stock worth $6,263,000 after purchasing an additional 12,319 shares during the last quarter. Jana Partners LLC purchased a new stake in Axalta Coating Systems in the third quarter worth approximately $21,996,000. Davis Selected Advisers boosted its holdings in Axalta Coating Systems by 30.1% in the third quarter. Davis Selected Advisers now owns 9,402,305 shares of the specialty chemicals company’s stock worth $271,921,000 after purchasing an additional 2,173,915 shares during the last quarter. Yellowstone Partners LLC purchased a new stake in Axalta Coating Systems in the third quarter worth approximately $2,410,000. Finally, California Public Employees Retirement System boosted its stake in shares of Axalta Coating Systems by 4.7% during the 3rd quarter. California Public Employees Retirement System now owns 343,935 shares of the specialty chemicals company’s stock worth $9,947,000 after acquiring an additional 15,435 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

Several research analysts have recently weighed in on AXTA shares. Royal Bank of Canada dropped their price target on shares of Axalta Coating Systems from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 27th. BidaskClub upgraded shares of Axalta Coating Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, October 6th. Citigroup cut shares of Axalta Coating Systems from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $31.00 to $25.00 in a research note on Tuesday, October 10th. Nomura upgraded shares of Axalta Coating Systems to a “buy” rating and dropped their price target for the stock from $30.00 to $28.00 in a research note on Tuesday, October 10th. Finally, KeyCorp reiterated a “buy” rating and set a $36.00 price target on shares of Axalta Coating Systems in a research note on Thursday, October 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.73.

In other news, SVP Michael A. Cash sold 34,874 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $30.00, for a total transaction of $1,046,220.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Steven R. Markevich sold 900 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $29.42, for a total transaction of $26,478.00. Following the sale, the executive vice president now owns 201,393 shares in the company, valued at $5,924,982.06. The disclosure for this sale can be found here. Insiders have sold a total of 39,724 shares of company stock worth $1,201,705 over the last 90 days. Insiders own 2.30% of the company’s stock.

Shares of Axalta Coating Systems Ltd (NYSE AXTA) opened at $31.00 on Friday. The company has a market cap of $7,674.36, a price-to-earnings ratio of 28.38, a PEG ratio of 1.97 and a beta of 1.55. Axalta Coating Systems Ltd has a 52-week low of $26.20 and a 52-week high of $38.20. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.50 and a current ratio of 2.11.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The company’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. analysts anticipate that Axalta Coating Systems Ltd will post 1.15 earnings per share 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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