Aperio Group LLC lessened its position in Axalta Coating Systems Ltd (NYSE:AXTA) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,684 shares of the specialty chemicals company’s stock after selling 3,285 shares during the period. Aperio Group LLC’s holdings in Axalta Coating Systems were worth $1,157,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in AXTA. Moneta Group Investment Advisors LLC boosted its holdings in shares of Axalta Coating Systems by 113.6% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 3,983 shares of the specialty chemicals company’s stock worth $121,000 after buying an additional 2,118 shares during the period. First Quadrant L P CA bought a new stake in shares of Axalta Coating Systems during the 2nd quarter worth about $124,000. Chicago Partners Investment Group LLC boosted its holdings in shares of Axalta Coating Systems by 78.1% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 4,106 shares of the specialty chemicals company’s stock worth $124,000 after buying an additional 1,800 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Axalta Coating Systems by 120.7% during the 2nd quarter. Captrust Financial Advisors now owns 6,742 shares of the specialty chemicals company’s stock worth $204,000 after buying an additional 3,687 shares during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Axalta Coating Systems during the 2nd quarter worth about $263,000.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a report on Monday, October 29th. Seaport Global Securities upgraded shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Monday, October 29th. BMO Capital Markets dropped their price objective on shares of Axalta Coating Systems from $34.00 to $28.00 and set a “hold” rating for the company in a research note on Friday, October 26th. Nomura dropped their price objective on shares of Axalta Coating Systems from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. Finally, Barclays dropped their price objective on shares of Axalta Coating Systems from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $31.36.

Shares of Axalta Coating Systems stock opened at $24.92 on Wednesday. Axalta Coating Systems Ltd has a twelve month low of $23.65 and a twelve month high of $38.20. The company has a quick ratio of 1.63, a current ratio of 2.23 and a debt-to-equity ratio of 2.86. The stock has a market capitalization of $6.05 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.37.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, October 25th. The specialty chemicals company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.03. Axalta Coating Systems had a net margin of 1.49% and a return on equity of 22.53%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.16 billion. As a group, equities research analysts expect that Axalta Coating Systems Ltd will post 1.26 EPS for the current fiscal year.

In other news, VP Sean M. Lannon sold 8,480 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of $30.00, for a total value of $254,400.00. Following the completion of the transaction, the vice president now directly owns 18,856 shares in the company, valued at approximately $565,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven R. Markevich sold 16,197 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $29.17, for a total transaction of $472,466.49. Following the completion of the transaction, the executive vice president now owns 161,697 shares of the company’s stock, valued at $4,716,701.49. The disclosure for this sale can be found here. Insiders sold a total of 289,677 shares of company stock valued at $8,602,241 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

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About Axalta Coating Systems

Axalta Coating Systems Ltd. manufactures, markets, and distributes coatings systems. It operates through the following segments: Performance Coatings and Transportation Coatings. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles.

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

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