MARSHALL WACE ASIA Ltd decreased its position in Axalta Coating Systems Ltd (NYSE:AXTA) by 45.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 839,464 shares of the specialty chemicals company’s stock after selling 709,989 shares during the period. MARSHALL WACE ASIA Ltd owned about 0.35% of Axalta Coating Systems worth $24,479,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in Axalta Coating Systems by 5.0% during the second quarter. BlackRock Inc. now owns 11,018,312 shares of the specialty chemicals company’s stock worth $333,966,000 after buying an additional 527,527 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Axalta Coating Systems by 2.0% during the third quarter. Diamond Hill Capital Management Inc. now owns 10,630,592 shares of the specialty chemicals company’s stock worth $309,988,000 after buying an additional 210,997 shares in the last quarter. FMR LLC boosted its holdings in Axalta Coating Systems by 79.9% during the third quarter. FMR LLC now owns 6,696,710 shares of the specialty chemicals company’s stock worth $195,277,000 after buying an additional 2,973,422 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Axalta Coating Systems by 40.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,860,207 shares of the specialty chemicals company’s stock worth $141,724,000 after buying an additional 1,390,710 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Axalta Coating Systems by 32.4% during the third quarter. Bessemer Group Inc. now owns 4,498,794 shares of the specialty chemicals company’s stock worth $131,183,000 after buying an additional 1,100,838 shares in the last quarter. 99.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:AXTA traded up $0.12 during trading on Thursday, reaching $24.61. The stock had a trading volume of 3,726,300 shares, compared to its average volume of 2,081,083. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.23 and a quick ratio of 1.63. The firm has a market cap of $5.85 billion, a PE ratio of 20.68, a P/E/G ratio of 1.33 and a beta of 1.37. Axalta Coating Systems Ltd has a fifty-two week low of $23.65 and a fifty-two week high of $33.30.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Thursday, October 25th. The specialty chemicals company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. Axalta Coating Systems had a net margin of 1.49% and a return on equity of 22.53%. As a group, sell-side analysts expect that Axalta Coating Systems Ltd will post 1.27 earnings per share for the current fiscal year.

A number of research firms recently commented on AXTA. Zacks Investment Research downgraded shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a report on Monday, October 1st. Citigroup cut their target price on shares of Axalta Coating Systems from $33.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, October 11th. Nomura cut their target price on shares of Axalta Coating Systems from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, October 15th. KeyCorp cut their target price on shares of Axalta Coating Systems from $36.00 to $31.00 and set an “overweight” rating for the company in a research report on Friday, October 26th. Finally, ValuEngine cut shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $31.40.

In other news, EVP Steven R. Markevich sold 13,500 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $29.47, for a total value of $397,845.00. Following the completion of the transaction, the executive vice president now owns 177,029 shares of the company’s stock, valued at $5,217,044.63. The transaction was disclosed in a document filed with the SEC, which is accessible 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 directly owns 161,697 shares of the company’s stock, valued at approximately $4,716,701.49. The disclosure for this sale can be found here. Insiders own 2.30% 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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