Charles Schwab Investment Management Inc. Acquires 9,572 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Charles Schwab Investment Management Inc. lifted its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,432,826 shares of the specialty chemicals company’s stock after purchasing an additional 9,572 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Axalta Coating Systems were worth $49,031,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC raised its position in Axalta Coating Systems by 0.9% during the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after acquiring an additional 31,894 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its position in Axalta Coating Systems by 68.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock worth $1,310,000 after acquiring an additional 14,704 shares in the last quarter. Oak Thistle LLC raised its position in Axalta Coating Systems by 434.3% during the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after acquiring an additional 32,135 shares in the last quarter. Lord Abbett & CO. LLC raised its position in Axalta Coating Systems by 5.8% during the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock worth $16,135,000 after acquiring an additional 24,402 shares in the last quarter. Finally, Sasco Capital Inc. CT raised its position in Axalta Coating Systems by 5.8% during the third quarter. Sasco Capital Inc. CT now owns 501,530 shares of the specialty chemicals company’s stock worth $18,150,000 after acquiring an additional 27,420 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Mizuho dropped their price target on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

Axalta Coating Systems Trading Down 1.3 %

AXTA stock opened at $33.43 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The company’s 50-day simple moving average is $35.95 and its 200 day simple moving average is $36.65. Axalta Coating Systems Ltd. has a 52 week low of $30.41 and a 52 week high of $41.65. The company has a market capitalization of $7.29 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company posted $0.43 earnings per share. Axalta Coating Systems’s revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Insider Activity at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the sale, the insider now directly owns 74,905 shares in the company, valued at $2,814,180.85. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.40% of the stock is currently owned by corporate insiders.

Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.