Asset Management One Co. Ltd. boosted its position in Axalta Coating Systems Ltd (NYSE:AXTA) by 5,901.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 327,727 shares of the specialty chemicals company’s stock after buying an additional 322,266 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.13% of Axalta Coating Systems worth $9,478,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Axalta Coating Systems by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 18,161,002 shares of the specialty chemicals company’s stock valued at $581,878,000 after buying an additional 660,223 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in Axalta Coating Systems by 3.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 10,292,166 shares of the specialty chemicals company’s stock valued at $297,649,000 after buying an additional 308,016 shares during the last quarter. Davis Selected Advisers raised its position in Axalta Coating Systems by 7.9% in the 2nd quarter. Davis Selected Advisers now owns 7,228,390 shares of the specialty chemicals company’s stock valued at $231,598,000 after buying an additional 528,794 shares during the last quarter. Timucuan Asset Management Inc. FL raised its position in Axalta Coating Systems by 1.0% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 3,743,877 shares of the specialty chemicals company’s stock valued at $119,954,000 after buying an additional 36,234 shares during the last quarter. Finally, State Street Corp raised its position in Axalta Coating Systems by 11.2% in the 2nd quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock valued at $116,710,000 after buying an additional 365,915 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Ltd (AXTA) opened at $31.00 on Monday. 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 Ltd has a one year low of $26.20 and a one year high of $38.20. The company has a market capitalization of $7,552.53, a P/E ratio of 27.93, a PEG ratio of 1.94 and a beta of 1.55.

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

In other news, SVP Michael A. Cash sold 34,874 shares of Axalta Coating Systems stock in a transaction that occurred on Thursday, October 5th. The stock was 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 Securities & Exchange Commission, which is available through this link. Also, EVP Steven R. Markevich sold 900 shares of Axalta Coating Systems stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $29.42, for a total value of $26,478.00. Following the transaction, the executive vice president now owns 201,393 shares of the company’s stock, 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 valued at $1,201,705 over the last quarter. 2.30% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on AXTA shares. BidaskClub downgraded Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 17th. Citigroup upgraded Axalta Coating Systems from a “sell” rating to a “hold” rating and set a $34.00 price target for the company in a research note on Monday, October 30th. Credit Suisse Group raised their price target on Axalta Coating Systems from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Nomura upgraded Axalta Coating Systems to a “buy” rating and decreased their price target for the company from $30.00 to $28.00 in a research note on Tuesday, October 10th. Finally, UBS decreased their price target on Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $33.73.

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Axalta Coating Systems 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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