Envestnet Asset Management Inc. lifted its holdings in Axalta Coating Systems Ltd (NYSE:AXTA) by 16.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,285 shares of the specialty chemicals company’s stock after purchasing an additional 10,960 shares during the period. Envestnet Asset Management Inc.’s holdings in Axalta Coating Systems were worth $2,235,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of AXTA. Aperio Group LLC boosted its holdings in Axalta Coating Systems by 48.8% in the 2nd quarter. Aperio Group LLC now owns 32,258 shares of the specialty chemicals company’s stock worth $1,034,000 after buying an additional 10,574 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in Axalta Coating Systems by 6.4% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 24,185 shares of the specialty chemicals company’s stock worth $775,000 after buying an additional 1,464 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Axalta Coating Systems by 31.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,952,954 shares of the specialty chemicals company’s stock worth $62,573,000 after buying an additional 465,671 shares during the last quarter. First Trust Advisors LP boosted its holdings in Axalta Coating Systems by 78.4% in the 2nd quarter. First Trust Advisors LP now owns 303,847 shares of the specialty chemicals company’s stock worth $9,735,000 after buying an additional 133,489 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Axalta Coating Systems by 111.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 52,981 shares of the specialty chemicals company’s stock worth $1,730,000 after buying an additional 27,890 shares during the last quarter. Institutional investors own 99.28% of the company’s stock.

Several equities research analysts recently issued reports on the company. Robert W. Baird reiterated a “buy” rating and issued a $35.00 price objective on shares of Axalta Coating Systems in a report on Monday, October 30th. BidaskClub upgraded Axalta Coating Systems from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Instinet restated a “neutral” rating and set a $28.00 target price (down from $30.00) on shares of Axalta Coating Systems in a report on Friday, October 13th. Zacks Investment Research upgraded Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a report on Monday. Finally, Citigroup cut Axalta Coating Systems from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $31.00 to $25.00 in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus target price of $33.73.

Shares of Axalta Coating Systems Ltd (NYSE AXTA) opened at $31.50 on Friday. The company has a market cap of $7,735.27, a P/E ratio of 28.60, a PEG ratio of 1.99 and a beta of 1.55. The company has a current ratio of 2.11, a quick ratio of 1.50 and a debt-to-equity ratio of 2.69. Axalta Coating Systems Ltd has a 12-month low of $25.91 and a 12-month high of $38.20.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results 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 analyst estimates of $1.09 billion. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. analysts forecast that Axalta Coating Systems Ltd will post 1.15 earnings per share for the current year.

In other Axalta Coating Systems news, EVP Steven R. Markevich sold 900 shares of the business’s 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 sale, the executive vice president now owns 201,393 shares of the company’s stock, valued at $5,924,982.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael A. Cash sold 34,874 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $30.00, for a total value of $1,046,220.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,724 shares of company stock worth $1,201,705. Corporate insiders own 2.30% of the company’s stock.

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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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