Schwab Charles Investment Management Inc. boosted its stake in shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) by 31.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,952,954 shares of the specialty chemicals company’s stock after buying an additional 465,671 shares during the period. Schwab Charles Investment Management Inc. owned about 0.81% of Axalta Coating Systems worth $62,573,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Teachers Advisors LLC raised its stake in shares of Axalta Coating Systems by 15.9% in the fourth quarter. Teachers Advisors LLC now owns 163,132 shares of the specialty chemicals company’s stock valued at $4,437,000 after buying an additional 22,403 shares in the last quarter. DnB Asset Management AS raised its stake in shares of Axalta Coating Systems by 27.5% in the first quarter. DnB Asset Management AS now owns 17,600 shares of the specialty chemicals company’s stock valued at $567,000 after buying an additional 3,800 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in shares of Axalta Coating Systems by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,772 shares of the specialty chemicals company’s stock valued at $174,000 after buying an additional 294 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Axalta Coating Systems by 0.9% in the first quarter. ProShare Advisors LLC now owns 16,703 shares of the specialty chemicals company’s stock valued at $538,000 after buying an additional 157 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Axalta Coating Systems by 226.4% in the first quarter. Russell Investments Group Ltd. now owns 37,233 shares of the specialty chemicals company’s stock valued at $1,199,000 after buying an additional 25,825 shares in the last quarter.

Axalta Coating Systems Ltd (AXTA) opened at 29.27 on Wednesday. Axalta Coating Systems Ltd has a 12 month low of $24.27 and a 12 month high of $34.10. The stock’s 50 day moving average price is $30.83 and its 200 day moving average price is $31.24. The firm has a market capitalization of $7.12 billion and a P/E ratio of 2927.00.

Axalta Coating Systems (NASDAQ:AXTA) last issued its earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.39 by $0.08. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.12 billion. Axalta Coating Systems had a negative net margin of 1.73% and a negative return on equity of 6.61%. Axalta Coating Systems’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 earnings per share. On average, analysts forecast that Axalta Coating Systems Ltd will post $1.31 earnings per share for the current year.

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Several analysts recently weighed in on AXTA shares. UBS AG reissued a “buy” rating and issued a $39.00 price objective (up from $37.00) on shares of Axalta Coating Systems in a report on Tuesday, June 6th. BidaskClub raised Axalta Coating Systems from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Bank of America Corporation lowered Axalta Coating Systems from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $36.00 to $30.00 in a report on Wednesday, June 21st. Zacks Investment Research raised Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Wednesday, June 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $36.00 price objective on shares of Axalta Coating Systems in a report on Thursday, July 6th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.63.

In related news, Director Samuel L. Smolik acquired 4,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was acquired at an average cost of $28.16 per share, for a total transaction of $112,640.00. Following the transaction, the director now directly owns 4,000 shares in the company, valued at $112,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Sean M. Lannon sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $33.00, for a total transaction of $165,000.00. Following the transaction, the vice president now owns 16,286 shares of the company’s stock, valued at $537,438. The disclosure for this sale can be found here. Insiders sold a total of 164,500 shares of company stock valued at $5,294,085 over the last 90 days.

About Axalta Coating Systems

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 (NASDAQ:AXTA)

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