Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Channing Capital Management LLC

Channing Capital Management LLC lessened its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 334,385 shares of the specialty chemicals company’s stock after selling 22,032 shares during the quarter. Channing Capital Management LLC’s holdings in Axalta Coating Systems were worth $11,359,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in Axalta Coating Systems by 47.7% during the 4th quarter. Fifth Third Bancorp now owns 1,046 shares of the specialty chemicals company’s stock worth $36,000 after purchasing an additional 338 shares in the last quarter. CWM LLC raised its stake in shares of Axalta Coating Systems by 23.2% in the 4th quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock valued at $104,000 after acquiring an additional 575 shares during the period. Guyasuta Investment Advisors Inc. acquired a new position in shares of Axalta Coating Systems during the 4th quarter valued at $223,000. Kestra Private Wealth Services LLC purchased a new stake in Axalta Coating Systems during the 4th quarter worth $243,000. Finally, Custom Index Systems LLC acquired a new stake in Axalta Coating Systems in the 4th quarter valued at $251,000. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Up 1.1 %

Shares of AXTA traded up $0.37 during midday trading on Friday, hitting $35.20. The company had a trading volume of 3,991,263 shares, compared to its average volume of 2,581,191. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 1.09 and a beta of 1.51. The company’s 50 day moving average price is $32.84 and its 200 day moving average price is $31.95. The company has a quick ratio of 1.46, a current ratio of 2.07 and a debt-to-equity ratio of 1.92. Axalta Coating Systems Ltd. has a 52 week low of $25.03 and a 52 week high of $35.31.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, May 1st. The specialty chemicals company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.08. Axalta Coating Systems had a return on equity of 21.82% and a net margin of 4.77%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $0.35 earnings per share. Axalta Coating Systems’s quarterly revenue was up 1.3% on a year-over-year basis. On average, equities research analysts predict that Axalta Coating Systems Ltd. will post 1.99 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AXTA shares. UBS Group downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and upped their target price for the stock from $35.00 to $36.00 in a research report on Monday, January 8th. Citigroup increased their price objective on shares of Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th. Mizuho reduced their target price on shares of Axalta Coating Systems from $40.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday. BMO Capital Markets raised their price target on shares of Axalta Coating Systems from $42.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Robert W. Baird boosted their price objective on shares of Axalta Coating Systems from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $38.00.

Axalta Coating Systems 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.