Janus Henderson Group PLC raised its stake in shares of Axalta Coating Systems Ltd (NYSE:AXTA) by 13.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,501,040 shares of the specialty chemicals company’s stock after purchasing an additional 290,346 shares during the period. Janus Henderson Group PLC owned 1.03% of Axalta Coating Systems worth $72,330,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AXTA. Robeco Institutional Asset Management B.V. bought a new position in Axalta Coating Systems during the 2nd quarter worth $108,000. Bronfman E.L. Rothschild L.P. raised its position in Axalta Coating Systems by 927.6% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock worth $117,000 after purchasing an additional 3,664 shares during the last quarter. Commonwealth Bank of Australia raised its position in Axalta Coating Systems by 18.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock worth $146,000 after purchasing an additional 703 shares during the last quarter. Acrospire Investment Management LLC raised its position in Axalta Coating Systems by 257.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company’s stock worth $156,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Advisor Group Inc. raised its position in Axalta Coating Systems by 217.3% during the 2nd quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 3,837 shares during the last quarter. 99.28% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Michael F. Finn sold 3,950 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total value of $129,007.00. Following the completion of the sale, the senior vice president now directly owns 108,818 shares of the company’s stock, valued at approximately $3,553,995.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven R. Markevich sold 900 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $29.42, for a total value of $26,478.00. Following the completion of the sale, the executive vice president now directly 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 sold a total of 39,724 shares of company stock valued at $1,201,705 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on the company. Robert W. Baird reissued a “buy” rating and issued a $35.00 price objective on shares of Axalta Coating Systems in a research report on Monday, October 30th. BidaskClub raised Axalta Coating Systems from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Instinet reissued a “neutral” rating and issued a $28.00 price objective (down from $30.00) on shares of Axalta Coating Systems in a research report on Friday, October 13th. Zacks Investment Research raised Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Citigroup lowered Axalta Coating Systems from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $31.00 to $25.00 in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $33.73.

Shares of Axalta Coating Systems Ltd (AXTA) opened at $31.00 on Friday. Axalta Coating Systems Ltd has a 12-month low of $26.20 and a 12-month high of $38.20. The company has a market capitalization of $7,674.36, a PE ratio of 28.38, a P/E/G ratio of 1.97 and a beta of 1.55. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50.

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, beating analysts’ consensus estimates 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the company posted $0.33 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. equities analysts anticipate that Axalta Coating Systems Ltd will post 1.15 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/janus-henderson-group-plc-has-72-33-million-position-in-axalta-coating-systems-ltd-axta/1767530.html.

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.

Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.