Channing Capital Management LLC Sells 4,549 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Channing Capital Management LLC reduced its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 348,111 shares of the specialty chemicals company’s stock after selling 4,549 shares during the quarter. Channing Capital Management LLC owned about 0.16% of Axalta Coating Systems worth $11,912,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of Axalta Coating Systems by 9.6% during the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock worth $387,439,000 after acquiring an additional 988,397 shares in the last quarter. State Street Corp lifted its stake in Axalta Coating Systems by 0.7% during the third quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company’s stock worth $246,923,000 after purchasing an additional 46,813 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock valued at $132,823,000 after purchasing an additional 31,894 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Axalta Coating Systems by 4.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,096,790 shares of the specialty chemicals company’s stock valued at $75,883,000 after purchasing an additional 84,594 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Axalta Coating Systems by 11.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,991,660 shares of the specialty chemicals company’s stock worth $72,078,000 after buying an additional 205,085 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the completion of the sale, the insider now directly owns 74,905 shares in the company, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $33.62 on Tuesday. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 0.92 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a twelve month low of $30.41 and a twelve month high of $41.65. The stock has a fifty day simple moving average of $35.97 and a 200 day simple moving average of $36.70.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AXTA. StockNews.com lowered Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research note on Friday, January 17th. Evercore ISI started coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price target on the stock. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Finally, BMO Capital Markets boosted their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and an average target price of $43.08.

About Axalta Coating Systems

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.