Thrivent Financial for Lutherans Cuts Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Thrivent Financial for Lutherans lowered its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 572,539 shares of the specialty chemicals company’s stock after selling 9,466 shares during the period. Thrivent Financial for Lutherans’ holdings in Axalta Coating Systems were worth $19,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Bay Advisors LLC raised its position in shares of Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 443 shares in the last quarter. True Wealth Design LLC purchased a new position in Axalta Coating Systems in the third quarter valued at about $37,000. First Horizon Advisors Inc. raised its holdings in Axalta Coating Systems by 35.2% in the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of Axalta Coating Systems during the third quarter valued at about $41,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Axalta Coating Systems by 60.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock valued at $45,000 after buying an additional 498 shares in the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Stock Down 0.6 %

NYSE:AXTA opened at $33.84 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The company’s fifty day moving average price is $35.98 and its 200-day moving average price is $36.59. Axalta Coating Systems Ltd. has a 1-year low of $30.41 and a 1-year high of $41.66. The firm has a market capitalization of $7.38 billion, a P/E ratio of 19.01, a PEG ratio of 0.92 and a beta of 1.45.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. As a group, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the transaction, the insider now owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Mizuho reduced their price objective on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Wolfe Research raised 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 report on Friday, January 17th. Barclays raised their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Citigroup lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and reduced their target price for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. Finally, KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Three equities research 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 company’s stock. Based on data from MarketBeat.com, Axalta Coating Systems presently 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.