Axalta Coating Systems Ltd (AXTA) Position Lowered by Blair William & Co. IL

Blair William & Co. IL lowered its position in Axalta Coating Systems Ltd (NASDAQ:AXTA) by 7.0% during the first quarter, Holdings Channel reports. The fund owned 168,248 shares of the specialty chemicals company’s stock after selling 12,599 shares during the period. Blair William & Co. IL’s holdings in Axalta Coating Systems were worth $5,418,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the company. HighPoint Advisor Group LLC purchased a new position in shares of Axalta Coating Systems during the fourth quarter worth $992,000. Soroban Capital Partners LP purchased a new position in shares of Axalta Coating Systems during the third quarter worth $22,660,000. Rainier Investment Management LLC increased its position in shares of Axalta Coating Systems by 151.9% in the third quarter. Rainier Investment Management LLC now owns 457,410 shares of the specialty chemicals company’s stock worth $12,932,000 after buying an additional 275,820 shares during the last quarter. Micawber Capital LLC purchased a new position in shares of Axalta Coating Systems during the fourth quarter worth $1,812,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Axalta Coating Systems during the fourth quarter worth $312,000.

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

Shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) traded down 0.70% during midday trading on Wednesday, hitting $31.21. 1,054,059 shares of the stock were exchanged. The stock’s 50-day moving average price is $31.40 and its 200-day moving average price is $29.26. Axalta Coating Systems Ltd has a 1-year low of $24.27 and a 1-year high of $33.06. The firm has a market capitalization of $7.56 billion and a price-to-earnings ratio of 103.34.

Axalta Coating Systems (NASDAQ:AXTA) last announced its quarterly earnings data on Wednesday, April 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $994.43 million. During the same period last year, the business posted $0.18 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that Axalta Coating Systems Ltd will post $1.38 EPS for the current year.

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A number of equities analysts have commented on the stock. Gabelli cut shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 9th. Royal Bank of Canada reduced their price objective on shares of Axalta Coating Systems from $31.00 to $3.00 and set an “outperform” rating for the company in a research report on Thursday, February 9th. Zacks Investment Research raised shares of Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, April 11th. Instinet lifted their price objective on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Finally, Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research report on Monday, February 13th. They set a “buy” rating and a $34.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Axalta Coating Systems currently has an average rating of “Hold” and a consensus price target of $33.73.

In related news, CEO Charles W. Shaver sold 179,487 shares of Axalta Coating Systems stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $31.32, for a total value of $5,621,532.84. Following the completion of the sale, the chief executive officer now owns 528,907 shares of the company’s stock, valued at approximately $16,565,367.24. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Sean M. Lannon sold 4,340 shares of Axalta Coating Systems stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $31.35, for a total value of $136,059.00. Following the completion of the sale, the vice president now directly owns 4,088 shares of the company’s stock, valued at approximately $128,158.80. The disclosure for this sale can be found here. In the last three months, insiders sold 626,756 shares of company stock valued at $19,580,505.

Axalta Coating Systems Company 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.

12 Month Chart for NASDAQ:AXTA

Want to see what other hedge funds are holding AXTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axalta Coating Systems Ltd (NASDAQ:AXTA).

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