Teachers Retirement System of The State of Kentucky Purchases 22,482 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Teachers Retirement System of The State of Kentucky increased its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 43.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 73,694 shares of the specialty chemicals company’s stock after buying an additional 22,482 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Axalta Coating Systems were worth $2,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently made changes to their positions in AXTA. First Horizon Advisors Inc. raised its holdings in Axalta Coating Systems by 448.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,239 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 1,013 shares during the period. FORA Capital LLC bought a new position in shares of Axalta Coating Systems during the 2nd quarter worth about $46,000. Pinnacle Bancorp Inc. increased its holdings in shares of Axalta Coating Systems by 35.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 1,796 shares of the specialty chemicals company’s stock worth $52,000 after purchasing an additional 466 shares during the period. Amundi bought a new position in shares of Axalta Coating Systems during the 2nd quarter worth about $60,000. Finally, Pacifica Partners Inc. bought a new position in shares of Axalta Coating Systems during the 3rd quarter worth about $78,000. Hedge funds and other institutional investors own 97.30% of the company’s stock.

Several research analysts have recently issued reports on the stock. TheStreet upgraded shares of Axalta Coating Systems from a “c+” rating to a “b” rating in a report on Wednesday, October 13th. Mizuho began coverage on shares of Axalta Coating Systems in a report on Tuesday, October 12th. They set a “buy” rating and a $40.00 price objective on the stock. Royal Bank of Canada lowered their target price on shares of Axalta Coating Systems from $38.00 to $36.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 21st. Finally, Zacks Investment Research upgraded shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, Axalta Coating Systems has a consensus rating of “Buy” and an average target price of $36.60.

In other news, SVP Troy D. Weaver sold 24,000 shares of the company’s stock in a transaction dated Tuesday, November 2nd. The stock was sold at an average price of $31.46, for a total transaction of $755,040.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.50% of the stock is owned by corporate insiders.

Shares of NYSE AXTA opened at $32.74 on Friday. The company has a market capitalization of $7.48 billion, a P/E ratio of 27.28, a price-to-earnings-growth ratio of 0.84 and a beta of 1.41. Axalta Coating Systems Ltd. has a 52-week low of $26.42 and a 52-week high of $34.20. The company has a debt-to-equity ratio of 2.55, a quick ratio of 1.44 and a current ratio of 1.97. The company’s 50 day moving average price is $32.30 and its 200-day moving average price is $30.95.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Sunday, October 24th. The specialty chemicals company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. Axalta Coating Systems had a net margin of 6.44% and a return on equity of 30.83%. The business’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.59 EPS. Analysts forecast that Axalta Coating Systems Ltd. will post 1.76 earnings per share for the current year.

About Axalta Coating Systems

Axalta Coating Systems Ltd. engages in the manufacture, marketing, and distribution of coatings systems. It operates through the Performance Coatings and Transportation Coatings business segments. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base.

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

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