Barrow Hanley Mewhinney & Strauss LLC Cuts Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,321,654 shares of the specialty chemicals company’s stock after selling 239,193 shares during the quarter. Axalta Coating Systems makes up 1.7% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 17th largest holding. Barrow Hanley Mewhinney & Strauss LLC owned 6.57% of Axalta Coating Systems worth $490,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Axalta Coating Systems in the 4th quarter worth approximately $87,850,000. Victory Capital Management Inc. lifted its holdings in Axalta Coating Systems by 9.6% during the fourth 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 during the period. PointState Capital LP bought a new position in Axalta Coating Systems in the 3rd quarter valued at $30,257,000. Jupiter Asset Management Ltd. grew its stake in Axalta Coating Systems by 35.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,620,459 shares of the specialty chemicals company’s stock valued at $55,452,000 after purchasing an additional 423,883 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in shares of Axalta Coating Systems during the 4th quarter valued at $13,512,000. 98.28% of the stock is currently owned by institutional investors.

Insider Transactions at Axalta Coating Systems

In other 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 transaction of $392,869.49. Following the completion of the sale, the insider now directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.40% of the stock is owned by insiders.

Axalta Coating Systems Stock Down 0.7 %

Shares of NYSE:AXTA opened at $32.87 on Friday. The firm has a fifty day moving average price of $35.84 and a two-hundred day moving average price of $36.56. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 0.92 and a beta of 1.45. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems Ltd. has a one year low of $30.41 and a one year high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) 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 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 firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the company earned $0.43 earnings per share. Analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AXTA. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Barclays upped their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Finally, Wolfe Research raised 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 report on Friday, January 17th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company 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.