UBS Group AG Has $1.92 Million Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

UBS Group AG decreased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Get Rating) by 77.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,408 shares of the specialty chemicals company's stock after selling 255,523 shares during the quarter. UBS Group AG's holdings in Axalta Coating Systems were worth $1,921,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Axalta Coating Systems by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 20,744,832 shares of the specialty chemicals company's stock valued at $436,886,000 after buying an additional 284,713 shares in the last quarter. Boston Partners boosted its holdings in Axalta Coating Systems by 4.7% in the fourth quarter. Boston Partners now owns 17,892,171 shares of the specialty chemicals company's stock worth $458,445,000 after purchasing an additional 803,925 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Axalta Coating Systems by 5.2% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 16,664,259 shares of the specialty chemicals company's stock worth $350,950,000 after purchasing an additional 827,684 shares in the last quarter. BlackRock Inc. boosted its holdings in Axalta Coating Systems by 1.1% in the third quarter. BlackRock Inc. now owns 15,849,808 shares of the specialty chemicals company's stock worth $333,799,000 after purchasing an additional 168,389 shares in the last quarter. Finally, Shapiro Capital Management LLC boosted its holdings in Axalta Coating Systems by 12.8% in the first quarter. Shapiro Capital Management LLC now owns 9,477,301 shares of the specialty chemicals company's stock worth $232,952,000 after purchasing an additional 1,074,872 shares in the last quarter.

In related news, CEO Chris Villavarayan acquired 34,440 shares of the business's stock in a transaction on Monday, March 13th. The stock was bought at an average cost of $29.20 per share, with a total value of $1,005,648.00. Following the completion of the acquisition, the chief executive officer now owns 34,440 shares in the company, valued at $1,005,648. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director William M. Cook bought 2,500 shares of the business's stock in a transaction dated Tuesday, March 14th. The stock was bought at an average price of $29.55 per share, for a total transaction of $73,875.00. Following the completion of the purchase, the director now owns 4,500 shares of the company's stock, valued at approximately $132,975. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Chris Villavarayan bought 34,440 shares of the business's stock in a transaction dated Monday, March 13th. The stock was purchased at an average price of $29.20 per share, with a total value of $1,005,648.00. Following the purchase, the chief executive officer now directly owns 34,440 shares of the company's stock, valued at approximately $1,005,648. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company's stock.

Shares of AXTA stock opened at $31.10 on Tuesday. The stock has a market cap of $6.89 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.61 and a beta of 1.43. Axalta Coating Systems Ltd. has a one year low of $20.66 and a one year high of $32.56. The stock has a fifty day moving average price of $30.51 and a 200 day moving average price of $28.72. The company has a debt-to-equity ratio of 2.23, a current ratio of 2.05 and a quick ratio of 1.43.

Axalta Coating Systems (NYSE:AXTA - Get Rating) last announced its quarterly earnings results on Tuesday, May 2nd. The specialty chemicals company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. The firm had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.24 billion. Axalta Coating Systems had a net margin of 4.22% and a return on equity of 23.36%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 earnings per share. Analysts predict that Axalta Coating Systems Ltd. will post 1.53 earnings per share for the current year.

A number of brokerages recently issued reports on AXTA. Barclays upped their price objective on shares of Axalta Coating Systems from $33.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, April 3rd. Royal Bank of Canada raised Axalta Coating Systems from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $30.00 to $36.00 in a research report on Friday, February 17th. Wells Fargo & Company upped their target price on Axalta Coating Systems from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, April 17th. Seaport Res Ptn reaffirmed a "buy" rating on shares of Axalta Coating Systems in a research report on Monday, May 8th. Finally, Jefferies Financial Group upped their price target on shares of Axalta Coating Systems from $26.00 to $28.00 and gave the company a "hold" rating in a report on Monday, April 3rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $31.95.

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

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