Teachers Retirement System of The State of Kentucky raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA – Get Rating) by 20.3% in the first quarter, HoldingsChannel.com reports. The firm owned 88,644 shares of the specialty chemicals company's stock after buying an additional 14,950 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Axalta Coating Systems were worth $2,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AXTA. FIFTHDELTA Ltd increased its stake in Axalta Coating Systems by 583.7% during the 1st quarter. FIFTHDELTA Ltd now owns 6,435,668 shares of the specialty chemicals company's stock valued at $158,189,000 after purchasing an additional 5,494,317 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of Axalta Coating Systems in the 1st quarter worth $78,617,000. Millennium Management LLC grew its stake in shares of Axalta Coating Systems by 22,098.7% in the 4th quarter. Millennium Management LLC now owns 1,824,068 shares of the specialty chemicals company's stock worth $60,413,000 after acquiring an additional 1,815,851 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Axalta Coating Systems by 10.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 16,587,963 shares of the specialty chemicals company's stock worth $407,731,000 after acquiring an additional 1,589,343 shares in the last quarter. Finally, Ariel Investments LLC grew its stake in shares of Axalta Coating Systems by 23.8% in the 1st quarter. Ariel Investments LLC now owns 7,398,739 shares of the specialty chemicals company's stock worth $181,861,000 after acquiring an additional 1,420,653 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on AXTA shares. Barclays reduced their target price on shares of Axalta Coating Systems from $34.00 to $31.00 and set an "overweight" rating for the company in a research note on Monday, July 11th. Mizuho reduced their target price on shares of Axalta Coating Systems from $34.00 to $31.00 and set a "buy" rating for the company in a research note on Thursday, July 14th. StockNews.com lowered shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Friday, July 8th. Wells Fargo & Company upped their target price on shares of Axalta Coating Systems from $25.00 to $26.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 28th. Finally, KeyCorp upped their target price on shares of Axalta Coating Systems from $30.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday, July 28th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $29.50.

Axalta Coating Systems Price Performance

Axalta Coating Systems (NYSE:AXTA – Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The specialty chemicals company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. Axalta Coating Systems had a net margin of 4.49% and a return on equity of 21.80%. During the same period in the prior year, the firm earned $0.48 earnings per share. Research analysts predict that Axalta Coating Systems Ltd. will post 1.63 earnings per share for the current year.

Axalta Coating Systems Company Profile

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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. It operates through two segments, Performance Coatings and Transportation Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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