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The State of New Jersey Common Pension Fund D has reduced its position in Axalta Coating Systems Ltd. (NYSE:AXTA).

The State of New Jersey Common Pension Fund D has reduced its position in Axalta Coating Systems Ltd. (NYSE:AXTA).

The most recent 13F disclosure that the company filed with the Securities and Exchange Commission revealed that during the third quarter, the State of New Jersey Common Pension Fund D reduced its holdings in Axalta Coating Systems Ltd. (NYSE: AXTA) by 6.4%. After selling 6,706 shares of the company’s stock during the period, the fund had a total of 98,497 shares of the business’s stock at the end of the period. The company specializes in the production of chemicals. The value of the investment that the State of New Jersey Common Pension Fund D had made in Axalta Coating Systems was $2,074,000 when the most recent reporting period came to a close at the end of the most recent fiscal year.

Recent months have seen several large investors make adjustments to the proportion of the company’s stock that is held within their investment portfolios. The amount of Axalta Coating Systems stock owned by Comerica Bank increased by 1.7% during the third quarter due to the bank’s recent purchases. After acquiring an additional 1,105 shares of the specialty chemicals company during the period, Comerica Bank now holds a total of 65,508 shares. The current value of these shares, when traded on the market, is $1,542,000. The total amount of Axalta Coating Systems stock that Prospera Financial Services, Inc. owned at the end of the third quarter was 10.9% higher than at the beginning. Following the acquisition of an additional 1,100 shares of the specialty chemicals company’s stock during the period, Prospera Financial Services Inc. now holds a total of 11,165 shares of the company’s stock, which has a current market value of $235,000. Allspring Global Investments Holdings LLC increased the proportion of Axalta Coating Systems stock owned by 1.4% during the third quarter. Allspring Global Investments Holdings LLC now holds a total of 2,247,118 shares of the specialty chemicals company’s stock, which has a value of $47,324,000 following the acquisition of an additional 31,220 shares during the relevant period. Raymond James & Associates increased the amount of money it had invested in Axalta Coating Systems by 1.2% during the third quarter. After purchasing an additional 5,346 shares of the specialty chemicals company’s stock during the period, Raymond James & Associates now owns a total of 438,528 shares of the company’s stock, which have a value of $9,235,000. These shares were acquired during the period.

Last but not least, during the third quarter, Olstein Capital Management L.P. increased the amount of Axalta Coating Systems stock owned by 2.8%. This certainly should not be considered the least important development. Olstein Capital Management L.P. now holds a total of 325,450 shares of the specialty chemicals company’s stock, which are currently valued at $6,854,000 following the purchase of an additional 9,000 shares during the period. This brings the total number of shares owned by the firm to 325,450.

As of late, several equity analysts have published reports on the company they are observing in their research. Citigroup increased its price target for the company from $25.60 to $30.29 in a research report regarding Axalta Coating Systems that was released on Thursday, December 15. Robert W. Baird lowered their price objective on Axalta Coating Systems from $35.00 to $30.00 in a research note published on October 27. The Credit Suisse Group published a research report on Axalta Coating Systems on October 21. Within this report, the company initiated coverage of the company. The market researchers have given the company a rating of “underperform,” They anticipate that the share price will reach $20.00 shortly. Mizuho increased their price objective on the company from $29.00 to $30.00 and rated the company as a “buy” in a research report regarding Axalta Coating Systems published on Thursday, January 12. The report was related to Axalta Coating Systems. Last but not least, on January 12, the recommendation that had been given for Axalta Coating Systems in the research report that had been published on StockNews.com was changed from “buy” to “hold.” One of the equity research analysts has given the stock of the company a rating of “sell,” while nine others have

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