Leeward Investments LLC MA Has $17.01 Million Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Leeward Investments LLC MA reduced its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 496,968 shares of the specialty chemicals company’s stock after selling 27,820 shares during the period. Leeward Investments LLC MA owned about 0.23% of Axalta Coating Systems worth $17,006,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AXTA. Eagle Bay Advisors LLC boosted its stake in shares of Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 443 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at approximately $37,000. Millburn Ridgefield Corp acquired a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at approximately $41,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at approximately $54,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Evercore ISI began coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price target on the stock. Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a report on Friday, January 17th. Finally, Royal Bank of Canada raised their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $43.08.

Insider Transactions at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of the firm’s stock in a transaction that occurred 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 owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.40% of the company’s stock.

Axalta Coating Systems Stock Down 3.0 %

Axalta Coating Systems stock opened at $36.02 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. Axalta Coating Systems Ltd. has a 52-week low of $30.41 and a 52-week high of $41.65. The firm has a 50 day moving average price of $35.84 and a two-hundred day moving average price of $36.59. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 0.94 and a beta of 1.46.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 EPS. Equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Axalta Coating Systems Profile

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.