Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Bought by Globeflex Capital L P

Globeflex Capital L P raised its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 51.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,522 shares of the specialty chemicals company’s stock after purchasing an additional 10,000 shares during the period. Globeflex Capital L P’s holdings in Axalta Coating Systems were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AXTA. Eagle Bay Advisors LLC increased its holdings 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 acquiring an additional 443 shares during the last quarter. First Horizon Advisors Inc. grew its stake in Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 266 shares during the last quarter. True Wealth Design LLC bought a new position in Axalta Coating Systems during the 3rd quarter worth $37,000. Millburn Ridgefield Corp bought a new position in Axalta Coating Systems during the 3rd quarter worth $41,000. Finally, Jones Financial Companies Lllp grew its stake in Axalta Coating Systems by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 498 shares during the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Up 3.0 %

NYSE:AXTA opened at $34.44 on Friday. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 19.35, a PEG ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a 1-year low of $30.41 and a 1-year high of $41.65. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The business’s fifty day moving average price is $35.97 and its 200 day moving average price is $36.64.

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. StockNews.com cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Citigroup cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $45.00 to $41.00 in a research note on Wednesday, December 18th. Mizuho decreased their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.08.

Insiders Place Their Bets

In other news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.

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.