Country Trust Bank Purchases 249,669 Shares of Axalta Coating Systems Ltd (AXTA)

Country Trust Bank raised its position in Axalta Coating Systems Ltd (NYSE:AXTA) by 143.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 424,069 shares of the specialty chemicals company’s stock after acquiring an additional 249,669 shares during the quarter. Country Trust Bank owned 0.17% of Axalta Coating Systems worth $13,723,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Financial Counselors Inc. grew its position in shares of Axalta Coating Systems by 3.3% during the second quarter. Financial Counselors Inc. now owns 7,145 shares of the specialty chemicals company’s stock worth $229,000 after buying an additional 225 shares in the last quarter. Commonwealth Bank of Australia grew its position in shares of Axalta Coating Systems by 18.1% during the second quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock worth $146,000 after buying an additional 703 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Axalta Coating Systems by 14.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,070 shares of the specialty chemicals company’s stock worth $291,000 after buying an additional 1,141 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Axalta Coating Systems by 24.6% during the second quarter. Prudential Financial Inc. now owns 8,110 shares of the specialty chemicals company’s stock worth $260,000 after buying an additional 1,600 shares in the last quarter. Finally, Norman Fields Gottscho Capital Management LLC grew its position in shares of Axalta Coating Systems by 0.7% during the third quarter. Norman Fields Gottscho Capital Management LLC now owns 244,320 shares of the specialty chemicals company’s stock worth $7,066,000 after buying an additional 1,735 shares in the last quarter. 99.21% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Ltd (AXTA) traded down $0.36 during mid-day trading on Thursday, reaching $32.55. The company’s stock had a trading volume of 1,277,800 shares, compared to its average volume of 1,853,829. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50. The company has a market capitalization of $7,930.00, a PE ratio of 112.24, a price-to-earnings-growth ratio of 1.73 and a beta of 1.55. Axalta Coating Systems Ltd has a 12 month low of $27.22 and a 12 month high of $38.20.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $0.33 earnings per share. analysts predict that Axalta Coating Systems Ltd will post 1.15 EPS for the current fiscal year.

Several brokerages recently issued reports on AXTA. Zacks Investment Research cut Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet cut Axalta Coating Systems from a “b-” rating to a “c+” rating in a research note on Thursday, December 28th. UBS Group began coverage on Axalta Coating Systems in a research note on Tuesday, December 19th. They set a “market perform” rating on the stock. Raymond James Financial began coverage on Axalta Coating Systems in a research note on Tuesday, December 19th. They set a “market perform” rating on the stock. Finally, Vertical Research cut Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Friday, December 1st. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. Axalta Coating Systems has a consensus rating of “Hold” and an average price target of $33.73.

In other Axalta Coating Systems news, SVP Michael F. Finn sold 3,950 shares of the firm’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total value of $129,007.00. Following the sale, the senior vice president now directly owns 108,818 shares in the company, valued at $3,553,995.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

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Axalta Coating Systems Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

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Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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