Asset Management Advisors LLC boosted its holdings in shares of Axalta Coating Systems Ltd (NYSE:AXTA) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 181,000 shares of the specialty chemicals company’s stock after buying an additional 5,100 shares during the quarter. Axalta Coating Systems accounts for about 4.9% of Asset Management Advisors LLC’s portfolio, making the stock its 9th largest holding. Asset Management Advisors LLC owned about 0.07% of Axalta Coating Systems worth $5,857,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its stake in Axalta Coating Systems by 927.6% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock worth $117,000 after purchasing an additional 3,664 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Axalta Coating Systems by 217.3% during the 2nd quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 3,837 shares during the period. LVW Advisors LLC purchased a new position in shares of Axalta Coating Systems during the 3rd quarter worth $214,000. Rockefeller Financial Services Inc. purchased a new position in shares of Axalta Coating Systems during the 3rd quarter worth $215,000. Finally, Prudential Financial Inc. raised its holdings in shares of Axalta Coating Systems by 24.6% during the 2nd quarter. Prudential Financial Inc. now owns 8,110 shares of the specialty chemicals company’s stock worth $260,000 after acquiring an additional 1,600 shares during the period. 99.32% of the stock is currently owned by institutional investors and hedge funds.
In other Axalta Coating Systems news, SVP Michael F. Finn sold 3,950 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total transaction of $129,007.00. Following the completion of the sale, the senior vice president now owns 108,818 shares in the company, valued at approximately $3,553,995.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Sean M. Lannon sold 1,080 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $30.77, for a total value of $33,231.60. Following the sale, the vice president now owns 14,243 shares of the company’s stock, valued at approximately $438,257.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 473,902 shares of company stock worth $14,498,467. Company insiders own 2.30% of the company’s stock.
Several brokerages recently issued reports on AXTA. Royal Bank of Canada restated a “buy” rating and issued a $35.00 price objective on shares of Axalta Coating Systems in a report on Thursday, February 8th. Nomura boosted their price target on shares of Axalta Coating Systems from $29.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Credit Suisse Group boosted their price objective on Axalta Coating Systems from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Bank of America set a $28.00 price objective on Axalta Coating Systems and gave the stock an “underperform” rating in a research report on Tuesday, January 16th. Finally, Zacks Investment Research downgraded Axalta Coating Systems from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $33.53.
Shares of Axalta Coating Systems Ltd (NYSE AXTA) traded up $0.20 during trading hours on Tuesday, reaching $30.80. The company’s stock had a trading volume of 408,440 shares, compared to its average volume of 1,944,467. The firm has a market cap of $7,460.00, a price-to-earnings ratio of 218.57, a price-to-earnings-growth ratio of 1.65 and a beta of 1.38. The company has a current ratio of 2.11, a quick ratio of 1.50 and a debt-to-equity ratio of 2.69. Axalta Coating Systems Ltd has a 12-month low of $27.77 and a 12-month high of $38.20.
Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Axalta Coating Systems had a return on equity of 20.93% and a net margin of 0.84%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the business posted ($0.16) EPS. equities analysts predict that Axalta Coating Systems Ltd will post 1.35 earnings per share for the current year.
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Axalta Coating Systems Company 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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