Axalta Coating Systems Ltd (AXTA) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its position in shares of Axalta Coating Systems Ltd (NYSE:AXTA) by 75.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,146,214 shares of the specialty chemicals company’s stock after purchasing an additional 1,349,093 shares during the period. Wells Fargo & Company MN owned 1.29% of Axalta Coating Systems worth $101,811,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bronfman E.L. Rothschild L.P. grew its position 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 in the last quarter. LVW Advisors LLC acquired a new stake in shares of Axalta Coating Systems during the 3rd quarter valued at $214,000. Rockefeller Financial Services Inc. acquired a new stake in shares of Axalta Coating Systems during the 3rd quarter valued at $215,000. Rothschild Investment Corp IL acquired a new stake in shares of Axalta Coating Systems during the 4th quarter valued at $265,000. Finally, Toronto Dominion Bank boosted its stake in shares of Axalta Coating Systems by 246.0% during the 3rd quarter. Toronto Dominion Bank now owns 9,203 shares of the specialty chemicals company’s stock valued at $266,000 after buying an additional 6,543 shares during the period. Hedge funds and other institutional investors own 97.84% of the company’s stock.

Shares of Axalta Coating Systems Ltd (AXTA) opened at $31.29 on Thursday. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 2.69. Axalta Coating Systems Ltd has a 52 week low of $27.77 and a 52 week high of $38.20. The stock has a market cap of $7,620.00, a price-to-earnings ratio of 51.30, a P/E/G ratio of 1.68 and a beta of 1.38.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. Axalta Coating Systems had a net margin of 0.84% and a return on equity of 20.93%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the business earned ($0.16) EPS. Axalta Coating Systems’s quarterly revenue was up 13.5% compared to the same quarter last year. research analysts forecast that Axalta Coating Systems Ltd will post 1.34 earnings per share for the current year.

In related news, CEO Charles W. Shaver sold 235,810 shares of Axalta Coating Systems stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $30.58, for a total value of $7,211,069.80. Following the completion of the sale, the chief executive officer now owns 522,752 shares of the company’s stock, valued at approximately $15,985,756.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles W. Shaver sold 219,719 shares of Axalta Coating Systems stock in a transaction on Monday, February 5th. The shares were sold at an average price of $30.57, for a total transaction of $6,716,809.83. Following the completion of the sale, the chief executive officer now directly owns 522,752 shares of the company’s stock, valued at approximately $15,980,528.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 473,902 shares of company stock valued at $14,498,467. 2.30% of the stock is owned by company insiders.

A number of brokerages have issued reports on AXTA. KeyCorp reissued an “overweight” rating and set a $40.00 target price (up previously from $36.00) on shares of Axalta Coating Systems in a research note on Tuesday, November 28th. TheStreet raised shares of Axalta Coating Systems from a “c” rating to a “b-” rating in a research note on Wednesday, November 15th. Citigroup raised shares of Axalta Coating Systems from a “sell” rating to a “hold” rating and set a $34.00 target price for the company in a research note on Monday, October 30th. Robert W. Baird reissued a “buy” rating and set a $35.00 target price on shares of Axalta Coating Systems in a research note on Monday, October 30th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $37.00 target price on shares of Axalta Coating Systems in a research note on Monday, October 30th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus target price of $33.50.

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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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