Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Bought by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 24.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,951 shares of the specialty chemicals company’s stock after purchasing an additional 1,351 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Axalta Coating Systems were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of AXTA. Janney Montgomery Scott LLC purchased a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at $855,000. Atria Investments Inc raised its holdings in shares of Axalta Coating Systems by 19.8% in the 3rd quarter. Atria Investments Inc now owns 27,527 shares of the specialty chemicals company’s stock valued at $996,000 after buying an additional 4,542 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Axalta Coating Systems by 30.2% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company’s stock valued at $71,000 after buying an additional 455 shares during the period. KBC Group NV raised its holdings in shares of Axalta Coating Systems by 13.9% in the 3rd quarter. KBC Group NV now owns 5,859 shares of the specialty chemicals company’s stock valued at $212,000 after buying an additional 716 shares during the period. Finally, Natixis Advisors LLC raised its holdings in shares of Axalta Coating Systems by 2.4% in the 3rd quarter. Natixis Advisors LLC now owns 668,654 shares of the specialty chemicals company’s stock valued at $24,198,000 after buying an additional 15,469 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 74,905 shares of the company’s stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $34.44 on Friday. 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 stock has a 50 day simple moving average of $35.97 and a 200-day simple moving average of $36.64. The company has a market cap of $7.51 billion, a PE ratio of 19.35, a P/E/G ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a 12-month low of $30.41 and a 12-month high of $41.65.

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

Analysts Set New Price Targets

AXTA has been the topic of several recent research reports. Citigroup downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and cut their price target for the stock from $45.00 to $41.00 in a report on Wednesday, December 18th. StockNews.com cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Mizuho decreased their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Barclays increased their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Finally, Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target for the company in a report on Friday, January 17th. 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

Axalta Coating Systems Company 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.