Proficio Capital Partners LLC Takes $350,000 Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Proficio Capital Partners LLC acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,232 shares of the specialty chemicals company’s stock, valued at approximately $350,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its stake in Axalta Coating Systems by 0.9% during the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock valued at $132,823,000 after buying an additional 31,894 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its position in shares of Axalta Coating Systems by 68.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock valued at $1,310,000 after buying an additional 14,704 shares during the last quarter. Oak Thistle LLC raised its stake in Axalta Coating Systems by 434.3% during the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after acquiring an additional 32,135 shares during the period. Lord Abbett & CO. LLC lifted its holdings in Axalta Coating Systems by 5.8% in the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock worth $16,135,000 after acquiring an additional 24,402 shares during the last quarter. Finally, Principal Securities Inc. raised its position in shares of Axalta Coating Systems by 5.5% during the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 332 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Trading Down 1.5 %

Shares of NYSE AXTA opened at $34.20 on Wednesday. The business has a fifty day simple moving average of $35.98 and a 200-day simple moving average of $36.60. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 0.92 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a 12 month low of $30.41 and a 12 month high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS 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 analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. Sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Wall Street Analysts Forecast Growth

AXTA has been the subject of several recent research reports. Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Barclays boosted 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. Deutsche Bank Aktiengesellschaft lowered their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. StockNews.com downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.08.

Insider Activity at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems 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 completion of the sale, the insider now directly owns 74,905 shares in the company, valued at $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.40% of the stock is currently owned by insiders.

Axalta Coating Systems 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.