Leeward Investments LLC MA Sells 331,829 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Leeward Investments LLC MA decreased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 38.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 524,788 shares of the specialty chemicals company’s stock after selling 331,829 shares during the period. Leeward Investments LLC MA owned approximately 0.24% of Axalta Coating Systems worth $18,992,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AXTA. Plato Investment Management Ltd bought a new stake in Axalta Coating Systems during the 2nd quarter valued at approximately $30,000. GAMMA Investing LLC boosted its position in shares of Axalta Coating Systems by 111.5% during the second quarter. GAMMA Investing LLC now owns 1,417 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 747 shares in the last quarter. UMB Bank n.a. grew its stake in Axalta Coating Systems by 90.2% in the third quarter. UMB Bank n.a. now owns 1,546 shares of the specialty chemicals company’s stock worth $56,000 after purchasing an additional 733 shares during the period. Versant Capital Management Inc purchased a new stake in Axalta Coating Systems in the second quarter worth $71,000. Finally, Quarry LP purchased a new position in Axalta Coating Systems during the second quarter valued at $73,000. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 2.8 %

Axalta Coating Systems stock opened at $39.50 on Thursday. Axalta Coating Systems Ltd. has a one year low of $28.95 and a one year high of $40.10. The business’s fifty day moving average is $36.16 and its 200 day moving average is $35.23. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.00 and a quick ratio of 1.42. The stock has a market capitalization of $8.61 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 0.81 and a beta of 1.43.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 EPS. On average, sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. KeyCorp raised their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Mizuho lifted their target price on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Barclays raised their price objective on Axalta Coating Systems from $42.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada lifted their price objective on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.70.

About Axalta Coating Systems

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.