Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lowered its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,710 shares of the specialty chemicals company’s stock after selling 7,000 shares during the period. Gamco Investors INC. ET AL owned 0.06% of Axalta Coating Systems worth $4,473,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Oak Thistle LLC boosted its stake in shares of Axalta Coating Systems by 434.3% during the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after purchasing an additional 32,135 shares during the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Axalta Coating Systems by 5.8% during the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock valued at $16,135,000 after buying an additional 24,402 shares during the period. American Century Companies Inc. boosted its position in Axalta Coating Systems by 57.8% during the fourth quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company’s stock worth $12,183,000 after acquiring an additional 130,427 shares during the last quarter. Principal Securities Inc. grew its stake in Axalta Coating Systems by 5.5% in the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock worth $218,000 after acquiring an additional 332 shares during the period. Finally, Barclays PLC raised its holdings in Axalta Coating Systems by 50.4% in the 3rd quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company’s stock valued at $5,589,000 after acquiring an additional 51,748 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 0.4 %

Shares of AXTA opened at $31.24 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The stock has a market cap of $6.81 billion, a PE ratio of 17.55, a P/E/G ratio of 0.92 and a beta of 1.33. The stock’s 50-day moving average is $33.96 and its two-hundred day moving average is $36.01.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly 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 analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. Axalta Coating Systems’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.43 EPS. Equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the transaction, the insider now owns 74,905 shares in the company, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

AXTA has been the subject of a number of recent analyst reports. Citigroup lowered their price objective on Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company decreased their target price on shares of Axalta Coating Systems from $42.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target for the company in a research report on Friday, January 17th. Finally, Mizuho set a $37.00 price target on shares of Axalta Coating Systems in a research note on Tuesday. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.36.

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.