Ellevest Inc. Sells 346 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Ellevest Inc. lowered its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,597 shares of the specialty chemicals company’s stock after selling 346 shares during the quarter. Ellevest Inc.’s holdings in Axalta Coating Systems were worth $226,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AXTA. Barclays PLC grew its position in Axalta Coating Systems by 50.4% during the third 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. Franklin Resources Inc. grew its holdings in shares of Axalta Coating Systems by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 138,081 shares of the specialty chemicals company’s stock valued at $5,097,000 after purchasing an additional 53,222 shares during the last quarter. Eagle Bay Advisors LLC raised its position in Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 443 shares during the period. Oak Thistle LLC lifted its stake in Axalta Coating Systems by 434.3% in the fourth 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. Finally, Park Avenue Securities LLC boosted its position in Axalta Coating Systems by 13.3% during the fourth quarter. Park Avenue Securities LLC now owns 22,872 shares of the specialty chemicals company’s stock valued at $783,000 after buying an additional 2,676 shares during the period. 98.28% of the stock is owned by institutional investors.

Insider Transactions at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by insiders.

Axalta Coating Systems Stock Down 0.6 %

NYSE:AXTA opened at $31.08 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. The firm’s 50-day moving average price is $32.50 and its 200-day moving average price is $35.55. The company has a market capitalization of $6.79 billion, a PE ratio of 17.46, a P/E/G ratio of 0.92 and a beta of 1.35. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the firm earned $0.48 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AXTA. Barclays boosted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. BNP Paribas upgraded Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price objective for the company in a research report on Thursday, April 10th. Wells Fargo & Company raised their target price on shares of Axalta Coating Systems from $37.00 to $40.00 and gave the stock an “overweight” rating in a report on Thursday. JPMorgan Chase & Co. lowered shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $42.00 to $32.00 in a report on Thursday. Finally, StockNews.com lowered shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a report on Thursday. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.60.

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.