Principal Securities Inc. Has $218,000 Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Principal Securities Inc. raised its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 5.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,378 shares of the specialty chemicals company’s stock after acquiring an additional 332 shares during the quarter. Principal Securities Inc.’s holdings in Axalta Coating Systems were worth $218,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AXTA. Eagle Bay Advisors LLC lifted its stake in Axalta Coating Systems by 116.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 443 shares during the period. First Horizon Advisors Inc. lifted its stake in Axalta Coating Systems by 35.2% in the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 266 shares during the period. True Wealth Design LLC acquired a new position in Axalta Coating Systems in the third quarter valued at approximately $37,000. Millburn Ridgefield Corp acquired a new position in Axalta Coating Systems in the third quarter valued at approximately $41,000. Finally, Capital Performance Advisors LLP acquired a new position in Axalta Coating Systems in the third quarter valued at approximately $54,000. 98.28% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 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 of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Axalta Coating Systems Trading Down 3.0 %

Shares of Axalta Coating Systems stock opened at $36.02 on Monday. The stock has a fifty day simple moving average of $35.84 and a 200 day simple moving average of $36.61. Axalta Coating Systems Ltd. has a 12-month low of $30.41 and a 12-month high of $41.65. The company has a market capitalization of $7.86 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74.

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

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Royal Bank of Canada boosted their price target 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. BMO Capital Markets boosted their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. 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 report on Tuesday, January 7th. Barclays boosted their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Finally, Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Axalta Coating Systems currently has an average rating of “Moderate Buy” and a consensus price target of $43.08.

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.