Envestnet Portfolio Solutions Inc. Has $735,000 Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Envestnet Portfolio Solutions Inc. raised its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 21,471 shares of the specialty chemicals company’s stock after purchasing an additional 1,308 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Axalta Coating Systems were worth $735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in AXTA. First Horizon Advisors Inc. increased 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 acquiring an additional 266 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Axalta Coating Systems by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company’s stock worth $820,000 after buying an additional 323 shares in the last quarter. Principal Securities Inc. lifted 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 buying an additional 332 shares during the period. CIBC Asset Management Inc boosted its stake in Axalta Coating Systems by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company’s stock valued at $231,000 after buying an additional 334 shares in the last quarter. Finally, Optas LLC grew its position in Axalta Coating Systems by 7.3% in the fourth quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company’s stock valued at $206,000 after acquiring an additional 412 shares during the period. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AXTA shares. Barclays lifted 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. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft reduced their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, Citigroup cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and dropped their price target for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $43.08.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction 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 sale, the insider now directly owns 74,905 shares in the company, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.40% of the company’s stock.

Axalta Coating Systems Stock Up 2.9 %

Shares of NYSE AXTA opened at $34.78 on Tuesday. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $7.59 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The firm’s 50-day moving average is $35.99 and its 200-day moving average is $36.60. Axalta Coating Systems Ltd. has a 1 year low of $30.41 and a 1 year high of $41.66.

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

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.