Proficio Capital Partners LLC Purchases Shares of 10,232 Axalta Coating Systems Ltd. (NYSE:AXTA)

Proficio Capital Partners LLC bought a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,232 shares of the specialty chemicals company’s stock, valued at approximately $350,000.

Several other institutional investors also recently added to or reduced their stakes in AXTA. First Horizon Advisors Inc. raised its stake in shares of 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 purchasing an additional 266 shares in the last quarter. Cerity Partners LLC boosted its holdings in Axalta Coating Systems by 168.4% during the third quarter. Cerity Partners LLC now owns 29,481 shares of the specialty chemicals company’s stock valued at $1,067,000 after purchasing an additional 18,496 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Axalta Coating Systems during the third quarter worth $214,000. Dynamic Technology Lab Private Ltd boosted its position in Axalta Coating Systems by 68.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock valued at $1,310,000 after buying an additional 14,704 shares in the last quarter. Finally, Qsemble Capital Management LP acquired a new position in Axalta Coating Systems in the third quarter valued at about $1,496,000. 98.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Barclays boosted their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. 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 note on Friday, January 17th. Finally, Mizuho decreased their target price on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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 business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the sale, the insider now directly owns 74,905 shares of the company’s stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.40% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $34.20 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The firm has a market capitalization of $7.46 billion, a PE ratio of 19.21, a P/E/G ratio of 0.92 and a beta of 1.45. The stock has a 50 day simple moving average of $35.98 and a 200 day simple moving average of $36.60. Axalta Coating Systems Ltd. has a 52-week low of $30.41 and a 52-week high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data 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. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. Sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

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.