Ieq Capital LLC Has $493,000 Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Ieq Capital LLC lifted its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 27.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,400 shares of the specialty chemicals company’s stock after acquiring an additional 3,085 shares during the period. Ieq Capital LLC’s holdings in Axalta Coating Systems were worth $493,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Global Retirement Partners LLC grew its position in shares of Axalta Coating Systems by 31.6% during the 4th quarter. Global Retirement Partners LLC now owns 9,384 shares of the specialty chemicals company’s stock worth $321,000 after buying an additional 2,252 shares during the period. Venturi Wealth Management LLC boosted its stake in Axalta Coating Systems by 31.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company’s stock worth $88,000 after acquiring an additional 617 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Axalta Coating Systems by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company’s stock worth $231,000 after acquiring an additional 334 shares during the last quarter. Principal Securities Inc. boosted its stake in 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 acquiring an additional 332 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Axalta Coating Systems by 2.4% during the 4th quarter. Rhumbline Advisers now owns 579,424 shares of the specialty chemicals company’s stock worth $19,828,000 after acquiring an additional 13,483 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. BMO Capital Markets lifted their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Barclays lifted their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Royal Bank of Canada lifted their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft cut 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. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Axalta Coating Systems has an average rating of “Moderate Buy” and an average target price of $43.08.

Insider Buying and Selling

In related news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Axalta Coating Systems Stock Performance

Shares of AXTA stock opened at $36.70 on Thursday. The company’s fifty day simple moving average is $35.85 and its 200-day simple moving average is $36.65. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The firm has a market cap of $8.01 billion, a PE ratio of 20.62, a P/E/G ratio of 0.92 and a beta of 1.46. Axalta Coating Systems Ltd. has a 12 month low of $30.41 and a 12 month high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data 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. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates 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 for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Equities research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal 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.