Blair William & Co. IL Sells 5,274 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Blair William & Co. IL lowered its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 32.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,896 shares of the specialty chemicals company’s stock after selling 5,274 shares during the quarter. Blair William & Co. IL’s holdings in Axalta Coating Systems were worth $373,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Axalta Coating Systems by 151.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 633,017 shares of the specialty chemicals company’s stock valued at $22,909,000 after buying an additional 381,488 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Axalta Coating Systems by 12.9% during the 3rd quarter. Captrust Financial Advisors now owns 18,940 shares of the specialty chemicals company’s stock valued at $685,000 after acquiring an additional 2,165 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Axalta Coating Systems during the 3rd quarter valued at approximately $326,000. Janus Henderson Group PLC grew its holdings in shares of Axalta Coating Systems by 28.4% in the third quarter. Janus Henderson Group PLC now owns 160,458 shares of the specialty chemicals company’s stock valued at $5,806,000 after purchasing an additional 35,496 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in Axalta Coating Systems by 61.7% in the third quarter. Quantinno Capital Management LP now owns 167,452 shares of the specialty chemicals company’s stock worth $6,060,000 after purchasing an additional 63,874 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Down 5.8 %

NYSE AXTA opened at $29.73 on Friday. Axalta Coating Systems Ltd. has a 12 month low of $28.95 and a 12 month high of $41.66. The company’s 50-day moving average price is $35.41 and its 200-day moving average price is $36.46. The stock has a market cap of $6.49 billion, a PE ratio of 16.70, a PEG ratio of 0.92 and a beta of 1.33. 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 issued 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. 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 company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. Equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Insiders Place Their Bets

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the 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 transaction, the insider now directly owns 74,905 shares in the company, valued at $2,814,180.85. This represents 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. Company insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Barclays lifted 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 note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Citigroup lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $45.00 to $41.00 in a research note on Wednesday, December 18th. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Finally, Mizuho decreased their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.00.

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.