Mirabella Financial Services LLP Sells 19,864 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Mirabella Financial Services LLP reduced its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 43.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,736 shares of the specialty chemicals company’s stock after selling 19,864 shares during the period. Mirabella Financial Services LLP’s holdings in Axalta Coating Systems were worth $931,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. 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 worth $37,000 after acquiring an additional 266 shares during the period. Signaturefd LLC lifted its position in shares of Axalta Coating Systems by 14.1% in the 3rd quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock worth $130,000 after purchasing an additional 444 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Axalta Coating Systems by 0.4% during the second quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock valued at $3,778,000 after purchasing an additional 453 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in Axalta Coating Systems by 30.2% during the third quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company’s stock valued at $71,000 after buying an additional 455 shares during the period. Finally, Verdence Capital Advisors LLC raised its stake in Axalta Coating Systems by 4.4% in the third quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company’s stock worth $404,000 after buying an additional 473 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AXTA has been the topic of several recent research reports. Royal Bank of Canada increased their target price on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets lifted their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays boosted their target price on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. KeyCorp raised their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Finally, Robert W. Baird boosted their price objective on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Axalta Coating Systems presently has a consensus rating of “Buy” and a consensus price target of $42.45.

Axalta Coating Systems Stock Up 1.9 %

NYSE:AXTA opened at $41.29 on Tuesday. The company’s 50 day moving average is $37.42 and its two-hundred day moving average is $35.85. The company has a market cap of $9.00 billion, a PE ratio of 27.90, a P/E/G ratio of 0.87 and a beta of 1.43. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $41.65. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.08. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. Analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 EPS for the current 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.