Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Assetmark Inc.

Assetmark Inc. trimmed its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,997 shares of the specialty chemicals company’s stock after selling 73,697 shares during the period. Assetmark Inc.’s holdings in Axalta Coating Systems were worth $6,502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AXTA. First Horizon Advisors Inc. increased 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 worth $37,000 after buying an additional 266 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Axalta Coating Systems by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company’s stock worth $820,000 after acquiring an additional 323 shares in the last quarter. Principal Securities Inc. increased its position in shares of Axalta Coating Systems by 5.5% in the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 332 shares during the last quarter. CIBC Asset Management Inc raised its stake in shares of 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 purchasing an additional 334 shares in the last quarter. Finally, Optas LLC lifted its position in shares of Axalta Coating Systems by 7.3% during the fourth quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company’s stock worth $206,000 after purchasing an additional 412 shares during the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AXTA. Mizuho lowered their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on 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. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price target on the stock. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $43.08.

Insider Buying and Selling at Axalta Coating Systems

In related 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 value of $392,869.49. Following the completion of the transaction, the insider now 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 filing with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by company insiders.

Axalta Coating Systems Trading Down 1.3 %

Shares of NYSE:AXTA opened at $34.97 on Friday. 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 company’s 50-day moving average price is $35.98 and its 200 day moving average price is $36.68. The company has a market cap of $7.63 billion, a PE ratio of 19.64, a P/E/G ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a fifty-two week low of $30.41 and a fifty-two week high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. The company 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%. Axalta Coating Systems’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 earnings per share. Sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share 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.