Dana Investment Advisors Inc. Lowers Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Dana Investment Advisors Inc. lowered its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 21,934 shares of the specialty chemicals company’s stock after selling 751 shares during the period. Dana Investment Advisors Inc.’s holdings in Axalta Coating Systems were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AXTA. Janney Montgomery Scott LLC purchased a new position in shares of Axalta Coating Systems during the third quarter worth about $855,000. Graypoint LLC boosted its holdings in Axalta Coating Systems by 11.3% in the 3rd quarter. Graypoint LLC now owns 7,348 shares of the specialty chemicals company’s stock valued at $266,000 after purchasing an additional 744 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Axalta Coating Systems in the 3rd quarter valued at approximately $54,000. Verdence Capital Advisors LLC boosted its holdings in Axalta Coating Systems by 4.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company’s stock valued at $404,000 after purchasing an additional 473 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in Axalta Coating Systems by 19.8% in the 3rd quarter. Atria Investments Inc now owns 27,527 shares of the specialty chemicals company’s stock valued at $996,000 after purchasing an additional 4,542 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Insider Buying and Selling

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This represents a 12.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.40% of the company’s stock.

Axalta Coating Systems Trading Down 1.3 %

Shares of Axalta Coating Systems stock opened at $34.97 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems Ltd. has a 1 year low of $30.41 and a 1 year high of $41.65. The company has a market capitalization of $7.63 billion, a P/E ratio of 19.64, a P/E/G ratio of 0.92 and a beta of 1.45. The business has a 50 day moving average price of $35.98 and a 200 day moving average price of $36.70.

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. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.43 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

AXTA has been the topic of a number of analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Mizuho lowered their price objective 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. Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a report on Friday, January 17th. Finally, BMO Capital Markets boosted their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.08.

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.