Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Algert Global LLC

Algert Global LLC lowered its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,655 shares of the specialty chemicals company's stock after selling 15,220 shares during the period. Algert Global LLC owned approximately 0.07% of Axalta Coating Systems worth $5,488,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AXTA. First Horizon Advisors Inc. lifted its position 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 valued at $37,000 after purchasing an additional 266 shares during the period. Signaturefd LLC lifted its holdings 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 valued at $130,000 after buying 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% in 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 buying an additional 453 shares in the last quarter. Venturi Wealth Management LLC grew 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 worth $71,000 after acquiring an additional 455 shares during the period. Finally, Verdence Capital Advisors LLC raised its position 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 acquiring an additional 473 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Up 1.9 %

Shares of AXTA stock traded up $0.77 during trading hours on Monday, reaching $41.29. The company had a trading volume of 1,690,907 shares, compared to its average volume of 2,017,536. The stock's fifty day simple moving average is $37.30 and its 200 day simple moving average is $35.82. The company has a market capitalization of $9.00 billion, a P/E ratio of 27.90, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.08. The firm had revenue of $1.32 billion during 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%. Axalta Coating Systems's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.45 earnings per share. As a group, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AXTA. Mizuho boosted their price target on Axalta Coating Systems from $42.00 to $43.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Robert W. Baird upped their target price on Axalta Coating Systems from $40.00 to $42.00 and gave the company an "outperform" rating in a report on Friday, August 2nd. Evercore ISI initiated coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price target for the company. KeyCorp boosted 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 report on Thursday, October 31st. Finally, Royal Bank of Canada increased their price objective 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. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $42.45.

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.