Aster Capital Management DIFC Ltd Purchases Shares of 12,429 Axalta Coating Systems Ltd. (NYSE:AXTA)

Aster Capital Management DIFC Ltd acquired a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 12,429 shares of the specialty chemicals company's stock, valued at approximately $425,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Eagle Bay Advisors LLC grew its holdings in Axalta Coating Systems by 116.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after buying an additional 443 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock valued at $45,000 after purchasing an additional 498 shares in the last quarter. UMB Bank n.a. increased its position in Axalta Coating Systems by 35.4% in the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock worth $72,000 after purchasing an additional 547 shares during the last quarter. Plato Investment Management Ltd raised its stake in Axalta Coating Systems by 156.4% during the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock valued at $77,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Axalta Coating Systems by 31.4% during the fourth quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock valued at $88,000 after purchasing an additional 617 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on AXTA. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. KeyCorp restated a "sector weight" rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective for the company in a research note on Thursday. Barclays boosted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Finally, Citigroup lowered their price target on Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Axalta Coating Systems presently has an average rating of "Moderate Buy" and a consensus price target of $41.64.

Axalta Coating Systems Stock Up 1.4 %

Shares of NYSE AXTA traded up $0.42 during midday trading on Friday, reaching $30.64. 2,138,515 shares of the company's stock traded hands, compared to its average volume of 2,044,639. The company has a market cap of $6.68 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 0.92 and a beta of 1.33. The stock's 50 day simple moving average is $34.48 and its 200-day simple moving average is $36.17. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a one year low of $27.70 and a one year high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.09. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business's revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. On average, analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Insider Buying and Selling at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value 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. The trade was a 12.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company's stock.

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.