Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Bought by Globeflex Capital L P

Globeflex Capital L P boosted its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 51.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 29,522 shares of the specialty chemicals company's stock after acquiring an additional 10,000 shares during the quarter. Globeflex Capital L P's holdings in Axalta Coating Systems were worth $1,010,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC boosted its position in Axalta Coating Systems by 116.3% in the fourth 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 during the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock valued at $37,000 after acquiring an additional 266 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Axalta Coating Systems in the third quarter worth $37,000. Millburn Ridgefield Corp acquired a new stake in shares of Axalta Coating Systems in the third quarter worth $41,000. Finally, Jones Financial Companies Lllp lifted its position in Axalta Coating Systems by 60.7% during 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 during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the sale, the insider now owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company's stock.

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Wall Street Analysts Forecast Growth

AXTA has been the topic of several analyst reports. Wolfe Research raised Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target on the stock in a research report on Friday, January 17th. StockNews.com cut Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Citigroup lowered Axalta Coating Systems from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Barclays boosted their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.08.

Axalta Coating Systems Price Performance

NYSE:AXTA traded up $0.05 during trading hours on Wednesday, hitting $34.44. 1,695,641 shares of the stock were exchanged, compared to its average volume of 1,940,211. The firm's fifty day moving average price is $35.98 and its 200 day moving average price is $36.64. Axalta Coating Systems Ltd. has a 52-week low of $30.41 and a 52-week high of $41.66. The company has a market cap of $7.51 billion, a P/E ratio of 19.35, a P/E/G ratio of 0.92 and a beta of 1.45. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 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 analysts' expectations of $1.31 billion. During the same period in the previous year, the business earned $0.43 earnings per share. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

About Axalta Coating Systems

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.