Marathon Asset Management Ltd Decreases Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Marathon Asset Management Ltd decreased its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 423,539 shares of the specialty chemicals company's stock after selling 27,823 shares during the period. Marathon Asset Management Ltd owned about 0.19% of Axalta Coating Systems worth $14,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of AXTA. Eagle Bay Advisors LLC grew its position in shares of 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 acquiring an additional 443 shares during the period. First Horizon Advisors Inc. grew its position in shares of Axalta Coating Systems by 35.2% during 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 period. True Wealth Design LLC bought a new stake in shares of Axalta Coating Systems during the 3rd quarter valued at $37,000. Millburn Ridgefield Corp bought a new stake in shares of Axalta Coating Systems during the 3rd quarter valued at $41,000. Finally, Jones Financial Companies Lllp grew its position in shares of Axalta Coating Systems by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock valued at $45,000 after acquiring an additional 498 shares during the period. Institutional investors own 98.28% of the company's stock.

Insider Transactions at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of the company's 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 completion of the sale, the insider now owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AXTA shares. Deutsche Bank Aktiengesellschaft lowered 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 research note on Thursday, December 19th. BMO Capital Markets lifted their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Barclays lifted 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. Evercore ISI started coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They set an "outperform" rating and a $47.00 target price on the stock. Finally, KeyCorp restated a "sector weight" rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $43.08.

Axalta Coating Systems Trading Up 3.2 %

NYSE:AXTA traded up $1.10 during mid-day trading on Wednesday, hitting $35.39. 2,215,253 shares of the stock traded hands, compared to its average volume of 1,960,001. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a 52 week low of $30.41 and a 52 week high of $41.65. The firm's 50 day moving average is $35.95 and its two-hundred day moving average is $36.69. 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 (NYSE:AXTA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping 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 net margin of 7.41% and a return on equity of 26.29%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. On average, equities research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

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.