Locust Wood Capital Advisers LLC Has $116.10 Million Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Locust Wood Capital Advisers LLC decreased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 16.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,392,644 shares of the specialty chemicals company's stock after selling 649,135 shares during the period. Axalta Coating Systems accounts for about 4.0% of Locust Wood Capital Advisers LLC's holdings, making the stock its 10th biggest position. Locust Wood Capital Advisers LLC owned 1.56% of Axalta Coating Systems worth $116,096,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Eagle Bay Advisors LLC boosted its position 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 during the period. Jones Financial Companies Lllp raised its stake 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 buying an additional 498 shares during the last quarter. UMB Bank n.a. boosted its stake in Axalta Coating Systems by 35.4% in the 4th 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 in the last quarter. Plato Investment Management Ltd raised its stake in shares of Axalta Coating Systems by 156.4% in the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in shares of 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. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AXTA has been the subject of several recent research reports. Mizuho cut their target price on shares of Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. StockNews.com downgraded shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Wolfe Research raised shares of 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 note on Friday, January 17th. BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price on the stock in a research report on Thursday, April 10th. Finally, Barclays upped their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Axalta Coating Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.64.

Axalta Coating Systems Stock Up 0.4 %

AXTA stock traded up $0.14 during mid-day trading on Tuesday, reaching $31.30. The company had a trading volume of 695,873 shares, compared to its average volume of 2,039,872. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. Axalta Coating Systems Ltd. has a fifty-two week low of $27.70 and a fifty-two week high of $41.66. The company has a market capitalization of $6.83 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. The firm has a fifty day simple moving average of $34.35 and a 200 day simple moving average of $36.12.

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 for the quarter, beating analysts' consensus estimates of $0.51 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. Axalta Coating Systems's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. Analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the firm'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 transaction of $392,869.49. Following the sale, the insider now owns 74,905 shares in the company, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.40% of the stock is owned by corporate insiders.

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.