Boussard & Gavaudan Investment Management LLP Makes New $8.30 Million Investment in Axalta Coating Systems Ltd. (NYSE:AXTA)

Boussard & Gavaudan Investment Management LLP purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 244,069 shares of the specialty chemicals company's stock, valued at approximately $8,301,000. Boussard & Gavaudan Investment Management LLP owned approximately 0.11% of Axalta Coating Systems as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC grew its holdings in shares of Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 443 shares during the last quarter. True Wealth Design LLC acquired a new position in Axalta Coating Systems during the third quarter worth approximately $37,000. Millburn Ridgefield Corp purchased a new stake in Axalta Coating Systems in the third quarter valued at approximately $41,000. Jones Financial Companies Lllp boosted 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 acquiring an additional 498 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of 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 valued at $72,000 after acquiring an additional 547 shares during the period. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the company's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.40% of the company's stock.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock traded up $0.36 during midday trading on Monday, reaching $33.22. The company's stock had a trading volume of 1,164,505 shares, compared to its average volume of 2,001,649. The firm has a market capitalization of $7.25 billion, a PE ratio of 18.68, a P/E/G ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a fifty-two week low of $30.41 and a fifty-two week high of $41.66. The stock's 50 day simple moving average is $35.84 and its 200 day simple moving average is $36.57. 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 (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 during 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 business's revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. On average, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on AXTA. Citigroup downgraded shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and reduced their price target for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Mizuho lowered their price target on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Barclays upped their price objective 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. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on 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. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.08.

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.