Edgestream Partners L.P. Buys Shares of 143,585 Axalta Coating Systems Ltd. (NYSE:AXTA)

Edgestream Partners L.P. purchased a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 143,585 shares of the specialty chemicals company's stock, valued at approximately $4,913,000. Edgestream Partners L.P. owned approximately 0.07% of Axalta Coating Systems as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC boosted its holdings in shares of Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 443 shares in the last quarter. First Horizon Advisors Inc. lifted 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 worth $37,000 after buying an additional 266 shares during the last quarter. True Wealth Design LLC bought a new stake in shares of Axalta Coating Systems during the 3rd quarter worth $37,000. Millburn Ridgefield Corp acquired a new stake in Axalta Coating Systems in the third quarter valued at about $41,000. Finally, 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 worth $45,000 after acquiring an additional 498 shares in the last quarter. Institutional investors own 98.28% of the company's stock.

Insider Activity at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the sale, the insider now directly owns 74,905 shares in the company, valued at $2,814,180.85. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

AXTA has been the topic of a number of research analyst reports. BMO Capital Markets raised 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 report on Wednesday, November 13th. Citigroup lowered Axalta Coating Systems from a "buy" rating to a "neutral" rating and reduced their price objective for the stock 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 report on Tuesday, December 17th. Evercore ISI started coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price target on the stock. Finally, Mizuho dropped their price objective on shares of Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $43.08.

Axalta Coating Systems Stock Down 0.3 %

NYSE:AXTA traded down $0.10 during trading hours on Wednesday, hitting $33.86. 1,962,179 shares of the company traded hands, compared to its average volume of 1,975,474. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The company has a market cap of $7.39 billion, a PE ratio of 19.02, a PEG ratio of 0.92 and a beta of 1.45. The firm's 50-day simple moving average is $35.96 and its 200-day simple moving average is $36.69. Axalta Coating Systems Ltd. has a one year low of $30.41 and a one year high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.09. The business had revenue of $1.31 billion for 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%. The firm's revenue for the quarter 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. Equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Axalta Coating Systems 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.