Fox Run Management L.L.C. Acquires 8,519 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Fox Run Management L.L.C. raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 71.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,464 shares of the specialty chemicals company's stock after purchasing an additional 8,519 shares during the period. Fox Run Management L.L.C.'s holdings in Axalta Coating Systems were worth $700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AXTA. First Horizon Advisors Inc. raised its holdings in shares of Axalta Coating Systems by 35.2% during the third 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 in the last quarter. Cerity Partners LLC increased its position in Axalta Coating Systems by 168.4% during the 3rd quarter. Cerity Partners LLC now owns 29,481 shares of the specialty chemicals company's stock valued at $1,067,000 after purchasing an additional 18,496 shares during the period. Westfield Capital Management Co. LP raised its holdings in Axalta Coating Systems by 4.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,096,790 shares of the specialty chemicals company's stock worth $75,883,000 after purchasing an additional 84,594 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in shares of Axalta Coating Systems in the 3rd quarter worth about $214,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Axalta Coating Systems by 68.4% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company's stock valued at $1,310,000 after purchasing an additional 14,704 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

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Analysts Set New Price Targets

AXTA has been the subject of several research analyst reports. Wolfe Research upgraded shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective for the company in a report on Friday, January 17th. Barclays lifted their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Mizuho decreased their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Finally, StockNews.com lowered shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems has a consensus rating of "Moderate Buy" and an average target price of $43.08.

Axalta Coating Systems Stock Down 0.7 %

Shares of NYSE:AXTA traded down $0.24 during trading on Friday, reaching $32.87. 1,723,002 shares of the stock traded hands, compared to its average volume of 2,004,441. The stock has a market cap of $7.17 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The stock has a 50-day moving average of $35.84 and a two-hundred day moving average of $36.54. Axalta Coating Systems Ltd. has a 52-week low of $30.41 and a 52-week high of $41.66.

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, beating 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 business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the business posted $0.43 EPS. The company's revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the business's stock in a transaction 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 completion of the sale, the insider now directly owns 74,905 shares in the company, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.40% of the stock is owned by insiders.

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.