Greenland Capital Management LP Takes Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Greenland Capital Management LP bought a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 15,200 shares of the specialty chemicals company's stock, valued at approximately $520,000.

Several other institutional investors also recently bought and sold shares of the business. Eagle Bay Advisors LLC raised its stake 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 worth $28,000 after acquiring an additional 443 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of 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 purchasing an additional 498 shares in the last quarter. UMB Bank n.a. increased its position in shares of Axalta Coating Systems by 35.4% during the fourth 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 lifted its holdings in shares of Axalta Coating Systems by 156.4% during the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock valued at $77,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Axalta Coating Systems by 31.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock worth $88,000 after purchasing an additional 617 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AXTA has been the subject of several research analyst reports. Barclays increased their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Wells Fargo & Company dropped their price target on shares of Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Citigroup reduced their target price on Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Mizuho decreased their price target on shares of Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $41.64.

Axalta Coating Systems Stock Up 0.8 %

Axalta Coating Systems stock traded up $0.25 during trading on Monday, reaching $30.92. 434,200 shares of the company's stock were exchanged, compared to its average volume of 2,083,798. The company's 50-day moving average is $34.48 and its two-hundred day moving average is $36.16. 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 52-week low of $27.70 and a 52-week high of $41.65. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 0.92 and a beta of 1.33.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings data 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. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period last year, the business earned $0.43 EPS. The firm's revenue for the quarter was up 1.1% compared to the same quarter last year. On average, analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Insider Transactions at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.40% of the company's stock.

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.