Hancock Whitney Corp Takes Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Hancock Whitney Corp 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 SEC. The firm purchased 17,454 shares of the specialty chemicals company's stock, valued at approximately $597,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its holdings in shares of Axalta Coating Systems by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company's stock worth $820,000 after acquiring an additional 323 shares during the last quarter. Principal Securities Inc. lifted its stake in Axalta Coating Systems by 5.5% in the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock worth $218,000 after purchasing an additional 332 shares during the last quarter. CIBC Asset Management Inc boosted its position in shares of Axalta Coating Systems by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company's stock valued at $231,000 after buying an additional 334 shares during the period. Optas LLC boosted its position in shares of Axalta Coating Systems by 7.3% during the fourth quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company's stock valued at $206,000 after buying an additional 412 shares during the period. Finally, Eagle Bay Advisors LLC grew its stake 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 valued at $28,000 after buying an additional 443 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

Insider Transactions at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $37.57, for a total value 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. This trade represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $31.82 on Friday. Axalta Coating Systems Ltd. has a one year low of $27.70 and a one year high of $41.66. The company has a market capitalization of $6.94 billion, a PE ratio of 17.88, a P/E/G ratio of 0.92 and a beta of 1.33. 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 company has a 50-day simple moving average of $33.28 and a two-hundred day simple moving average of $35.83.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates 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 revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.43 EPS. Research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wolfe Research raised Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective on the stock in a research report on Friday, January 17th. Barclays raised their price target on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price objective for the company in a research report on Thursday, April 10th. StockNews.com lowered shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Finally, Mizuho set a $37.00 price target on shares of Axalta Coating Systems in a research note on Tuesday, April 15th. Three research 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's stock. According to MarketBeat, Axalta Coating Systems presently has a consensus rating of "Moderate Buy" and an average price target of $41.36.

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.

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