ING Groep NV purchased a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 180,000 shares of the specialty chemicals company's stock, valued at approximately $6,160,000. ING Groep NV owned approximately 0.08% of Axalta Coating Systems as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC lifted its stake in Axalta Coating Systems by 116.3% in the fourth 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 during the period. First Horizon Advisors Inc. raised its holdings in shares of Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Axalta Coating Systems in the 3rd quarter worth approximately $37,000. Millburn Ridgefield Corp bought a new position in shares of Axalta Coating Systems during the third quarter valued at approximately $41,000. Finally, Capital Performance Advisors LLP purchased a new position in Axalta Coating Systems during the third quarter valued at approximately $54,000. Hedge funds and other institutional investors own 98.28% of the company's stock.
Analyst Ratings Changes
AXTA has been the subject of a number of analyst reports. Barclays upped their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Mizuho cut their target price on 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. KeyCorp reissued a "sector weight" rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Finally, Evercore ISI started coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Axalta Coating Systems presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.08.
Get Our Latest Research Report on AXTA
Insider Transactions at Axalta Coating Systems
In related news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the transaction, the insider now owns 74,905 shares in the company, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.40% of the company's stock.
Axalta Coating Systems Stock Performance
Shares of NYSE AXTA traded up $0.32 during midday trading on Monday, reaching $36.35. The company had a trading volume of 1,934,873 shares, compared to its average volume of 1,930,665. Axalta Coating Systems Ltd. has a 1 year low of $30.41 and a 1 year high of $41.65. The business's 50-day simple moving average is $35.84 and its 200 day simple moving average is $36.61. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The stock has a market cap of $7.93 billion, a P/E ratio of 20.42, a P/E/G ratio of 0.94 and a beta of 1.46.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.43 EPS. On average, analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.
About Axalta Coating Systems
(
Free Report)
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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