Landscape Capital Management L.L.C. Purchases Shares of 27,487 Axalta Coating Systems Ltd. (NYSE:AXTA)

Landscape Capital Management L.L.C. acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 27,487 shares of the specialty chemicals company's stock, valued at approximately $941,000.

Several other institutional investors have also added to or reduced their stakes in AXTA. Cinctive Capital Management LP lifted its position in shares of Axalta Coating Systems by 112.1% during the fourth quarter. Cinctive Capital Management LP now owns 52,436 shares of the specialty chemicals company's stock worth $1,794,000 after acquiring an additional 27,714 shares in the last quarter. Bryce Point Capital LLC bought a new position in Axalta Coating Systems in the 4th quarter worth about $547,000. Headlands Technologies LLC grew its holdings in Axalta Coating Systems by 54.7% during the 4th quarter. Headlands Technologies LLC now owns 3,270 shares of the specialty chemicals company's stock valued at $112,000 after buying an additional 1,156 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Axalta Coating Systems by 6.5% during the fourth quarter. Alliancebernstein L.P. now owns 307,812 shares of the specialty chemicals company's stock valued at $10,533,000 after buying an additional 18,867 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Axalta Coating Systems by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company's stock worth $225,789,000 after buying an additional 82,200 shares in the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction 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 directly owns 74,905 shares of the company's stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

AXTA has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday. BNP Paribas upgraded shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target for the company in a research report on Thursday. Wells Fargo & Company decreased 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 report on Wednesday. Wolfe Research raised Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective for the company in a research note on Friday, January 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.64.

Axalta Coating Systems Price Performance

AXTA traded up $0.42 during midday trading on Friday, hitting $30.64. The stock had a trading volume of 2,138,515 shares, compared to its average volume of 2,044,639. The company has a market cap of $6.68 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. Axalta Coating Systems Ltd. has a 1 year low of $27.70 and a 1 year high of $41.66. The business has a fifty day moving average of $34.48 and a 200 day moving average of $36.17. 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 (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 (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.09. The company had revenue of $1.31 billion during 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 was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. As a group, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal 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.