Leeward Investments LLC MA Reduces Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Leeward Investments LLC MA lessened its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 496,968 shares of the specialty chemicals company's stock after selling 27,820 shares during the period. Leeward Investments LLC MA owned about 0.23% of Axalta Coating Systems worth $17,006,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning boosted its position in Axalta Coating Systems by 33.9% during the third quarter. Creative Planning now owns 11,449 shares of the specialty chemicals company's stock valued at $414,000 after acquiring an additional 2,898 shares during the last quarter. Raymond James & Associates boosted its position in shares of Axalta Coating Systems by 48.3% during the 3rd quarter. Raymond James & Associates now owns 168,187 shares of the specialty chemicals company's stock valued at $6,087,000 after purchasing an additional 54,746 shares in the last quarter. Signaturefd LLC boosted its position in shares of Axalta Coating Systems by 14.1% during the 3rd quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company's stock valued at $130,000 after purchasing an additional 444 shares in the last quarter. Ballentine Partners LLC acquired a new stake in Axalta Coating Systems during the third quarter worth approximately $341,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Axalta Coating Systems by 41.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 19,308 shares of the specialty chemicals company's stock worth $699,000 after purchasing an additional 5,667 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company's stock.

Insider Activity at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AXTA shares. Evercore ISI assumed coverage on Axalta Coating Systems in a report on Wednesday, November 13th. They set an "outperform" rating and a $47.00 price target on the stock. StockNews.com cut shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. BMO Capital Markets upped their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. KeyCorp reissued a "sector weight" rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Finally, Wolfe Research raised Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 target price for the company in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.08.

Axalta Coating Systems Stock Up 1.6 %

AXTA traded up $0.58 during mid-day trading on Monday, reaching $36.61. 772,299 shares of the stock were exchanged, compared to its average volume of 1,894,973. Axalta Coating Systems Ltd. has a 1 year low of $30.41 and a 1 year high of $41.65. 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 market capitalization of $7.99 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 0.94 and a beta of 1.46. The company has a 50 day moving average price of $35.84 and a two-hundred day moving average price of $36.61.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings data 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. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the firm posted $0.43 EPS. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. As a group, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

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.