Mirabella Financial Services LLP Sells 19,864 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Mirabella Financial Services LLP cut its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 43.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,736 shares of the specialty chemicals company's stock after selling 19,864 shares during the period. Mirabella Financial Services LLP's holdings in Axalta Coating Systems were worth $931,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd lifted its stake in shares of Axalta Coating Systems by 68.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company's stock valued at $1,310,000 after purchasing an additional 14,704 shares during the period. Daiwa Securities Group Inc. bought a new stake in Axalta Coating Systems in the third quarter valued at about $214,000. Westfield Capital Management Co. LP lifted its stake in Axalta Coating Systems by 4.2% in the third quarter. Westfield Capital Management Co. LP now owns 2,096,790 shares of the specialty chemicals company's stock valued at $75,883,000 after buying an additional 84,594 shares during the period. Cerity Partners LLC lifted its stake in Axalta Coating Systems by 168.4% in the third quarter. Cerity Partners LLC now owns 29,481 shares of the specialty chemicals company's stock valued at $1,067,000 after buying an additional 18,496 shares during the period. Finally, First Horizon Advisors Inc. boosted its holdings in Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock worth $37,000 after buying an additional 266 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Down 1.5 %

Shares of NYSE:AXTA traded down $0.62 during mid-day trading on Tuesday, reaching $40.67. 1,980,096 shares of the stock were exchanged, compared to its average volume of 2,017,373. The stock's 50 day simple moving average is $37.52 and its 200-day simple moving average is $35.88. Axalta Coating Systems Ltd. has a one year low of $30.40 and a one year high of $41.65. The company has a market cap of $8.87 billion, a P/E ratio of 27.48, a P/E/G ratio of 0.87 and a beta of 1.43. The company has a quick ratio of 1.42, a current ratio of 2.00 and a debt-to-equity ratio of 1.80.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. The company had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business earned $0.45 EPS. As a group, equities research analysts predict that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.

Wall Street Analysts Forecast Growth

AXTA has been the subject of a number of recent analyst reports. Evercore ISI started coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price target for the company. BMO Capital Markets upped their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a research note on Wednesday, November 13th. Royal Bank of Canada lifted their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Mizuho upped their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. Finally, KeyCorp raised their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems has an average rating of "Buy" and a consensus price target of $42.45.

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.