Proficio Capital Partners LLC Acquires Shares of 10,232 Axalta Coating Systems Ltd. (NYSE:AXTA)

Proficio Capital Partners LLC purchased a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 10,232 shares of the specialty chemicals company's stock, valued at approximately $350,000.

Several other institutional investors also recently modified their holdings of AXTA. First Horizon Advisors Inc. lifted its position 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 worth $37,000 after purchasing an additional 266 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Axalta Coating Systems by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company's stock valued at $820,000 after buying an additional 323 shares during the period. Principal Securities Inc. lifted its holdings 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 valued at $218,000 after buying an additional 332 shares during the period. CIBC Asset Management Inc boosted its position in 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 acquiring an additional 334 shares during the last quarter. Finally, Optas LLC grew its holdings in Axalta Coating Systems by 7.3% during the 4th quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company's stock worth $206,000 after acquiring an additional 412 shares during the period. Institutional investors own 98.28% of the company's stock.

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Insider Activity

In other 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 transaction of $392,869.49. Following the completion of the transaction, the insider now directly owns 74,905 shares of the company's stock, valued at $2,814,180.85. This represents a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.40% of the company's stock.

Axalta Coating Systems Stock Down 0.7 %

Axalta Coating Systems stock traded down $0.24 during midday trading on Friday, hitting $32.87. 1,723,002 shares of the stock were exchanged, compared to its average volume of 2,004,441. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a 52-week low of $30.41 and a 52-week high of $41.66. The business's 50-day moving average price is $35.84 and its 200-day moving average price is $36.56.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.09. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The company's revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 EPS. On average, research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AXTA shares. Deutsche Bank Aktiengesellschaft cut their target price on Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. Wolfe Research upgraded shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective on the stock in a report on Friday, January 17th. StockNews.com downgraded Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. KeyCorp reaffirmed a "sector weight" rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Finally, Barclays boosted their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Axalta Coating Systems has a consensus rating of "Moderate Buy" and a consensus price target of $43.08.

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.