Proficio Capital Partners LLC Acquires New Shares in 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.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp boosted its stake in shares of Axalta Coating Systems by 0.7% in the 3rd quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company's stock valued at $246,923,000 after purchasing an additional 46,813 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company's stock valued at $132,823,000 after purchasing an additional 31,894 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in Axalta Coating Systems by 4.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,096,790 shares of the specialty chemicals company's stock worth $75,883,000 after buying an additional 84,594 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Axalta Coating Systems by 11.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,991,660 shares of the specialty chemicals company's stock worth $72,078,000 after buying an additional 205,085 shares in the last quarter. Finally, PointState Capital LP acquired a new position in Axalta Coating Systems during the 3rd quarter worth about $30,257,000. Institutional investors and hedge funds own 98.28% of the company's stock.

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Axalta Coating Systems Stock Up 3.0 %

Shares of NYSE AXTA traded up $1.00 during trading hours on Friday, hitting $34.44. The company had a trading volume of 2,889,825 shares, compared to its average volume of 2,000,111. The stock has a market capitalization of $7.51 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a 1-year low of $30.41 and a 1-year high of $41.65. The firm's 50 day moving average is $35.95 and its 200-day moving average is $36.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.09. The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 EPS. On average, analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Troy D. Weaver sold 10,457 shares of the firm's stock in a transaction 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 trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on AXTA shares. Barclays boosted their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. KeyCorp reissued a "sector weight" rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. 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 note on Friday, January 17th. Mizuho reduced their price target on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. Finally, StockNews.com downgraded Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Axalta Coating Systems has an average rating of "Moderate Buy" and an average target price of $43.08.

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.