Raymond James Financial Inc. Purchases Shares of 208,264 Axalta Coating Systems Ltd. (NYSE:AXTA)

Raymond James Financial Inc. bought a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 208,264 shares of the specialty chemicals company's stock, valued at approximately $7,127,000. Raymond James Financial Inc. owned approximately 0.10% of Axalta Coating Systems at the end of the most recent quarter.

Several other large investors have also modified their holdings of AXTA. Eagle Bay Advisors LLC raised its position in shares of Axalta Coating Systems by 116.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after buying an additional 443 shares during the last quarter. True Wealth Design LLC purchased a new stake in Axalta Coating Systems in the third quarter valued at approximately $37,000. First Horizon Advisors Inc. increased its position 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 purchasing an additional 266 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in shares of Axalta Coating Systems in the 3rd quarter valued at $41,000. Finally, Jones Financial Companies Lllp grew its stake in shares of Axalta Coating Systems by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 498 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup cut Axalta Coating Systems from a "buy" rating to a "neutral" rating and reduced their target price for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Mizuho decreased their target price on Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a "buy" rating on the stock in a 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 for the company in a research note on Friday, January 17th. Finally, Barclays raised their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research note on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Axalta Coating Systems has a consensus rating of "Moderate Buy" and a consensus price target of $43.08.

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Axalta Coating Systems Stock Performance

Shares of NYSE AXTA traded down $1.10 during trading on Thursday, reaching $33.08. The stock had a trading volume of 3,685,370 shares, compared to its average volume of 1,981,044. 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 cap of $7.22 billion, a PE ratio of 18.58, a P/E/G ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a one year low of $30.41 and a one year high of $41.65. The firm's 50 day moving average price is $35.96 and its two-hundred day moving average price is $36.58.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued 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. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The company had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.31 billion. During the same period in the prior year, the company earned $0.43 earnings per share. The firm's revenue was up 1.1% compared to the same quarter last year. On average, research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the 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 sale, the insider now directly owns 74,905 shares of the company's stock, valued at $2,814,180.85. This trade represents 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 at this link. 0.40% of the stock is currently owned by corporate insiders.

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.