Global Retirement Partners LLC Raises Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Global Retirement Partners LLC increased its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 31.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,384 shares of the specialty chemicals company’s stock after buying an additional 2,252 shares during the period. Global Retirement Partners LLC’s holdings in Axalta Coating Systems were worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC raised its position 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 worth $132,823,000 after acquiring an additional 31,894 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Axalta Coating Systems by 68.4% in the third quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock worth $1,310,000 after purchasing an additional 14,704 shares in the last quarter. Oak Thistle LLC raised its holdings in Axalta Coating Systems by 434.3% in the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after purchasing an additional 32,135 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of Axalta Coating Systems by 5.8% during the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock valued at $16,135,000 after buying an additional 24,402 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Axalta Coating Systems by 85.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 438,290 shares of the specialty chemicals company’s stock valued at $15,862,000 after buying an additional 201,766 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Insider Transactions at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the completion of the transaction, the insider now directly owns 74,905 shares in the company, valued at $2,814,180.85. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.40% of the company’s stock.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $36.35 on Tuesday. The company has a 50 day simple moving average of $35.81 and a two-hundred day simple moving average of $36.63. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 0.94 and a beta of 1.46. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a 12 month low of $30.41 and a 12 month high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. As a group, analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on AXTA. BMO Capital Markets boosted their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. StockNews.com lowered Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Evercore ISI assumed coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 target price on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Finally, Mizuho dropped their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Axalta Coating Systems currently has an average rating of “Moderate Buy” and an average price target of $43.08.

Axalta Coating Systems 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.