Venturi Wealth Management LLC Increases Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Venturi Wealth Management LLC grew its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 31.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,581 shares of the specialty chemicals company’s stock after acquiring an additional 617 shares during the quarter. Venturi Wealth Management LLC’s holdings in Axalta Coating Systems were worth $88,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Eagle Bay Advisors LLC lifted its holdings in Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 443 shares during the period. First Horizon Advisors Inc. boosted its holdings 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 buying an additional 266 shares during the last quarter. True Wealth Design LLC bought a new position in Axalta Coating Systems during the third quarter valued at about $37,000. Millburn Ridgefield Corp purchased a new stake in Axalta Coating Systems during the third quarter worth about $41,000. Finally, Capital Performance Advisors LLP bought a new stake in Axalta Coating Systems in the third quarter worth about $54,000. Institutional investors own 98.28% of the company’s stock.

Wall Street Analyst Weigh In

AXTA has been the subject of several research analyst reports. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Barclays upped their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. StockNews.com downgraded shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research note on Friday, January 17th. Finally, Royal Bank of Canada lifted their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.08.

Axalta Coating Systems Stock Down 3.0 %

Shares of NYSE AXTA opened at $36.02 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The business has a 50-day moving average of $35.84 and a 200-day moving average of $36.61. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 0.94 and a beta of 1.46. 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 released its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS 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 business had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company earned $0.43 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems 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 sale, the insider now directly owns 74,905 shares of the company’s stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. 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 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.