Leeward Investments LLC MA Has $17.01 Million Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Leeward Investments LLC MA lowered its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 5.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 496,968 shares of the specialty chemicals company’s stock after selling 27,820 shares during the quarter. Leeward Investments LLC MA’s holdings in Axalta Coating Systems were worth $17,006,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AXTA. Creative Planning grew its position in Axalta Coating Systems by 33.9% in the 3rd quarter. Creative Planning now owns 11,449 shares of the specialty chemicals company’s stock valued at $414,000 after purchasing an additional 2,898 shares during the period. Raymond James & Associates grew its position in Axalta Coating Systems by 48.3% in the 3rd quarter. Raymond James & Associates now owns 168,187 shares of the specialty chemicals company’s stock valued at $6,087,000 after purchasing an additional 54,746 shares during the period. Signaturefd LLC grew its position in Axalta Coating Systems by 14.1% in the 3rd quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock valued at $130,000 after purchasing an additional 444 shares during the period. Ballentine Partners LLC purchased a new position in Axalta Coating Systems during the 3rd quarter worth $341,000. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Axalta Coating Systems by 41.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,308 shares of the specialty chemicals company’s stock worth $699,000 after acquiring an additional 5,667 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Insider Activity at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have issued reports on AXTA. StockNews.com downgraded shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft cut their price objective 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. Royal Bank of Canada lifted their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Barclays lifted their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Three 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $43.08.

Axalta Coating Systems Trading Down 3.0 %

NYSE AXTA opened at $36.02 on Friday. The stock 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 one year low of $30.41 and a one year high of $41.65. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The business’s fifty day moving average is $35.84 and its 200-day moving average is $36.59.

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

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.