Landscape Capital Management L.L.C. Purchases New Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Landscape Capital Management L.L.C. acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 27,487 shares of the specialty chemicals company’s stock, valued at approximately $941,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC raised its stake 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 valued at $28,000 after buying an additional 443 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Axalta Coating Systems by 60.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 498 shares during the last quarter. UMB Bank n.a. boosted its holdings in Axalta Coating Systems by 35.4% in the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock worth $72,000 after purchasing an additional 547 shares during the period. Plato Investment Management Ltd raised its holdings in shares of Axalta Coating Systems by 156.4% during the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock worth $77,000 after purchasing an additional 1,365 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Axalta Coating Systems by 31.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company’s stock valued at $88,000 after buying an additional 617 shares during the period. Institutional investors own 98.28% of the company’s stock.

Insider Transactions at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction 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 approximately $2,814,180.85. This represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $29.73 on Friday. Axalta Coating Systems Ltd. has a 52 week low of $28.95 and a 52 week high of $41.66. 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 company’s 50-day moving average price is $35.41 and its two-hundred day moving average price is $36.47. The stock has a market cap of $6.49 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33.

Axalta Coating Systems (NYSE:AXTA) last released its 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. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.43 EPS. As a group, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AXTA. Deutsche Bank Aktiengesellschaft dropped their price target on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. StockNews.com cut shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Barclays raised their price target 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. Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a report on Friday, January 17th. Finally, Mizuho cut their target price 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. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

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.