Fox Run Management L.L.C. Has $700,000 Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Fox Run Management L.L.C. increased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 71.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,464 shares of the specialty chemicals company’s stock after purchasing an additional 8,519 shares during the quarter. Fox Run Management L.L.C.’s holdings in Axalta Coating Systems were worth $700,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AXTA. Geode Capital Management LLC lifted its position in 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 buying an additional 31,894 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Axalta Coating Systems by 68.4% during 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 acquiring an additional 14,704 shares in the last quarter. Oak Thistle LLC boosted its position in Axalta Coating Systems by 434.3% during the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock valued at $1,353,000 after purchasing an additional 32,135 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in Axalta Coating Systems by 5.8% in 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 purchasing an additional 24,402 shares in the last quarter. Finally, Principal Securities Inc. increased its position in Axalta Coating Systems by 5.5% in the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock worth $218,000 after purchasing an additional 332 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Axalta Coating Systems Price Performance

NYSE AXTA opened at $33.84 on Monday. The stock has a market capitalization of $7.38 billion, a PE ratio of 19.01, a P/E/G ratio of 0.92 and a beta of 1.45. The stock has a 50-day simple moving average of $35.98 and a 200 day simple moving average of $36.60. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. Axalta Coating Systems Ltd. has a twelve month low of $30.41 and a twelve month high of $41.66.

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, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the company posted $0.43 earnings per share. Axalta Coating Systems’s quarterly revenue was up 1.1% on a year-over-year basis. Research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Insider Transactions at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction dated 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 owns 74,905 shares in the company, valued at approximately $2,814,180.85. This trade 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 accessible through this hyperlink. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AXTA. Citigroup cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their price target for the company from $45.00 to $41.00 in a research note on Wednesday, December 18th. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Barclays lifted their price objective 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. Deutsche Bank Aktiengesellschaft lowered their target price on shares of 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. Finally, Mizuho reduced their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.