TD Private Client Wealth LLC Grows Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

TD Private Client Wealth LLC boosted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 9.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,679 shares of the specialty chemicals company’s stock after acquiring an additional 591 shares during the quarter. TD Private Client Wealth LLC’s holdings in Axalta Coating Systems were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AXTA. Magnetar Financial LLC grew its holdings in Axalta Coating Systems by 4.9% in the 4th quarter. Magnetar Financial LLC now owns 88,377 shares of the specialty chemicals company’s stock worth $3,024,000 after acquiring an additional 4,131 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Axalta Coating Systems by 31.0% in the fourth quarter. Teacher Retirement System of Texas now owns 151,180 shares of the specialty chemicals company’s stock worth $5,173,000 after purchasing an additional 35,799 shares during the last quarter. Xponance Inc. increased its holdings in Axalta Coating Systems by 5.4% during the 4th quarter. Xponance Inc. now owns 24,953 shares of the specialty chemicals company’s stock valued at $854,000 after purchasing an additional 1,276 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Axalta Coating Systems by 6.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,471 shares of the specialty chemicals company’s stock valued at $735,000 after purchasing an additional 1,308 shares during the last quarter. Finally, Globeflex Capital L P lifted its holdings in Axalta Coating Systems by 51.2% in the 4th quarter. Globeflex Capital L P now owns 29,522 shares of the specialty chemicals company’s stock worth $1,010,000 after buying an additional 10,000 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Stock Down 1.5 %

Shares of NYSE:AXTA opened at $34.20 on Wednesday. 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 stock has a fifty day simple moving average of $35.98 and a two-hundred day simple moving average of $36.60. Axalta Coating Systems Ltd. has a 12-month low of $30.41 and a 12-month high of $41.66. The stock has a market capitalization of $7.46 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 0.92 and a beta of 1.45.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results 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 return on equity of 26.29% and a net margin of 7.41%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. Axalta Coating Systems’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, December 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 report on Friday, January 17th. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Finally, Citigroup downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $45.00 to $41.00 in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Axalta Coating Systems currently has a consensus rating of “Moderate Buy” and an average price target of $43.08.

Insider Activity

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

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.