Locust Wood Capital Advisers LLC Has $116.10 Million Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Locust Wood Capital Advisers LLC reduced its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,392,644 shares of the specialty chemicals company’s stock after selling 649,135 shares during the quarter. Axalta Coating Systems comprises 4.0% of Locust Wood Capital Advisers LLC’s portfolio, making the stock its 10th largest holding. Locust Wood Capital Advisers LLC owned about 1.56% of Axalta Coating Systems worth $116,096,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Captrust Financial Advisors lifted its stake in Axalta Coating Systems by 12.9% during the third quarter. Captrust Financial Advisors now owns 18,940 shares of the specialty chemicals company’s stock worth $685,000 after purchasing an additional 2,165 shares during the period. State Street Corp lifted its position in Axalta Coating Systems by 0.7% during the 3rd quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company’s stock worth $246,923,000 after buying an additional 46,813 shares in the last quarter. XTX Topco Ltd raised its holdings in shares of Axalta Coating Systems by 326.3% in the 3rd quarter. XTX Topco Ltd now owns 27,895 shares of the specialty chemicals company’s stock valued at $1,010,000 after purchasing an additional 21,352 shares during the period. MML Investors Services LLC grew its stake in Axalta Coating Systems by 8.7% in the 3rd quarter. MML Investors Services LLC now owns 67,897 shares of the specialty chemicals company’s stock valued at $2,457,000 after buying an additional 5,425 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Axalta Coating Systems by 2.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 86,171 shares of the specialty chemicals company’s stock worth $3,119,000 after purchasing an additional 2,198 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

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 transaction of $392,869.49. Following the transaction, the insider now owns 74,905 shares in the company, 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 legal filing with the SEC, which is available at this link. Insiders own 0.40% of the company’s stock.

Axalta Coating Systems Trading Up 11.6 %

NYSE:AXTA opened at $31.80 on Thursday. Axalta Coating Systems Ltd. has a 12 month low of $27.70 and a 12 month high of $41.66. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 0.92 and a beta of 1.33. The company has a 50-day moving average price of $34.73 and a 200-day moving average price of $36.25. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating 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 analyst estimates of $1.31 billion. During the same period last year, the business earned $0.43 EPS. Axalta Coating Systems’s revenue was up 1.1% compared to the same quarter last year. Equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Axalta Coating Systems from $42.00 to $37.00 and set an “overweight” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a 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 objective for the company in a report on Friday, January 17th. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Finally, Citigroup lowered their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned 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 target price of $41.92.

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.