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

Fox Run Management L.L.C. boosted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 71.3% in the 4th quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Axalta Coating Systems by 9.6% in the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock worth $387,439,000 after purchasing an additional 988,397 shares during the last quarter. State Street Corp boosted its position in Axalta Coating Systems by 0.7% in the third quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company’s stock valued at $246,923,000 after buying an additional 46,813 shares in the last quarter. Geode Capital Management LLC grew its stake in Axalta Coating Systems by 0.9% during the third 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 during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Axalta Coating Systems by 4.2% during the third quarter. Westfield Capital Management Co. LP now owns 2,096,790 shares of the specialty chemicals company’s stock worth $75,883,000 after buying an additional 84,594 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in shares of Axalta Coating Systems by 35.4% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,620,459 shares of the specialty chemicals company’s stock worth $55,452,000 after buying an additional 423,883 shares in the last quarter. 98.28% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AXTA shares. Mizuho decreased their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Barclays increased their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report 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 target 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 report on Friday, February 28th. Finally, 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 note on Thursday, December 19th. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.08.

Insiders Place Their Bets

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems 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 directly owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This trade 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 this hyperlink. Company insiders own 0.40% of the company’s stock.

Axalta Coating Systems Trading Down 0.6 %

AXTA opened at $33.84 on Monday. Axalta Coating Systems Ltd. has a fifty-two week low of $30.41 and a fifty-two week high of $41.66. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. 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 firm has a 50 day simple moving average of $35.98 and a 200 day simple moving average of $36.60.

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 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 company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share 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.