Xponance Inc. Has $854,000 Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Xponance Inc. increased its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,953 shares of the specialty chemicals company’s stock after purchasing an additional 1,276 shares during the period. Xponance Inc.’s holdings in Axalta Coating Systems were worth $854,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AXTA. First Horizon Advisors Inc. boosted its holdings in Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 266 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Axalta Coating Systems by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company’s stock worth $820,000 after acquiring an additional 323 shares during the last quarter. Principal Securities Inc. grew its holdings in Axalta Coating Systems by 5.5% during the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock valued at $218,000 after purchasing an additional 332 shares during the period. CIBC Asset Management Inc increased its stake in Axalta Coating Systems by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company’s stock valued at $231,000 after purchasing an additional 334 shares in the last quarter. Finally, Optas LLC raised its holdings in Axalta Coating Systems by 7.3% in the fourth quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company’s stock worth $206,000 after purchasing an additional 412 shares during the period. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Up 2.9 %

Shares of NYSE:AXTA opened at $34.78 on Tuesday. The stock has a market capitalization of $7.59 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The company’s 50-day moving average price is $35.99 and its two-hundred day moving average price is $36.60. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems Ltd. has a one year low of $30.41 and a one year high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, equities analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Wolfe Research upgraded 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. Barclays raised their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Citigroup cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $41.00 in a research note on Wednesday, December 18th. Finally, 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. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.08.

Insider Activity at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems 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 transaction, the insider now owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is owned by company insiders.

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.