Landscape Capital Management L.L.C. Invests $941,000 in Axalta Coating Systems Ltd. (NYSE:AXTA)

Landscape Capital Management L.L.C. purchased a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,487 shares of the specialty chemicals company’s stock, valued at approximately $941,000.

Several other large investors have also recently bought and sold shares of AXTA. Eagle Bay Advisors LLC boosted its position in Axalta Coating Systems by 116.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock worth $28,000 after acquiring an additional 443 shares during the period. Jones Financial Companies Lllp grew its position in Axalta Coating Systems by 60.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 498 shares in the last quarter. UMB Bank n.a. increased its stake in Axalta Coating Systems by 35.4% in the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock valued at $72,000 after buying an additional 547 shares during the period. Plato Investment Management Ltd lifted its position in Axalta Coating Systems by 156.4% in the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock worth $77,000 after buying an additional 1,365 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of Axalta Coating Systems by 31.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company’s stock valued at $88,000 after buying an additional 617 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Performance

NYSE:AXTA opened at $29.73 on Friday. The firm has a market capitalization of $6.49 billion, a PE ratio of 16.70, a PEG ratio of 0.92 and a beta of 1.33. 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 Ltd. has a 1 year low of $28.95 and a 1 year high of $41.66. The firm’s fifty day simple moving average is $35.41 and its 200 day simple moving average is $36.47.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping 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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter 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 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wolfe Research upgraded 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. Wells Fargo & Company cut their price target on Axalta Coating Systems from $45.00 to $42.00 and set an “equal weight” rating for the company in a research note on Thursday. Mizuho lowered their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. 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, Barclays boosted their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems currently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Insider Transactions at Axalta Coating Systems

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

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.