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

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC grew its position in Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 443 shares during the period. True Wealth Design LLC purchased a new position in shares of Axalta Coating Systems during the 3rd quarter worth $37,000. First Horizon Advisors Inc. grew its position in shares of Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 266 shares during the period. Millburn Ridgefield Corp purchased a new stake in shares of Axalta Coating Systems in the 3rd quarter worth $41,000. Finally, Jones Financial Companies Lllp raised its holdings in Axalta Coating Systems by 60.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 498 shares during the period. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $34.20 on Wednesday. The company has a market cap of $7.46 billion, a P/E ratio of 19.21, a P/E/G ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a 52-week low of $30.41 and a 52-week high of $41.66. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The firm’s fifty day moving average is $35.98 and its two-hundred day moving average is $36.60.

Axalta Coating Systems (NYSE:AXTA) last issued its 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 for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue was up 1.1% compared to the same quarter last year. As a group, analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Insider Transactions at Axalta Coating Systems

In other Axalta Coating Systems 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 value of $392,869.49. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut their price target on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Barclays increased their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their price target for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Finally, Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research report on Friday, January 17th. Three investment 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. According to data from MarketBeat, Axalta Coating Systems has an average rating of “Moderate Buy” and a consensus target price of $43.08.

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.