Baldwin Investment Management LLC acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 20,531 shares of the specialty chemicals company's stock, valued at approximately $703,000.
Other large investors have also recently made changes to their positions in the company. Bayesian Capital Management LP purchased a new position in Axalta Coating Systems during the fourth quarter valued at approximately $1,098,000. Algert Global LLC increased its holdings in shares of Axalta Coating Systems by 19.5% in the fourth quarter. Algert Global LLC now owns 181,153 shares of the specialty chemicals company's stock worth $6,199,000 after purchasing an additional 29,498 shares during the period. Aristotle Capital Boston LLC bought a new stake in Axalta Coating Systems during the fourth quarter valued at $19,000,000. AXA S.A. grew its position in Axalta Coating Systems by 21.5% during the fourth quarter. AXA S.A. now owns 207,300 shares of the specialty chemicals company's stock worth $7,094,000 after buying an additional 36,676 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in Axalta Coating Systems by 3.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 13,691 shares of the specialty chemicals company's stock worth $469,000 after acquiring an additional 431 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction on Monday, February 10th. The stock was 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 in the company, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.40% of the company's stock.
Axalta Coating Systems Stock Performance
AXTA stock traded down $0.43 during trading on Thursday, hitting $31.26. The company had a trading volume of 4,995,792 shares, compared to its average volume of 2,003,898. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.66. The firm has a 50-day moving average price of $32.64 and a 200-day moving average price of $35.61. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The firm has a market cap of $6.83 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.05. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. During the same quarter in the prior year, the firm posted $0.48 EPS. The company's revenue was down 2.5% compared to the same quarter last year. On average, analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. Mizuho set a $37.00 price target on Axalta Coating Systems in a research note on Tuesday, April 15th. Citigroup decreased their price objective on Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. BNP Paribas upgraded shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 target price on the stock in a report on Thursday, April 10th. StockNews.com downgraded Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Finally, 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 note on Wednesday, February 5th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $40.60.
Check Out Our Latest Stock Report on Axalta Coating Systems
Axalta Coating Systems Company Profile
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Free Report)
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.
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