Aristotle Capital Boston LLC Purchases Shares of 555,240 Axalta Coating Systems Ltd. (NYSE:AXTA)

Aristotle Capital Boston LLC bought a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 555,240 shares of the specialty chemicals company's stock, valued at approximately $19,000,000. Aristotle Capital Boston LLC owned 0.25% of Axalta Coating Systems as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Eagle Bay Advisors LLC boosted its stake in shares of Axalta Coating Systems by 116.3% in the fourth 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 last quarter. Jones Financial Companies Lllp grew its holdings in shares of 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 worth $45,000 after buying an additional 498 shares in the last quarter. UMB Bank n.a. raised its position in shares of Axalta Coating Systems by 35.4% in the fourth 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 last quarter. Plato Investment Management Ltd lifted its stake in shares of Axalta Coating Systems by 156.4% in the fourth 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 grew its stake in 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 acquiring an additional 617 shares in the last quarter. Hedge funds and other institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Price Performance

AXTA traded up $0.11 during trading on Monday, reaching $33.27. 2,501,604 shares of the stock were exchanged, compared to its average volume of 1,983,765. Axalta Coating Systems Ltd. has a 1 year low of $27.70 and a 1 year high of $41.66. The company has a market capitalization of $7.27 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 0.92 and a beta of 1.35. The business's 50 day moving average price is $32.79 and its two-hundred day moving average price is $35.65. 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 (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.09. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. 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 firm earned $0.43 earnings per share. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AXTA shares. StockNews.com lowered Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Barclays upped 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 note on Wednesday, February 5th. Wolfe Research raised shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target for the company in a research report on Friday, January 17th. Citigroup dropped their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Mizuho set a $37.00 price objective on Axalta Coating Systems in a research note on Tuesday, April 15th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Axalta Coating Systems presently has an average rating of "Moderate Buy" and an average target price of $41.36.

Insider Activity

In related news, insider Troy D. Weaver sold 10,457 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 74,905 shares in the company, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.40% of the company's stock.

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.