Boothbay Fund Management LLC Takes $436,000 Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Boothbay Fund Management LLC acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 12,751 shares of the specialty chemicals company's stock, valued at approximately $436,000.

Several other institutional investors and hedge funds have also modified their holdings of AXTA. Eagle Bay Advisors LLC boosted its position in Axalta Coating Systems by 116.3% in the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 443 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings 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 worth $45,000 after buying an additional 498 shares in the last quarter. UMB Bank n.a. grew its position in Axalta Coating Systems by 35.4% during 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 period. Plato Investment Management Ltd increased its holdings in 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 valued at $77,000 after buying an additional 1,365 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Axalta Coating Systems by 31.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock worth $88,000 after acquiring an additional 617 shares during the period. Institutional investors and hedge funds own 98.28% of the company's stock.

Axalta Coating Systems Stock Up 0.3 %

NYSE AXTA traded up $0.11 on Monday, hitting $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 fifty-two week low of $27.70 and a fifty-two week high of $41.66. The company has a 50-day moving average price of $32.85 and a 200-day moving average price of $35.67. The company has a market cap of $7.27 billion, a PE ratio of 18.69, a PEG ratio of 0.92 and a beta of 1.35. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last released its quarterly earnings data 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. The business 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 EPS. Sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Insider Transactions at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the business's 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 sale, the insider now directly owns 74,905 shares of the company's stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.40% of the company's stock.

Analysts Set New Price Targets

AXTA has been the subject of a number of analyst reports. BNP Paribas raised Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target for the company in a report on Thursday, April 10th. Citigroup reduced their target price on 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. Wells Fargo & Company dropped their price target on shares of Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Wolfe Research upgraded shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price objective for the company in a research report on Friday, January 17th. Finally, 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. Three analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $41.36.

About Axalta Coating Systems

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.