London Co. of Virginia Sells 17,655 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

London Co. of Virginia trimmed its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,366,506 shares of the specialty chemicals company's stock after selling 17,655 shares during the quarter. London Co. of Virginia owned approximately 0.63% of Axalta Coating Systems worth $46,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AXTA. Eagle Bay Advisors LLC grew its position in shares of 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 buying an additional 443 shares during the last quarter. Jones Financial Companies Lllp raised its stake 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 buying an additional 498 shares during the last quarter. UMB Bank n.a. raised its stake 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 worth $72,000 after purchasing an additional 547 shares during the last quarter. Plato Investment Management Ltd raised 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 purchasing an additional 1,365 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake 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 purchasing an additional 617 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Trading Up 0.8%

AXTA stock traded up $0.27 during midday trading on Friday, reaching $32.65. 2,077,117 shares of the company traded hands, compared to its average volume of 2,024,434. Axalta Coating Systems Ltd. has a 52-week low of $27.70 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 business has a 50 day moving average of $32.31 and a 200-day moving average of $35.46. The firm has a market capitalization of $7.14 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 0.92 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business posted $0.48 earnings per share. The company's revenue for the quarter was down 2.5% on a year-over-year basis. As a group, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AXTA. Mizuho set a $37.00 price objective on Axalta Coating Systems in a research report on Tuesday, April 15th. The Goldman Sachs Group dropped their price objective on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday. Wolfe Research raised 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 note on Friday, January 17th. Morgan Stanley dropped their price objective on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Finally, Barclays dropped their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an "overweight" rating for the company in a research note on Thursday. Six research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.38.

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.