Y Intercept Hong Kong Ltd Acquires 40,070 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Y Intercept Hong Kong Ltd raised its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA) by 89.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,639 shares of the specialty chemicals company’s stock after buying an additional 40,070 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Axalta Coating Systems were worth $2,896,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Planning lifted its position in shares of Axalta Coating Systems by 33.9% during the 3rd quarter. Creative Planning now owns 11,449 shares of the specialty chemicals company’s stock valued at $414,000 after acquiring an additional 2,898 shares during the period. Raymond James & Associates increased its stake in Axalta Coating Systems by 48.3% in the third quarter. Raymond James & Associates now owns 168,187 shares of the specialty chemicals company’s stock valued at $6,087,000 after purchasing an additional 54,746 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Axalta Coating Systems by 14.1% during the third quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock valued at $130,000 after purchasing an additional 444 shares during the period. Ballentine Partners LLC bought a new position in shares of Axalta Coating Systems during the 3rd quarter worth about $341,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Axalta Coating Systems by 41.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 19,308 shares of the specialty chemicals company’s stock valued at $699,000 after buying an additional 5,667 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. StockNews.com downgraded Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. BMO Capital Markets upped their target price on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and reduced their price target for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. Barclays upped their price objective 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. Finally, Mizuho reduced their price objective on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Axalta Coating Systems currently has an average rating of “Moderate Buy” and a consensus price target of $43.08.

Axalta Coating Systems Stock Up 0.9 %

Shares of NYSE:AXTA opened at $36.35 on Tuesday. Axalta Coating Systems Ltd. has a 1 year low of $30.41 and a 1 year high of $41.65. The company has a market capitalization of $7.93 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.46. The business has a fifty day moving average price of $35.81 and a two-hundred day moving average price of $36.63. 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) last posted its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. Axalta Coating Systems’s revenue was up 1.1% on a year-over-year basis. Analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Insider Buying and Selling at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction dated 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 owns 74,905 shares in the company, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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.