Axalta Coating Systems Ltd (AXTA) Stake Lowered by Madison Investment Holdings Inc.

Madison Investment Holdings Inc. reduced its stake in Axalta Coating Systems Ltd (NYSE:AXTA) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,365,814 shares of the specialty chemicals company’s stock after selling 48,500 shares during the quarter. Madison Investment Holdings Inc. owned 0.56% of Axalta Coating Systems worth $44,198,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Artisan Partners Limited Partnership purchased a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at approximately $94,884,000. Davis Selected Advisers increased its position in shares of Axalta Coating Systems by 30.1% in the 3rd quarter. Davis Selected Advisers now owns 9,402,305 shares of the specialty chemicals company’s stock valued at $271,921,000 after purchasing an additional 2,173,915 shares during the last quarter. Confluence Investment Management LLC increased its position in shares of Axalta Coating Systems by 146.1% in the 4th quarter. Confluence Investment Management LLC now owns 2,294,824 shares of the specialty chemicals company’s stock valued at $74,261,000 after purchasing an additional 1,362,163 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Axalta Coating Systems by 75.1% in the 4th quarter. Wells Fargo & Company MN now owns 3,146,214 shares of the specialty chemicals company’s stock valued at $101,811,000 after purchasing an additional 1,349,093 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Axalta Coating Systems by 19.9% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,980,498 shares of the specialty chemicals company’s stock valued at $225,889,000 after purchasing an additional 1,156,400 shares during the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.

AXTA has been the subject of a number of recent research reports. Credit Suisse Group increased their price target on shares of Axalta Coating Systems from $33.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, November 6th. Zacks Investment Research cut shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Raymond James Financial initiated coverage on shares of Axalta Coating Systems in a research note on Tuesday, December 19th. They set a “market perform” rating for the company. Royal Bank of Canada reiterated a “buy” rating and set a $35.00 price target on shares of Axalta Coating Systems in a research note on Thursday, February 8th. Finally, UBS Group reduced their target price on shares of Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Axalta Coating Systems presently has a consensus rating of “Hold” and an average price target of $33.50.

Axalta Coating Systems Ltd (NYSE:AXTA) opened at $31.29 on Thursday. The firm has a market cap of $7,620.00, a P/E ratio of 51.30, a price-to-earnings-growth ratio of 1.68 and a beta of 1.38. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.50 and a current ratio of 2.11. Axalta Coating Systems Ltd has a 12-month low of $27.77 and a 12-month high of $38.20.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. Axalta Coating Systems had a net margin of 0.84% and a return on equity of 20.93%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company posted ($0.16) earnings per share. The business’s revenue for the quarter was up 13.5% compared to the same quarter last year. equities research analysts predict that Axalta Coating Systems Ltd will post 1.34 EPS for the current year.

In other Axalta Coating Systems news, CEO Charles W. Shaver sold 235,810 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $30.58, for a total transaction of $7,211,069.80. Following the completion of the sale, the chief executive officer now owns 522,752 shares in the company, valued at $15,985,756.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven R. Markevich sold 3,125 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $30.58, for a total transaction of $95,562.50. Following the sale, the executive vice president now owns 199,628 shares of the company’s stock, valued at approximately $6,104,624.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 473,902 shares of company stock valued at $14,498,467. Insiders own 2.30% of the company’s stock.

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Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

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Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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