Ellevest Inc. Sells 346 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Ellevest Inc. lowered its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 5.0% during the 4th quarter, HoldingsChannel reports. The firm owned 6,597 shares of the specialty chemicals company’s stock after selling 346 shares during the period. Ellevest Inc.’s holdings in Axalta Coating Systems were worth $226,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC boosted its stake 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 boosted its position in Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 498 shares during the last quarter. UMB Bank n.a. boosted its position in 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 grew its stake in shares of Axalta Coating Systems by 156.4% during the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock valued at $77,000 after purchasing an additional 1,365 shares during the period. Finally, Venturi Wealth Management LLC increased its position in shares of 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 purchasing an additional 617 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Trading Down 0.6 %

Shares of Axalta Coating Systems stock opened at $31.08 on Friday. Axalta Coating Systems Ltd. has a twelve month low of $27.70 and a twelve month high of $41.66. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The business has a 50-day moving average price of $32.50 and a 200-day moving average price of $35.55. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 0.92 and a beta of 1.35.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on AXTA. JPMorgan Chase & Co. lowered shares of Axalta Coating Systems from an “overweight” rating to a “neutral” rating and cut their target price for the company from $42.00 to $32.00 in a research report on Thursday. StockNews.com downgraded shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup decreased their target price on Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley lowered their target price on Axalta Coating Systems from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Mizuho set a $37.00 price target on Axalta Coating Systems in a research report on Tuesday, April 15th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Axalta Coating Systems currently has an average rating of “Moderate Buy” and an average price target of $40.60.

Insider Activity at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.40% of the stock is owned by insiders.

Axalta Coating Systems Company 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.