Guggenheim Capital LLC Cuts Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Guggenheim Capital LLC trimmed its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 17.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,536 shares of the specialty chemicals company’s stock after selling 1,625 shares during the quarter. Guggenheim Capital LLC’s holdings in Axalta Coating Systems were worth $258,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC grew its position in Axalta Coating Systems by 434.3% during the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock valued at $1,353,000 after purchasing an additional 32,135 shares during the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Axalta Coating Systems by 5.8% during the 3rd quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock valued at $16,135,000 after acquiring an additional 24,402 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Axalta Coating Systems by 57.8% during the 4th quarter. American Century Companies Inc. now owns 356,017 shares of the specialty chemicals company’s stock valued at $12,183,000 after acquiring an additional 130,427 shares during the last quarter. Principal Securities Inc. boosted its holdings in shares of Axalta Coating Systems by 5.5% during the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock valued at $218,000 after acquiring an additional 332 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Axalta Coating Systems by 50.4% during the 3rd quarter. Barclays PLC now owns 154,483 shares of the specialty chemicals company’s stock valued at $5,589,000 after acquiring an additional 51,748 shares during the last quarter. 98.28% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 74,905 shares in the company, valued at $2,814,180.85. This represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.40% of the stock is owned by company insiders.

Axalta Coating Systems Stock Down 0.2 %

Shares of NYSE AXTA opened at $31.77 on Tuesday. 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 firm has a market capitalization of $6.94 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 0.92 and a beta of 1.33. The stock has a 50 day moving average price of $33.18 and a 200 day moving average price of $35.79. Axalta Coating Systems Ltd. has a 52-week low of $27.70 and a 52-week high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. Axalta Coating Systems’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. Sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analysts Set New Price Targets

AXTA has been the topic of a number of recent analyst reports. Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a report on Friday, January 17th. Citigroup decreased their price objective on shares of Axalta Coating Systems from $42.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Mizuho set a $37.00 price objective on Axalta Coating Systems in a research report on Tuesday, April 15th. BNP Paribas upgraded Axalta Coating Systems from a “neutral” rating to an “outperform” rating and set a $38.00 price objective on the stock in a research report on Thursday, April 10th. Finally, Barclays lifted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.