Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Cove Street Capital LLC

Cove Street Capital LLC cut its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTAFree Report) by 0.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 119,225 shares of the specialty chemicals company’s stock after selling 1,100 shares during the period. Cove Street Capital LLC’s holdings in Axalta Coating Systems were worth $3,213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. KB Financial Partners LLC acquired a new stake in shares of Axalta Coating Systems during the 1st quarter valued at approximately $25,000. Itau Unibanco Holding S.A. purchased a new stake in Axalta Coating Systems in the 2nd quarter worth about $28,000. Fifth Third Bancorp increased its position in Axalta Coating Systems by 140.6% in the 2nd quarter. Fifth Third Bancorp now owns 984 shares of the specialty chemicals company’s stock worth $32,000 after purchasing an additional 575 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Axalta Coating Systems by 53.0% during the 2nd quarter. Spire Wealth Management now owns 1,541 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 534 shares during the last quarter. Finally, CWM LLC boosted its stake in Axalta Coating Systems by 35.6% during the 3rd quarter. CWM LLC now owns 2,474 shares of the specialty chemicals company’s stock valued at $67,000 after purchasing an additional 649 shares during the period. 98.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company raised their price target on Axalta Coating Systems from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, January 9th. Royal Bank of Canada boosted their price target on Axalta Coating Systems from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. StockNews.com raised Axalta Coating Systems from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. UBS Group downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $35.00 to $36.00 in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. upped their target price on Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.42.

View Our Latest Stock Analysis on AXTA

Axalta Coating Systems Price Performance

Shares of NYSE AXTA traded up $0.15 during mid-day trading on Monday, reaching $31.48. The company’s stock had a trading volume of 2,363,717 shares, compared to its average volume of 2,148,946. The stock has a 50-day moving average of $32.99 and a two-hundred day moving average of $29.95. The stock has a market capitalization of $6.98 billion, a P/E ratio of 26.11, a P/E/G ratio of 1.52 and a beta of 1.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.46 and a current ratio of 1.98. Axalta Coating Systems Ltd. has a 1-year low of $25.03 and a 1-year high of $34.45.

Axalta Coating Systems (NYSE:AXTAGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Axalta Coating Systems had a net margin of 5.16% and a return on equity of 20.70%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities research analysts anticipate that Axalta Coating Systems Ltd. will post 1.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Anthony Massey sold 17,915 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $30.88, for a total value of $553,215.20. Following the transaction, the vice president now owns 19,420 shares in the company, valued at $599,689.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Axalta Coating Systems news, VP Anthony Massey sold 17,915 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $30.88, for a total value of $553,215.20. Following the sale, the vice president now directly owns 19,420 shares in the company, valued at $599,689.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brian A. Berube sold 7,500 shares of Axalta Coating Systems stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $31.19, for a total value of $233,925.00. Following the transaction, the senior vice president now directly owns 44,408 shares in the company, valued at approximately $1,385,085.52. The disclosure for this sale can be found here. Insiders have sold 35,915 shares of company stock worth $1,123,035 in the last three months. Corporate insiders own 0.40% of the company’s stock.

Axalta Coating Systems Company Profile

(Free Report)

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. It operates through two segments, Performance Coatings and Mobility Coatings. The company offers water and solvent-borne products and systems to repair damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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

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