Savant Capital LLC Grows Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Savant Capital LLC lifted its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,304 shares of the specialty chemicals company’s stock after buying an additional 1,885 shares during the period. Savant Capital LLC’s holdings in Axalta Coating Systems were worth $969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AXTA. Entropy Technologies LP boosted its stake in Axalta Coating Systems by 102.3% in the fourth quarter. Entropy Technologies LP now owns 11,739 shares of the specialty chemicals company’s stock valued at $402,000 after acquiring an additional 5,935 shares in the last quarter. Longboard Asset Management LP acquired a new stake in shares of Axalta Coating Systems in the 4th quarter worth $202,000. Optas LLC grew its stake in Axalta Coating Systems by 7.3% during the 4th quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company’s stock worth $206,000 after buying an additional 412 shares during the last quarter. R Squared Ltd acquired a new position in Axalta Coating Systems during the 4th quarter valued at about $181,000. Finally, KBC Group NV raised its stake in Axalta Coating Systems by 53.5% in the fourth quarter. KBC Group NV now owns 8,996 shares of the specialty chemicals company’s stock valued at $308,000 after buying an additional 3,137 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Analysts Set New Price Targets

AXTA has been the topic of a number of research analyst reports. Barclays boosted their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price target for the company in a report on Friday, January 17th. StockNews.com raised shares of Axalta Coating Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Evercore ISI assumed coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 target price for the company. Three analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Axalta Coating Systems has an average rating of “Buy” and a consensus price target of $43.08.

Insider Buying and Selling at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now directly owns 74,905 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Axalta Coating Systems Stock Performance

AXTA opened at $37.15 on Friday. The firm has a fifty day moving average price of $36.11 and a 200 day moving average price of $36.50. Axalta Coating Systems Ltd. has a 1 year low of $30.41 and a 1 year high of $41.65. The stock has a market cap of $8.10 billion, a P/E ratio of 20.87, a P/E/G ratio of 0.97 and a beta of 1.46. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.42.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The company’s revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

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.