Dana Investment Advisors Inc. Lowers Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Dana Investment Advisors Inc. reduced its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,934 shares of the specialty chemicals company’s stock after selling 751 shares during the period. Dana Investment Advisors Inc.’s holdings in Axalta Coating Systems were worth $751,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Axalta Coating Systems by 0.9% during the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after buying an additional 31,894 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of Axalta Coating Systems by 68.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock worth $1,310,000 after buying an additional 14,704 shares during the period. Oak Thistle LLC boosted its position in shares of Axalta Coating Systems by 434.3% during the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after buying an additional 32,135 shares during the period. Lord Abbett & CO. LLC boosted its position in shares of Axalta Coating Systems by 5.8% during the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock worth $16,135,000 after buying an additional 24,402 shares during the period. Finally, Sasco Capital Inc. CT raised its stake in shares of Axalta Coating Systems by 5.8% in the third quarter. Sasco Capital Inc. CT now owns 501,530 shares of the specialty chemicals company’s stock valued at $18,150,000 after acquiring an additional 27,420 shares in the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Axalta Coating Systems Stock Down 1.3 %

Axalta Coating Systems stock opened at $34.97 on Friday. Axalta Coating Systems Ltd. has a 1-year low of $30.41 and a 1-year high of $41.65. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The stock has a market cap of $7.63 billion, a PE ratio of 19.64, a P/E/G ratio of 0.92 and a beta of 1.45. The stock’s fifty day moving average is $35.98 and its two-hundred day moving average is $36.70.

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

Insider Transactions at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the sale, the insider now owns 74,905 shares in the company, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on AXTA. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research note on Friday, January 17th. BMO Capital Markets increased their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. Barclays increased their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Finally, Evercore ISI began coverage on Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong 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 $43.08.

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.