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Leeward Investments LLC MA grew its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 21.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,102,692 shares of the specialty chemicals company's stock after acquiring an additional 191,528 shares during the period. Axalta Coating Systems comprises 1.5% of Leeward Investments LLC MA's portfolio, making the stock its 7th largest position. Leeward Investments LLC MA owned 0.50% of Axalta Coating Systems worth $29,662,000 at the end of the most recent quarter. Antirust Pigment
Other hedge funds and other institutional investors have also recently modified their holdings of the company. KB Financial Partners LLC bought a new position in shares of Axalta Coating Systems during the first quarter valued at about $25,000. Itau Unibanco Holding S.A. bought a new position in Axalta Coating Systems in the second quarter worth about $28,000. Spire Wealth Management raised its stake in Axalta Coating Systems by 432.8% in the first quarter. Spire Wealth Management now owns 1,007 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 818 shares in the last quarter. Fifth Third Bancorp raised its stake in Axalta Coating Systems by 140.6% in the second quarter. Fifth Third Bancorp now owns 984 shares of the specialty chemicals company's stock worth $32,000 after buying an additional 575 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in Axalta Coating Systems by 14,961.1% in the first quarter. Bessemer Group Inc. now owns 2,711 shares of the specialty chemicals company's stock worth $83,000 after buying an additional 2,693 shares in the last quarter. 98.64% of the stock is owned by institutional investors. Insider Activity
In other news, VP Anthony Massey sold 17,915 shares of the firm's stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $30.88, for a total value of $553,215.20. Following the completion of the sale, the vice president now directly owns 19,420 shares of the company's stock, valued at approximately $599,689.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Brian A. Berube sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $31.19, for a total transaction of $233,925.00. Following the completion of the sale, the senior vice president now directly owns 44,408 shares of the company's stock, valued at approximately $1,385,085.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Anthony Massey sold 17,915 shares of the firm's stock in a transaction that occurred on Tuesday, November 14th. The stock was 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 of the company's stock, valued at $599,689.60. The disclosure for this sale can be found here. Insiders sold 40,915 shares of company stock valued at $1,271,885 in the last ninety days. Insiders own 0.40% of the company's stock. Axalta Coating Systems Trading Up 0.5 %
NYSE:AXTA opened at $33.85 on Monday. The company's 50 day moving average price is $29.52 and its 200-day moving average price is $29.73. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 1.68 and a beta of 1.46. Axalta Coating Systems Ltd. has a 52 week low of $24.86 and a 52 week high of $34.06. The company has a quick ratio of 1.50, a current ratio of 2.05 and a debt-to-equity ratio of 2.13.
Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results on Wednesday, November 1st. The specialty chemicals company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.07. Axalta Coating Systems had a return on equity of 20.98% and a net margin of 4.64%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The firm's revenue was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that Axalta Coating Systems Ltd. will post 1.58 earnings per share for the current fiscal year. Analyst Ratings Changes
AXTA has been the subject of a number of research reports. Royal Bank of Canada increased their price target on shares of Axalta Coating Systems from $34.00 to $36.00 and gave the stock an "outperform" rating in a research note on Friday, November 3rd. Citigroup decreased their price target on shares of Axalta Coating Systems from $35.00 to $33.00 and set a "buy" rating for the company in a research note on Wednesday, October 4th. Finally, StockNews.com raised shares of Axalta Coating Systems from a "hold" rating to a "buy" rating in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Axalta Coating Systems has an average rating of "Moderate Buy" and a consensus price target of $34.29.
View Our Latest Stock Report on AXTAAbout Axalta Coating Systems (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.Featured StoriesFive stocks we like better than Axalta Coating SystemsWhat is a Special Dividend?Semiconductor stocks soar on federal funding, hope for rate cutsCrypto vs Stocks: How to Choose Your InvestmentsNu Holdings is the backdoor play on the BRIC's economyWhat is the NASDAQ Stock Exchange?Generac can heat up your portfolio this winter
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