Axalta Coating Systems Ltd (AXTA) Holdings Trimmed by Shapiro Capital Management LLC

Shapiro Capital Management LLC trimmed its position in shares of Axalta Coating Systems Ltd (NYSE:AXTA) by 0.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,215,218 shares of the specialty chemicals company’s stock after selling 39,055 shares during the quarter. Axalta Coating Systems accounts for approximately 5.3% of Shapiro Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Shapiro Capital Management LLC’s holdings in Axalta Coating Systems were worth $192,400,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of AXTA. We Are One Seven LLC bought a new stake in Axalta Coating Systems during the fourth quarter worth about $40,000. ETF Managers Group LLC grew its stake in Axalta Coating Systems by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 4,318 shares of the specialty chemicals company’s stock worth $101,000 after buying an additional 588 shares during the last quarter. Ffcm LLC grew its stake in Axalta Coating Systems by 186.1% during the fourth quarter. Ffcm LLC now owns 4,532 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 2,948 shares during the last quarter. Berman Capital Advisors LLC bought a new stake in Axalta Coating Systems during the fourth quarter worth about $135,000. Finally, Captrust Financial Advisors grew its stake in Axalta Coating Systems by 15.4% during the fourth quarter. Captrust Financial Advisors now owns 5,867 shares of the specialty chemicals company’s stock worth $137,000 after buying an additional 785 shares during the last quarter. 99.08% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Steven R. Markevich sold 5,177 shares of the stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $25.82, for a total transaction of $133,670.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Charles W. Shaver sold 71,897 shares of the stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $25.02, for a total transaction of $1,798,862.94. Following the sale, the director now directly owns 442,419 shares in the company, valued at $11,069,323.38. The disclosure for this sale can be found here. Insiders have sold 964,729 shares of company stock worth $25,102,588 over the last three months. 2.10% of the stock is owned by insiders.

AXTA has been the topic of several research analyst reports. Zacks Investment Research cut shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Thursday, December 27th. Credit Suisse Group set a $34.00 price target on shares of Axalta Coating Systems and gave the company a “buy” rating in a research note on Thursday, December 13th. UBS Group set a $32.00 price target on shares of Axalta Coating Systems and gave the company a “buy” rating in a research note on Thursday, December 20th. Finally, Bank of America raised shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, January 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $30.30.

AXTA opened at $25.96 on Friday. Axalta Coating Systems Ltd has a one year low of $21.58 and a one year high of $32.99. The company has a current ratio of 2.22, a quick ratio of 1.63 and a debt-to-equity ratio of 2.92. The company has a market cap of $6.15 billion, a PE ratio of 20.28, a P/E/G ratio of 1.50 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Wednesday, January 30th. The specialty chemicals company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Axalta Coating Systems had a net margin of 4.42% and a return on equity of 22.20%. The business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the firm earned ($0.26) earnings per share. Axalta Coating Systems’s revenue was down .6% compared to the same quarter last year. As a group, equities analysts anticipate that Axalta Coating Systems Ltd will post 1.34 EPS for the current fiscal year.

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Axalta Coating Systems Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated water and solvent borne products and systems that are used to refinish 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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