Axalta Coating Systems Ltd (AXTA) Position Increased by KBC Group NV

KBC Group NV boosted its stake in Axalta Coating Systems Ltd (NYSE:AXTA) by 17.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,330 shares of the specialty chemicals company’s stock after buying an additional 3,960 shares during the quarter. KBC Group NV’s holdings in Axalta Coating Systems were worth $761,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. bought a new position in Axalta Coating Systems in the 2nd quarter valued at $108,000. Bronfman E.L. Rothschild L.P. raised its position in Axalta Coating Systems by 927.6% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 3,664 shares during the last quarter. Commonwealth Bank of Australia raised its position in Axalta Coating Systems by 18.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock valued at $146,000 after purchasing an additional 703 shares during the last quarter. Acrospire Investment Management LLC raised its position in Axalta Coating Systems by 257.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company’s stock valued at $156,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Advisor Group Inc. raised its position in Axalta Coating Systems by 217.3% in the 2nd quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock valued at $179,000 after purchasing an additional 3,837 shares during the last quarter. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Ltd (NYSE AXTA) opened at $31.00 on Friday. Axalta Coating Systems Ltd has a 52 week low of $26.20 and a 52 week high of $38.20. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 2.69. The stock has a market capitalization of $7,674.36, a PE ratio of 28.38, a price-to-earnings-growth ratio of 1.97 and a beta of 1.55.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. equities research analysts predict that Axalta Coating Systems Ltd will post 1.15 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Robert W. Baird restated a “buy” rating and set a $35.00 target price on shares of Axalta Coating Systems in a research report on Monday, October 30th. BidaskClub upgraded Axalta Coating Systems from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. Instinet restated a “neutral” rating and set a $28.00 target price (down previously from $30.00) on shares of Axalta Coating Systems in a research report on Friday, October 13th. Zacks Investment Research upgraded Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 11th. Finally, Citigroup downgraded Axalta Coating Systems from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $31.00 to $25.00 in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Axalta Coating Systems has a consensus rating of “Hold” and a consensus price target of $33.73.

In other news, SVP Michael A. Cash sold 34,874 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $30.00, for a total transaction of $1,046,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael F. Finn sold 3,950 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total value of $129,007.00. Following the transaction, the senior vice president now directly owns 108,818 shares of the company’s stock, valued at $3,553,995.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,724 shares of company stock valued at $1,201,705. Insiders own 2.30% of the company’s stock.

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Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

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

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