J. Goldman & Co LP Purchases Shares of 36,343 Axalta Coating Systems Ltd (AXTA)

J. Goldman & Co LP purchased a new position in shares of Axalta Coating Systems Ltd (NYSE:AXTA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,343 shares of the specialty chemicals company’s stock, valued at approximately $1,176,000.

Several other hedge funds have also modified their holdings of the company. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Axalta Coating Systems by 65.2% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 11,400 shares of the specialty chemicals company’s stock worth $369,000 after acquiring an additional 4,500 shares during the last quarter. DF Dent & Co. Inc. purchased a new stake in shares of Axalta Coating Systems during the fourth quarter worth about $392,000. Element Capital Management LLC purchased a new stake in shares of Axalta Coating Systems during the fourth quarter worth about $9,723,000. Millennium Management LLC grew its stake in shares of Axalta Coating Systems by 259.4% during the fourth quarter. Millennium Management LLC now owns 1,735,663 shares of the specialty chemicals company’s stock worth $56,166,000 after acquiring an additional 1,252,686 shares during the last quarter. Finally, Cushing Asset Management LP purchased a new stake in shares of Axalta Coating Systems during the fourth quarter worth about $4,280,000.

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In other Axalta Coating Systems news, SVP Michael A. Cash sold 64,898 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $32.59, for a total value of $2,115,025.82. Following the completion of the transaction, the senior vice president now directly owns 242,056 shares of the company’s stock, valued at $7,888,605.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Steven R. Markevich sold 82,838 shares of the business’s stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $30.61, for a total value of $2,535,671.18. Following the completion of the transaction, the executive vice president now directly owns 323,875 shares of the company’s stock, valued at $9,913,813.75. The disclosure for this sale can be found here. Insiders have sold 617,688 shares of company stock valued at $19,020,157 in the last ninety days. Corporate insiders own 2.30% of the company’s stock.

A number of equities research analysts have recently weighed in on AXTA shares. KeyCorp restated an “overweight” rating and set a $40.00 price target (up previously from $36.00) on shares of Axalta Coating Systems in a research note on Tuesday, November 28th. Vertical Research lowered Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research note on Friday, December 1st. Zacks Investment Research upgraded Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 11th. Raymond James Financial started coverage on Axalta Coating Systems in a research note on Tuesday, December 19th. They set a “market perform” rating on the stock. Finally, UBS started coverage on Axalta Coating Systems in a research note on Tuesday, December 19th. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.50.

Shares of Axalta Coating Systems Ltd (NYSE AXTA) opened at $30.21 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.58 and a debt-to-equity ratio of 2.75. Axalta Coating Systems Ltd has a twelve month low of $27.77 and a twelve month high of $38.20. The company has a market capitalization of $7,438.95, a PE ratio of 232.40, a P/E/G ratio of 1.94 and a beta of 1.34.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.05. Axalta Coating Systems had a return on equity of 20.91% and a net margin of 0.84%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the company posted ($0.16) earnings per share. The company’s revenue was up 13.5% compared to the same quarter last year. analysts expect that Axalta Coating Systems Ltd will post 1.33 EPS for the current fiscal year.

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About Axalta Coating Systems

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.

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

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