Axalta Coating Systems Ltd (AXTA) Shares Sold by Grandeur Peak Global Advisors LLC

Grandeur Peak Global Advisors LLC lowered its holdings in Axalta Coating Systems Ltd (NYSE:AXTA) by 19.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 58,800 shares of the specialty chemicals company’s stock after selling 13,975 shares during the quarter. Grandeur Peak Global Advisors LLC’s holdings in Axalta Coating Systems were worth $1,903,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in AXTA. Artisan Partners Limited Partnership bought a new position in shares of Axalta Coating Systems in the 3rd quarter worth approximately $94,884,000. Davis Selected Advisers raised its position in shares of Axalta Coating Systems by 30.1% in the 3rd quarter. Davis Selected Advisers now owns 9,402,305 shares of the specialty chemicals company’s stock worth $271,921,000 after acquiring an additional 2,173,915 shares in the last quarter. Confluence Investment Management LLC raised its position in shares of Axalta Coating Systems by 146.1% in the 4th quarter. Confluence Investment Management LLC now owns 2,294,824 shares of the specialty chemicals company’s stock worth $74,261,000 after acquiring an additional 1,362,163 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Axalta Coating Systems by 75.1% in the 4th quarter. Wells Fargo & Company MN now owns 3,146,214 shares of the specialty chemicals company’s stock worth $101,811,000 after acquiring an additional 1,349,093 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Axalta Coating Systems by 259.4% in the 4th 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 in the last quarter.

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Several research analysts have recently issued reports on AXTA shares. Royal Bank of Canada reissued a “buy” rating and issued a $35.00 target price on shares of Axalta Coating Systems in a research report on Thursday, February 8th. TheStreet lowered Axalta Coating Systems from a “b-” rating to a “c+” rating in a research report on Thursday, December 28th. Zacks Investment Research raised Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research report on Monday, December 11th. Vertical Research lowered Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $31.00 price objective for the company. in a research report on Friday, December 1st. Finally, UBS started coverage on Axalta Coating Systems in a research report on Tuesday, December 19th. They set a “market perform” rating for the company. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $33.50.

In other Axalta Coating Systems news, EVP Steven R. Markevich sold 82,838 shares of Axalta Coating Systems stock in a transaction on Monday, March 19th. The stock was sold at an average price of $30.61, for a total value of $2,535,671.18. Following the completion of the sale, the executive vice president now owns 323,875 shares of the company’s stock, valued at approximately $9,913,813.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michael A. Cash sold 64,898 shares of Axalta Coating Systems stock in a transaction 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 sale, the senior vice president now directly owns 242,056 shares of the company’s stock, valued at approximately $7,888,605.04. The disclosure for this sale can be found here. In the last three months, insiders sold 617,688 shares of company stock valued at $19,020,157. Corporate insiders own 2.30% of the company’s stock.

Axalta Coating Systems Ltd (AXTA) opened at $30.21 on Friday. Axalta Coating Systems Ltd has a 52-week low of $27.77 and a 52-week high of $38.20. The company has a debt-to-equity ratio of 2.75, a quick ratio of 1.58 and a current ratio of 2.14. The firm has a market capitalization of $7,438.95, a P/E ratio of 232.40, a P/E/G ratio of 1.94 and a beta of 1.34.

Axalta Coating Systems (NYSE:AXTA) last posted 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. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Axalta Coating Systems had a return on equity of 20.91% and a net margin of 0.84%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company earned ($0.16) EPS. equities analysts forecast that Axalta Coating Systems Ltd will post 1.33 earnings per share for the current 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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