Virtu Financial LLC Buys New Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Virtu Financial LLC acquired a new stake in Axalta Coating Systems Ltd. (NYSE:AXTA) in the 4th quarter, Holdings Channel reports. The firm acquired 11,934 shares of the specialty chemicals company’s stock, valued at approximately $408,000.

Several other large investors have also recently bought and sold shares of AXTA. Eagle Bay Advisors LLC raised its holdings in Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 443 shares in the last quarter. True Wealth Design LLC acquired a new position in shares of Axalta Coating Systems in the third quarter valued at approximately $37,000. Millburn Ridgefield Corp acquired a new stake in shares of Axalta Coating Systems during the third quarter worth $41,000. Jones Financial Companies Lllp lifted its holdings in shares of Axalta Coating Systems by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 498 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Axalta Coating Systems by 35.4% in the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 547 shares during the last quarter. Hedge funds and other institutional investors own 98.28% of the company’s stock.

Insider Transactions at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the completion of the transaction, the insider now owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This represents a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Mizuho dropped their price objective on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Barclays boosted their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Citigroup cut Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their price target for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a report on Friday, January 17th. Finally, KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

Axalta Coating Systems Trading Down 0.0 %

NYSE:AXTA opened at $34.17 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The business’s 50-day simple moving average is $35.96 and its 200-day simple moving average is $36.58. Axalta Coating Systems Ltd. has a fifty-two week low of $30.41 and a fifty-two week high of $41.66. The stock has a market capitalization of $7.45 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.09. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the business posted $0.43 earnings per share. Sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Axalta Coating Systems Company Profile

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. The company operates through two segments, Performance Coatings and Mobility Coatings.