Financiere des Professionnels Fonds d investissement inc. Sells 14,599 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Financiere des Professionnels Fonds d investissement inc. cut its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 17.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 67,317 shares of the specialty chemicals company’s stock after selling 14,599 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Axalta Coating Systems were worth $2,304,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AXTA. Eagle Bay Advisors LLC raised its position in Axalta Coating Systems by 116.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 443 shares during the last quarter. First Horizon Advisors Inc. raised its position in Axalta Coating Systems by 35.2% in the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 266 shares during the last quarter. True Wealth Design LLC bought a new position in Axalta Coating Systems in the third quarter valued at about $37,000. Millburn Ridgefield Corp bought a new position in Axalta Coating Systems in the third quarter valued at about $41,000. Finally, Capital Performance Advisors LLP bought a new position in Axalta Coating Systems in the third quarter valued at about $54,000. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Trading Down 0.8 %

NYSE AXTA opened at $37.15 on Monday. The business has a 50 day simple moving average of $36.06 and a 200 day simple moving average of $36.52. Axalta Coating Systems Ltd. has a one year low of $30.41 and a one year high of $41.65. The stock has a market capitalization of $8.10 billion, a P/E ratio of 20.87, a P/E/G ratio of 0.97 and a beta of 1.46. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.42.

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

Insider Buying and Selling

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the firm’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 value of $392,869.49. Following the completion of the sale, the insider now owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AXTA has been the subject of several research reports. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research report on Friday, January 17th. Mizuho lowered their price objective on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Barclays raised their price objective on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, Evercore ISI initiated coverage on Axalta Coating Systems in a research report on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $43.08.

About Axalta Coating Systems

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.