Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd decreased its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 423,539 shares of the specialty chemicals company’s stock after selling 27,823 shares during the period. Marathon Asset Management Ltd owned 0.19% of Axalta Coating Systems worth $14,493,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Eagle Bay Advisors LLC grew its stake in shares of Axalta Coating Systems by 116.3% in the 4th 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. True Wealth Design LLC purchased a new position in shares of Axalta Coating Systems in the 3rd quarter valued at approximately $37,000. First Horizon Advisors Inc. grew its stake in shares of Axalta Coating Systems by 35.2% in the 3rd 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. Millburn Ridgefield Corp purchased a new stake in shares of Axalta Coating Systems in the third quarter valued at approximately $41,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock valued at $45,000 after buying an additional 498 shares in the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction dated 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 transaction, the insider now owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.40% of the stock is owned by company insiders.

Axalta Coating Systems Stock Performance

NYSE AXTA opened at $36.16 on Monday. Axalta Coating Systems Ltd. has a fifty-two week low of $30.41 and a fifty-two week high of $41.65. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 0.92 and a beta of 1.46. The business has a fifty day moving average of $35.92 and a 200-day moving average of $36.70. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AXTA has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Barclays lifted their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. BMO Capital Markets lifted their price target on Axalta Coating Systems from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, November 13th. KeyCorp reiterated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Finally, Mizuho decreased their target price on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Three research 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.08.

Axalta Coating Systems 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.