Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP cut its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 43.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,736 shares of the specialty chemicals company’s stock after selling 19,864 shares during the period. Mirabella Financial Services LLP’s holdings in Axalta Coating Systems were worth $931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AXTA. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Axalta Coating Systems by 0.9% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,009,959 shares of the specialty chemicals company’s stock worth $512,890,000 after purchasing an additional 137,209 shares during the period. Victory Capital Management Inc. boosted its holdings in Axalta Coating Systems by 5.6% during the second quarter. Victory Capital Management Inc. now owns 10,403,246 shares of the specialty chemicals company’s stock worth $355,479,000 after buying an additional 550,970 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Axalta Coating Systems by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,771,023 shares of the specialty chemicals company’s stock valued at $128,852,000 after buying an additional 302,752 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Axalta Coating Systems by 19.5% in the second quarter. The Manufacturers Life Insurance Company now owns 2,914,764 shares of the specialty chemicals company’s stock valued at $99,597,000 after buying an additional 475,493 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of Axalta Coating Systems by 89.7% in the second quarter. Millennium Management LLC now owns 2,733,703 shares of the specialty chemicals company’s stock worth $93,411,000 after acquiring an additional 1,292,434 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Performance

AXTA opened at $41.29 on Tuesday. Axalta Coating Systems Ltd. has a twelve month low of $30.40 and a twelve month high of $41.65. The firm has a market capitalization of $9.00 billion, a PE ratio of 27.90, a PEG ratio of 0.87 and a beta of 1.43. The company has a current ratio of 2.00, a quick ratio of 1.42 and a debt-to-equity ratio of 1.80. The firm’s 50-day moving average price is $37.42 and its 200 day moving average price is $35.85.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Royal Bank of Canada lifted their price target on Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barclays upped their target price on Axalta Coating Systems from $42.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Evercore ISI started coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price target on the stock. Robert W. Baird boosted their price target on shares of Axalta Coating Systems from $40.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Axalta Coating Systems from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $42.45.

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.