Axalta Coating Systems Ltd (AXTA) Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lowered its position in shares of Axalta Coating Systems Ltd (NYSE:AXTA) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,482,420 shares of the specialty chemicals company’s stock after selling 21,895 shares during the quarter. Westfield Capital Management Co. LP owned about 0.61% of Axalta Coating Systems worth $42,872,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of Axalta Coating Systems during the second quarter valued at about $108,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Axalta Coating Systems by 927.6% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 3,664 shares during the period. Chicago Partners Investment Group LLC acquired a new position in shares of Axalta Coating Systems during the second quarter valued at about $127,000. Commonwealth Bank of Australia raised its holdings in shares of Axalta Coating Systems by 18.1% during the second quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock valued at $146,000 after purchasing an additional 703 shares during the period. Finally, Acrospire Investment Management LLC raised its holdings in shares of Axalta Coating Systems by 257.0% during the second quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company’s stock valued at $156,000 after purchasing an additional 3,500 shares during the period. 99.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of Axalta Coating Systems Ltd (NYSE AXTA) opened at $31.03 on Monday. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50. Axalta Coating Systems Ltd has a fifty-two week low of $24.72 and a fifty-two week high of $38.20. The firm has a market cap of $7,559.85, a PE ratio of 27.95, a P/E/G ratio of 1.94 and a beta of 1.55.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. analysts expect that Axalta Coating Systems Ltd will post 1.15 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the stock. Citigroup dropped their price objective on shares of Axalta Coating Systems from $33.00 to $31.00 and set a “buy” rating on the stock in a report on Monday, August 7th. BidaskClub upgraded shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Instinet reiterated a “neutral” rating and set a $28.00 price objective (down previously from $30.00) on shares of Axalta Coating Systems in a report on Friday, October 13th. Robert W. Baird reiterated a “buy” rating and set a $35.00 price objective on shares of Axalta Coating Systems in a report on Monday, October 30th. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $34.00 price objective on shares of Axalta Coating Systems in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.73.

In related news, SVP Michael A. Cash sold 34,874 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $30.00, for a total value of $1,046,220.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Steven R. Markevich sold 900 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $29.42, for a total transaction of $26,478.00. Following the completion of the sale, the executive vice president now owns 201,393 shares of the company’s stock, valued at approximately $5,924,982.06. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

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Axalta Coating Systems Profile

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.

Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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