Stifel Financial Corp Sells 6,425 Shares of Axalta Coating Systems Ltd (AXTA)

Stifel Financial Corp trimmed its holdings in shares of Axalta Coating Systems Ltd (NYSE:AXTA) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 207,533 shares of the specialty chemicals company’s stock after selling 6,425 shares during the period. Stifel Financial Corp owned about 0.09% of Axalta Coating Systems worth $4,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AXTA. We Are One Seven LLC bought a new stake in Axalta Coating Systems in the 4th quarter valued at about $40,000. ETF Managers Group LLC raised its stake in Axalta Coating Systems by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 4,318 shares of the specialty chemicals company’s stock valued at $101,000 after acquiring an additional 588 shares during the period. Ffcm LLC raised its stake in Axalta Coating Systems by 186.1% in the 4th quarter. Ffcm LLC now owns 4,532 shares of the specialty chemicals company’s stock valued at $106,000 after acquiring an additional 2,948 shares during the period. Berman Capital Advisors LLC bought a new stake in Axalta Coating Systems in the 4th quarter valued at about $135,000. Finally, NumerixS Investment Technologies Inc raised its stake in Axalta Coating Systems by 47.9% in the 4th quarter. NumerixS Investment Technologies Inc now owns 7,100 shares of the specialty chemicals company’s stock valued at $162,000 after acquiring an additional 2,300 shares during the period.

In other news, CEO Robert W. Bryant sold 5,395 shares of the business’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $25.82, for a total transaction of $139,298.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles W. Shaver sold 126,862 shares of the business’s stock in a transaction dated Thursday, January 17th. The stock was sold at an average price of $25.05, for a total value of $3,177,893.10. Following the transaction, the director now directly owns 567,690 shares of the company’s stock, valued at approximately $14,220,634.50. The disclosure for this sale can be found here. Insiders have sold 1,034,732 shares of company stock valued at $27,003,936 in the last three months. 2.10% of the stock is owned by insiders.

AXTA stock traded up $0.39 during mid-day trading on Monday, reaching $27.52. 1,727,367 shares of the company traded hands, compared to its average volume of 1,838,291. The company has a quick ratio of 1.63, a current ratio of 2.22 and a debt-to-equity ratio of 2.92. The firm has a market capitalization of $6.34 billion, a PE ratio of 21.50, a PEG ratio of 1.55 and a beta of 1.24. Axalta Coating Systems Ltd has a 52-week low of $21.58 and a 52-week high of $32.99.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Wednesday, January 30th. The specialty chemicals company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. Axalta Coating Systems had a return on equity of 22.20% and a net margin of 4.42%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.26) EPS. On average, equities research analysts anticipate that Axalta Coating Systems Ltd will post 1.33 EPS for the current fiscal year.

AXTA has been the topic of a number of research reports. Bank of America upgraded Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Tuesday, January 8th. UBS Group set a $32.00 target price on Axalta Coating Systems and gave the company a “buy” rating in a report on Thursday, December 20th. Finally, Zacks Investment Research lowered Axalta Coating Systems from a “hold” rating to a “sell” rating in a report on Thursday, December 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.30.

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About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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

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