Hillsdale Investment Management Inc. Buys 800 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Hillsdale Investment Management Inc. grew its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,150 shares of the specialty chemicals company’s stock after acquiring an additional 800 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Axalta Coating Systems were worth $724,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. First Horizon Advisors Inc. raised its stake in Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 266 shares during the period. Cerity Partners LLC increased its holdings in shares of Axalta Coating Systems by 168.4% in the third quarter. Cerity Partners LLC now owns 29,481 shares of the specialty chemicals company’s stock worth $1,067,000 after acquiring an additional 18,496 shares in the last quarter. Westfield Capital Management Co. LP raised its position in shares of Axalta Coating Systems by 4.2% during the third quarter. Westfield Capital Management Co. LP now owns 2,096,790 shares of the specialty chemicals company’s stock worth $75,883,000 after purchasing an additional 84,594 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Axalta Coating Systems during the 3rd quarter valued at about $214,000. Finally, Dynamic Technology Lab Private Ltd grew its position in shares of Axalta Coating Systems by 68.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock valued at $1,310,000 after purchasing an additional 14,704 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Axalta Coating Systems

In other 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 directly owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.40% of the stock is owned by company insiders.

Axalta Coating Systems Stock Down 0.6 %

NYSE:AXTA opened at $33.84 on Monday. Axalta Coating Systems Ltd. has a twelve month low of $30.41 and a twelve month high of $41.66. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The stock’s 50 day moving average price is $35.98 and its two-hundred day moving average price is $36.60.

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

Wall Street Analyst Weigh In

AXTA has been the topic of several research analyst reports. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a report on Friday, January 17th. Citigroup lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $45.00 to $41.00 in a report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company 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. Finally, Mizuho reduced 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. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.08.

Axalta Coating Systems Company 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.