Axalta Coating Systems Ltd (AXTA) is Shapiro Capital Management LLC’s 3rd Largest Position

Shapiro Capital Management LLC cut its holdings in Axalta Coating Systems Ltd (NYSE:AXTA) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,215,218 shares of the specialty chemicals company’s stock after selling 39,055 shares during the period. Axalta Coating Systems makes up 5.3% of Shapiro Capital Management LLC’s investment portfolio, making the stock its 3rd biggest holding. Shapiro Capital Management LLC owned 3.44% of Axalta Coating Systems worth $192,400,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. We Are One Seven LLC bought a new stake in Axalta Coating Systems in the fourth quarter worth $40,000. ETF Managers Group LLC boosted its holdings in Axalta Coating Systems by 15.8% in the fourth quarter. ETF Managers Group LLC now owns 4,318 shares of the specialty chemicals company’s stock worth $101,000 after purchasing an additional 588 shares in the last quarter. Ffcm LLC boosted its holdings in Axalta Coating Systems by 186.1% during the fourth 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 during the fourth quarter valued at about $135,000. Finally, Captrust Financial Advisors boosted its holdings in Axalta Coating Systems by 15.4% during the fourth quarter. Captrust Financial Advisors now owns 5,867 shares of the specialty chemicals company’s stock valued at $137,000 after acquiring an additional 785 shares during the period. Hedge funds and other institutional investors own 99.08% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 20th. Credit Suisse Group set a $34.00 price target on shares of Axalta Coating Systems and gave the company a “buy” rating in a report on Thursday, December 13th. UBS Group set a $32.00 price target on shares of Axalta Coating Systems and gave the company a “buy” rating in a report on Thursday, December 20th. Finally, Bank of America upgraded shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $28.00 price target for the company in a report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Axalta Coating Systems presently has a consensus rating of “Hold” and a consensus target price of $30.30.

AXTA stock opened at $25.96 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.22 and a quick ratio of 1.63. Axalta Coating Systems Ltd has a 52-week low of $21.58 and a 52-week high of $32.99. The stock has a market cap of $6.15 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.50 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Wednesday, January 30th. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Axalta Coating Systems had a net margin of 4.42% and a return on equity of 22.20%. The business’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.26) earnings per share. As a group, equities analysts anticipate that Axalta Coating Systems Ltd will post 1.34 EPS for the current fiscal year.

In other news, CEO Robert W. Bryant sold 5,395 shares of the company’s stock in a transaction dated Friday, February 1st. The shares were 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 link. Also, Director Charles W. Shaver sold 500,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $26.71, for a total transaction of $13,355,000.00. Following the transaction, the director now directly owns 394,656 shares of the company’s stock, valued at approximately $10,541,261.76. The disclosure for this sale can be found here. Insiders have sold 964,729 shares of company stock valued at $25,102,588 in the last ninety days. 2.10% of the stock is owned by company insiders.

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About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated 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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