Axalta Coating Systems Ltd. (NYSE:AXTA) Shares Sold by Aigen Investment Management LP

Aigen Investment Management LP cut its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 53.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,253 shares of the specialty chemicals company's stock after selling 10,746 shares during the quarter. Aigen Investment Management LP's holdings in Axalta Coating Systems were worth $317,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AXTA. Victory Capital Management Inc. raised its stake in Axalta Coating Systems by 9.6% during the fourth quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company's stock valued at $387,439,000 after purchasing an additional 988,397 shares in the last quarter. State Street Corp raised its position in shares of Axalta Coating Systems by 0.7% during the 3rd quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company's stock valued at $246,923,000 after buying an additional 46,813 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company's stock valued at $132,823,000 after acquiring an additional 31,894 shares during the last quarter. Westfield Capital Management Co. LP grew its position in Axalta Coating Systems by 4.2% in 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 acquiring an additional 84,594 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in Axalta Coating Systems by 11.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,991,660 shares of the specialty chemicals company's stock worth $72,078,000 after acquiring an additional 205,085 shares during the last quarter. 98.28% of the stock is currently owned by institutional investors.

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Axalta Coating Systems Stock Performance

Shares of NYSE AXTA traded down $0.10 during midday trading on Wednesday, reaching $33.86. 1,962,179 shares of the stock were exchanged, compared to its average volume of 1,975,474. The firm has a 50-day simple moving average of $35.96 and a two-hundred day simple moving average of $36.69. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. Axalta Coating Systems Ltd. has a twelve month low of $30.41 and a twelve month high of $41.65. The firm has a market cap of $7.39 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 0.92 and a beta of 1.45.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.51 by $0.09. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company earned $0.43 EPS. The firm's revenue was up 1.1% compared to the same quarter last year. As a group, analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AXTA. Barclays boosted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Wednesday, February 5th. Mizuho cut their price objective on shares of Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. StockNews.com lowered shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. BMO Capital Markets upped their price target on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the company an "outperform" rating in a report on Wednesday, November 13th. Finally, Evercore ISI began coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.08.

Insider Activity

In related news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the completion of the transaction, the insider now owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company's stock.

Axalta Coating Systems 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.