12th Street Asset Management Company LLC Has $8.16 Million Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

12th Street Asset Management Company LLC raised its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 28.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 238,327 shares of the specialty chemicals company's stock after buying an additional 52,925 shares during the period. Axalta Coating Systems comprises approximately 1.3% of 12th Street Asset Management Company LLC's investment portfolio, making the stock its 26th biggest position. 12th Street Asset Management Company LLC owned approximately 0.11% of Axalta Coating Systems worth $8,156,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its stake in Axalta Coating Systems by 35.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 266 shares during the period. Janney Montgomery Scott LLC boosted its stake in Axalta Coating Systems by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company's stock worth $820,000 after purchasing an additional 323 shares during the period. Principal Securities Inc. boosted its stake in Axalta Coating Systems by 5.5% in the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock worth $218,000 after purchasing an additional 332 shares during the period. CIBC Asset Management Inc boosted its stake in Axalta Coating Systems by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company's stock worth $231,000 after purchasing an additional 334 shares during the period. Finally, Optas LLC boosted its stake in Axalta Coating Systems by 7.3% in the 4th quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company's stock worth $206,000 after purchasing an additional 412 shares during the period. 98.28% of the stock is currently owned by institutional investors.

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Axalta Coating Systems Stock Down 1.9 %

Shares of Axalta Coating Systems stock traded down $0.66 during midday trading on Tuesday, reaching $34.41. 1,875,733 shares of the company's stock traded hands, compared to its average volume of 1,940,396. The company has a market cap of $7.51 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. The company's 50 day simple moving average is $35.98 and its 200 day simple moving average is $36.65. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. Axalta Coating Systems Ltd. has a 52 week low of $30.41 and a 52 week high of $41.66.

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

Analyst Ratings Changes

AXTA has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Mizuho cut their target price on shares of 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. Citigroup downgraded shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and cut their target price for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft cut 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 report on Thursday, December 19th. Finally, Barclays increased their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 5th. Three equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $43.08.

Insider Buying and Selling

In related news, insider Troy D. Weaver sold 10,457 shares of Axalta Coating Systems stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value of $392,869.49. Following the transaction, the insider now owns 74,905 shares in the company, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.40% of the company's stock.

About Axalta Coating Systems

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.