15,977 Shares in Axalta Coating Systems Ltd. (NYSE:AXTA) Acquired by Bryce Point Capital LLC

Bryce Point Capital LLC acquired a new stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 15,977 shares of the specialty chemicals company's stock, valued at approximately $547,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of 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 worth $387,439,000 after acquiring an additional 988,397 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Axalta Coating Systems by 0.4% during the fourth quarter. JPMorgan Chase & Co. now owns 11,280,882 shares of the specialty chemicals company's stock valued at $386,032,000 after purchasing an additional 50,520 shares in the last quarter. State Street Corp increased its holdings in shares of Axalta Coating Systems by 0.7% in the third quarter. State Street Corp now owns 6,822,955 shares of the specialty chemicals company's stock worth $246,923,000 after purchasing an additional 46,813 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Axalta Coating Systems by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 6,598,172 shares of the specialty chemicals company's stock worth $225,789,000 after buying an additional 82,200 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Axalta Coating Systems by 0.9% during the third quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company's stock valued at $132,823,000 after buying an additional 31,894 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

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Insiders Place Their Bets

In other news, insider Troy D. Weaver sold 10,457 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 74,905 shares of the company's stock, valued at approximately $2,814,180.85. The trade was a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.40% of the stock is owned by company insiders.

Axalta Coating Systems Stock Down 0.9 %

Shares of AXTA traded down $0.27 during midday trading on Monday, reaching $29.47. 2,719,346 shares of the stock were exchanged, compared to its average volume of 2,001,563. The company has a current ratio of 2.01, a quick ratio of 1.47 and a debt-to-equity ratio of 1.74. The company's 50 day moving average is $35.41 and its two-hundred day moving average is $36.47. The company has a market capitalization of $6.43 billion, a P/E ratio of 16.56, a PEG ratio of 0.92 and a beta of 1.33. Axalta Coating Systems Ltd. has a 52 week low of $28.35 and a 52 week high of $41.66.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $0.43 EPS. The company's revenue for the quarter was up 1.1% on a year-over-year basis. On average, sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on AXTA. Wells Fargo & Company reduced their price objective on Axalta Coating Systems from $45.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Thursday. Barclays raised their price objective 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. KeyCorp reissued a "sector weight" rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Wolfe Research upgraded Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target for the company in a research report on Friday, January 17th. Finally, StockNews.com downgraded shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.00.

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.