Sciencast Management LP Has $1.23 Million Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Sciencast Management LP cut its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 53.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 35,934 shares of the specialty chemicals company's stock after selling 41,807 shares during the quarter. Sciencast Management LP's holdings in Axalta Coating Systems were worth $1,230,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of AXTA. TD Private Client Wealth LLC grew its stake in shares of Axalta Coating Systems by 9.7% in the 4th quarter. TD Private Client Wealth LLC now owns 6,679 shares of the specialty chemicals company's stock worth $229,000 after purchasing an additional 591 shares during the last quarter. Magnetar Financial LLC boosted its holdings in Axalta Coating Systems by 4.9% during the fourth quarter. Magnetar Financial LLC now owns 88,377 shares of the specialty chemicals company's stock worth $3,024,000 after buying an additional 4,131 shares in the last quarter. Teacher Retirement System of Texas grew its position in Axalta Coating Systems by 31.0% in the fourth quarter. Teacher Retirement System of Texas now owns 151,180 shares of the specialty chemicals company's stock worth $5,173,000 after buying an additional 35,799 shares during the last quarter. Xponance Inc. increased its holdings in shares of Axalta Coating Systems by 5.4% in the fourth quarter. Xponance Inc. now owns 24,953 shares of the specialty chemicals company's stock valued at $854,000 after buying an additional 1,276 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Axalta Coating Systems by 6.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 21,471 shares of the specialty chemicals company's stock valued at $735,000 after acquiring an additional 1,308 shares during the last quarter. Institutional investors own 98.28% of the company's stock.

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Axalta Coating Systems Stock Down 3.2 %

AXTA traded down $1.10 during trading on Thursday, reaching $33.08. 3,685,370 shares of the stock traded hands, compared to its average volume of 1,943,212. The stock's 50-day simple moving average is $35.96 and its two-hundred day simple moving average is $36.58. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems Ltd. has a fifty-two week low of $30.41 and a fifty-two week high of $41.66. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.31 billion. During the same quarter in the previous year, the business posted $0.43 EPS. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. As a group, equities research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AXTA. Barclays lifted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft decreased their price target on 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. StockNews.com downgraded Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Finally, Mizuho cut their price target on shares of Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.08.

Insiders Place Their Bets

In other news, insider Troy D. Weaver sold 10,457 shares of the firm's stock in a transaction 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 transaction, the insider now owns 74,905 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company's stock.

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.