Trexquant Investment LP Sells 261,302 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Trexquant Investment LP trimmed its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 58.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 186,848 shares of the specialty chemicals company's stock after selling 261,302 shares during the period. Trexquant Investment LP owned approximately 0.09% of Axalta Coating Systems worth $6,394,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Axalta Coating Systems by 151.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 633,017 shares of the specialty chemicals company's stock worth $22,909,000 after acquiring an additional 381,488 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Axalta Coating Systems by 12.9% during the 3rd quarter. Captrust Financial Advisors now owns 18,940 shares of the specialty chemicals company's stock valued at $685,000 after purchasing an additional 2,165 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at $326,000. Janus Henderson Group PLC boosted its holdings in Axalta Coating Systems by 28.4% in the third quarter. Janus Henderson Group PLC now owns 160,458 shares of the specialty chemicals company's stock worth $5,806,000 after purchasing an additional 35,496 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Axalta Coating Systems by 61.7% during the third quarter. Quantinno Capital Management LP now owns 167,452 shares of the specialty chemicals company's stock valued at $6,060,000 after buying an additional 63,874 shares in the last quarter. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

AXTA stock traded down $1.98 during midday trading on Thursday, reaching $29.78. 1,190,154 shares of the company's stock traded hands, compared to its average volume of 2,032,016. The company has a 50-day simple moving average of $34.73 and a two-hundred day simple moving average of $36.25. 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 1-year low of $27.70 and a 1-year high of $41.66. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 0.92 and a beta of 1.33.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company earned $0.43 EPS. The firm's quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

AXTA has been the subject of several analyst reports. Barclays boosted 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. Mizuho decreased their price objective on shares of Axalta Coating Systems from $43.00 to $41.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. KeyCorp reiterated a "sector weight" rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Wells Fargo & Company decreased their price target on shares of Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, StockNews.com lowered Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.64.

Insider Buying and Selling at Axalta Coating Systems

In related news, insider Troy D. Weaver sold 10,457 shares of the business's 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 sale, the insider now directly owns 74,905 shares of the company's stock, valued at $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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.