Counterpoint Mutual Funds LLC Sells 4,871 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Counterpoint Mutual Funds LLC trimmed its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 35.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,838 shares of the specialty chemicals company’s stock after selling 4,871 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Axalta Coating Systems were worth $302,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of AXTA. Victory Capital Management Inc. raised 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 purchasing an additional 988,397 shares during the period. PointState Capital LP acquired a new position in shares of Axalta Coating Systems during the third quarter worth approximately $30,257,000. Jupiter Asset Management Ltd. raised its position in shares of Axalta Coating Systems by 35.4% during the fourth quarter. Jupiter Asset Management Ltd. now owns 1,620,459 shares of the specialty chemicals company’s stock worth $55,452,000 after purchasing an additional 423,883 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Axalta Coating Systems by 151.7% during the third 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 purchasing an additional 381,488 shares during the period. Finally, Atom Investors LP raised its position in shares of Axalta Coating Systems by 198.6% during the third quarter. Atom Investors LP now owns 380,616 shares of the specialty chemicals company’s stock worth $13,774,000 after purchasing an additional 253,142 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Price Performance

NYSE AXTA opened at $34.41 on Wednesday. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The company has a market cap of $7.51 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a 52 week low of $30.41 and a 52 week high of $41.66. The firm’s 50-day simple moving average is $35.98 and its two-hundred day simple moving average is $36.64.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays increased their price target 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. Citigroup lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their price target for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. StockNews.com lowered Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Wolfe Research raised 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, KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Three equities research 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.08.

Insider Activity

In related news, insider Troy D. Weaver sold 10,457 shares of the company’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 sale, the insider now owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.