Counterpoint Mutual Funds LLC Has $302,000 Stock Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. First Horizon Advisors Inc. raised its stake in Axalta Coating Systems by 35.2% in the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 266 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Axalta Coating Systems by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company’s stock valued at $820,000 after purchasing an additional 323 shares in the last quarter. Principal Securities Inc. raised its stake in Axalta Coating Systems by 5.5% during the fourth quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock worth $218,000 after acquiring an additional 332 shares in the last quarter. CIBC Asset Management Inc raised its stake in Axalta Coating Systems by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company’s stock worth $231,000 after acquiring an additional 334 shares in the last quarter. Finally, Optas LLC raised its stake in Axalta Coating Systems by 7.3% during the fourth quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company’s stock worth $206,000 after acquiring an additional 412 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analyst Ratings Changes

AXTA has been the subject of several research analyst reports. Wolfe Research raised Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research note on Friday, January 17th. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Citigroup downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $45.00 to $41.00 in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lowered their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Finally, Barclays boosted their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 5th. Three 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 company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $43.08.

Insider Activity at Axalta Coating Systems

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the transaction, the insider now directly owns 74,905 shares in the company, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by company insiders.

Axalta Coating Systems Stock Performance

Shares of AXTA stock opened at $34.41 on Wednesday. The business’s 50 day simple moving average is $35.98 and its 200 day simple moving average is $36.64. Axalta Coating Systems Ltd. has a one year low of $30.41 and a one year high of $41.66. The stock has a market capitalization of $7.51 billion, a PE ratio of 19.33, a PEG ratio of 0.92 and a beta of 1.45. 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 (NYSE:AXTA) last announced its 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 for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue was up 1.1% on a year-over-year basis. As a group, research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

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.