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

Trexquant Investment LP lessened its holdings in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 58.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,848 shares of the specialty chemicals company’s stock after selling 261,302 shares during the quarter. Trexquant Investment LP owned about 0.09% of Axalta Coating Systems worth $6,394,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC lifted its stake in Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 443 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Axalta Coating Systems by 60.7% in the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock worth $45,000 after buying an additional 498 shares during the last quarter. UMB Bank n.a. increased its position in Axalta Coating Systems by 35.4% during the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 547 shares during the period. Plato Investment Management Ltd increased its position in shares of Axalta Coating Systems by 156.4% during the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock valued at $77,000 after buying an additional 1,365 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in shares of Axalta Coating Systems by 31.4% during the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company’s stock worth $88,000 after acquiring an additional 617 shares during the period. 98.28% of the stock is currently owned by institutional investors.

Axalta Coating Systems Price Performance

Shares of NYSE:AXTA opened at $29.73 on Friday. The firm has a fifty day moving average price of $35.41 and a 200 day moving average price of $36.46. Axalta Coating Systems Ltd. has a fifty-two week low of $28.95 and a fifty-two week high of $41.66. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 0.92 and a beta of 1.33. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01.

Axalta Coating Systems (NYSE:AXTA) 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 return on equity of 26.29% and a net margin of 7.41%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the prior year, the company earned $0.43 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on AXTA shares. Mizuho decreased their price target on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Citigroup cut shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. StockNews.com cut Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Finally, Wells Fargo & Company decreased their price target on shares of Axalta Coating Systems from $45.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Thursday. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Axalta Coating Systems presently has a consensus rating of “Moderate Buy” and an average price target of $43.00.

Insiders Place Their Bets

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the business’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 $2,814,180.85. The trade was a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.40% of the stock is currently owned by insiders.

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.