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

Sciencast Management LP trimmed its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 53.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its position in Axalta Coating Systems by 35.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 266 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Axalta Coating Systems by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company’s stock valued at $820,000 after acquiring an additional 323 shares during the period. Principal Securities Inc. increased its position in Axalta Coating Systems by 5.5% in the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company’s stock valued at $218,000 after acquiring an additional 332 shares during the period. CIBC Asset Management Inc increased its position in Axalta Coating Systems by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company’s stock valued at $231,000 after acquiring an additional 334 shares during the period. Finally, Optas LLC increased its position in Axalta Coating Systems by 7.3% in the 4th quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company’s stock valued at $206,000 after acquiring an additional 412 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Down 0.6 %

Shares of NYSE AXTA opened at $33.84 on Friday. The firm has a market cap of $7.38 billion, a PE ratio of 19.01, a P/E/G ratio of 0.92 and a beta of 1.45. Axalta Coating Systems Ltd. has a 12-month low of $30.41 and a 12-month high of $41.66. The company’s fifty day simple moving average is $35.98 and its 200 day simple moving average is $36.59. 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 (NYSE:AXTA) last issued its 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. The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. Axalta Coating Systems’s revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 earnings per share. As a group, sell-side analysts forecast that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Axalta Coating Systems news, insider Troy D. Weaver sold 10,457 shares of the company’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 represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on AXTA. KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Citigroup cut shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their price target for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. Mizuho reduced their price objective on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. StockNews.com lowered shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Finally, Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.08.

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.