12th Street Asset Management Company LLC Has $8.16 Million Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

12th Street Asset Management Company LLC raised its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 28.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 238,327 shares of the specialty chemicals company’s stock after purchasing an additional 52,925 shares during the quarter. Axalta Coating Systems accounts for 1.3% of 12th Street Asset Management Company LLC’s investment portfolio, making the stock its 26th largest holding. 12th Street Asset Management Company LLC’s holdings in Axalta Coating Systems were worth $8,156,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Axalta Coating Systems by 9.6% in the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock valued at $387,439,000 after acquiring an additional 988,397 shares in the last quarter. PointState Capital LP acquired a new stake in Axalta Coating Systems in the 3rd quarter valued at about $30,257,000. Jupiter Asset Management Ltd. increased its position in Axalta Coating Systems by 35.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,620,459 shares of the specialty chemicals company’s stock valued at $55,452,000 after acquiring an additional 423,883 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 valued at $22,909,000 after acquiring an additional 381,488 shares in the last quarter. Finally, Atom Investors LP lifted its position in Axalta Coating Systems by 198.6% during the 3rd quarter. Atom Investors LP now owns 380,616 shares of the specialty chemicals company’s stock valued at $13,774,000 after purchasing an additional 253,142 shares during the period. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on AXTA shares. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research report on Friday, January 17th. Mizuho decreased their target price on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Citigroup lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $45.00 to $41.00 in a research report on Wednesday, December 18th. Finally, KeyCorp restated a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $43.08.

Axalta Coating Systems Stock Down 1.3 %

NYSE:AXTA opened at $33.43 on Friday. The stock has a 50-day simple moving average of $35.95 and a 200 day simple moving average of $36.65. Axalta Coating Systems Ltd. has a 52-week low of $30.41 and a 52-week high of $41.65. The company has a market cap of $7.29 billion, a PE ratio of 18.78, a PEG ratio of 0.92 and a beta of 1.45. 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 announced its earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (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 business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the firm earned $0.43 EPS. Axalta Coating Systems’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Insider Activity at Axalta Coating Systems

In related 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 completion of the transaction, the insider now directly owns 74,905 shares of the company’s stock, valued at approximately $2,814,180.85. This represents a 12.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.40% of the stock is 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.