Aigen Investment Management LP Has $317,000 Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Aigen Investment Management LP lessened its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 53.7% during the 4th quarter, Holdings Channel reports. The firm owned 9,253 shares of the specialty chemicals company’s stock after selling 10,746 shares during the quarter. Aigen Investment Management LP’s holdings in Axalta Coating Systems were worth $317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AXTA. Victory Capital Management Inc. boosted its stake in shares of 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 purchasing an additional 988,397 shares in the last quarter. PointState Capital LP acquired a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at $30,257,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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 purchasing an additional 381,488 shares in the last quarter. Atom Investors LP boosted its stake in shares of Axalta Coating Systems by 198.6% in 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 in the last quarter. Finally, Verition Fund Management LLC boosted its stake in shares of Axalta Coating Systems by 55.6% in the 3rd quarter. Verition Fund Management LLC now owns 621,376 shares of the specialty chemicals company’s stock valued at $22,488,000 after purchasing an additional 221,943 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AXTA. Mizuho cut their price target on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Barclays lifted their price target on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. 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 report on Friday, January 17th. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Finally, BMO Capital Markets boosted their price objective on Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $43.08.

Insider Activity at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of the firm’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 completion of the transaction, the insider now directly owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.40% of the stock is owned by insiders.

Axalta Coating Systems Price Performance

Shares of AXTA opened at $34.97 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.47 and a current ratio of 2.01. The stock has a 50 day simple moving average of $35.98 and a 200 day simple moving average of $36.70. Axalta Coating Systems Ltd. has a 52-week low of $30.41 and a 52-week high of $41.65. The firm has a market capitalization of $7.63 billion, a PE ratio of 19.64, a P/E/G ratio of 0.92 and a beta of 1.45.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data 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 return on equity of 26.29% and a net margin of 7.41%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the firm earned $0.43 EPS. Axalta Coating Systems’s quarterly revenue was up 1.1% compared to the same quarter last year. Sell-side analysts predict that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal 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.