PDT Partners LLC Sells 12,514 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

PDT Partners LLC reduced its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 14.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 72,554 shares of the specialty chemicals company's stock after selling 12,514 shares during the quarter. PDT Partners LLC's holdings in Axalta Coating Systems were worth $2,483,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC boosted its stake in Axalta Coating Systems by 116.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 443 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Axalta Coating Systems by 60.7% in the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock valued at $45,000 after purchasing an additional 498 shares during the last quarter. UMB Bank n.a. grew its holdings in Axalta Coating Systems by 35.4% during the fourth 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 Axalta Coating Systems by 156.4% in the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after buying an additional 1,365 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Axalta Coating Systems by 31.4% in the fourth quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock valued at $88,000 after buying an additional 617 shares during the period. Institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Price Performance

Axalta Coating Systems stock traded up $0.88 during mid-day trading on Friday, hitting $33.21. 2,491,349 shares of the company traded hands, compared to its average volume of 1,989,724. 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 Ltd. has a one year low of $27.70 and a one year high of $41.66. The stock has a market cap of $7.26 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 0.92 and a beta of 1.35. The stock has a fifty day moving average price of $32.85 and a 200-day moving average price of $35.69.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.09. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The firm's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. On average, equities analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Troy D. Weaver sold 10,457 shares of the 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 of the company's stock, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.40% of the company's stock.

Wall Street Analysts Forecast Growth

AXTA has been the subject of several research reports. Wells Fargo & Company cut their price target on Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Wolfe Research upgraded shares of 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 report on Friday, January 17th. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target on the stock in a research report on Thursday, April 10th. Citigroup dropped their price target on shares of Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays boosted their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a report on Wednesday, February 5th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $41.36.

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.