Tudor Investment Corp ET AL Has $5.37 Million Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Tudor Investment Corp ET AL lowered its position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 56.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 156,944 shares of the specialty chemicals company's stock after selling 199,580 shares during the quarter. Tudor Investment Corp ET AL owned 0.07% of Axalta Coating Systems worth $5,371,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AXTA. Quarry LP grew its position in Axalta Coating Systems by 397.4% in the fourth quarter. Quarry LP now owns 4,676 shares of the specialty chemicals company's stock valued at $160,000 after purchasing an additional 3,736 shares in the last quarter. Boothbay Fund Management LLC bought a new position in shares of Axalta Coating Systems in the 4th quarter valued at about $436,000. Nebula Research & Development LLC acquired a new stake in shares of Axalta Coating Systems in the fourth quarter valued at about $1,055,000. Hancock Whitney Corp bought a new stake in Axalta Coating Systems during the fourth quarter worth about $597,000. Finally, Fuller & Thaler Asset Management Inc. boosted its position in Axalta Coating Systems by 54.9% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 5,587,090 shares of the specialty chemicals company's stock valued at $191,190,000 after purchasing an additional 1,980,296 shares during the last quarter. 98.28% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AXTA shares. Citigroup dropped their price objective on 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. BNP Paribas upgraded shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target for the company in a research note on Thursday, April 10th. Barclays boosted their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 5th. 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 note on Friday, January 17th. Finally, Wells Fargo & Company lowered their price target on Axalta Coating Systems from $42.00 to $37.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $41.36.

Insider Transactions 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 shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the sale, the insider now owns 74,905 shares in the company, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by insiders.

Axalta Coating Systems Stock Performance

Shares of NYSE:AXTA opened at $32.49 on Thursday. Axalta Coating Systems Ltd. has a 12-month low of $27.70 and a 12-month high of $41.66. The company's 50 day moving average price is $33.00 and its two-hundred day moving average price is $35.74. The firm has a market cap of $7.10 billion, a PE ratio of 18.25, a PEG ratio of 0.92 and a beta of 1.33. 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 - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Equities research analysts predict that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Axalta Coating Systems 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.

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