Bryce Point Capital LLC Acquires New Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Bryce Point Capital LLC bought a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 15,977 shares of the specialty chemicals company’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC grew its holdings in shares of Axalta Coating Systems by 116.3% during the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 443 shares in the last quarter. Millburn Ridgefield Corp bought a new position in shares of Axalta Coating Systems during the 3rd quarter worth approximately $41,000. Jones Financial Companies Lllp raised its holdings in shares of 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. lifted its position in shares of Axalta Coating Systems by 35.4% in the fourth quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company’s stock worth $72,000 after purchasing an additional 547 shares in the last quarter. Finally, Plato Investment Management Ltd boosted its holdings in Axalta Coating Systems by 156.4% during the fourth quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company’s stock worth $77,000 after purchasing an additional 1,365 shares during the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

NYSE:AXTA opened at $33.87 on Thursday. The firm’s fifty day moving average price is $35.65 and its two-hundred day moving average price is $36.54. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. The company has a market cap of $7.39 billion, a P/E ratio of 19.03, a P/E/G ratio of 0.92 and a beta of 1.33. Axalta Coating Systems Ltd. has a one year low of $30.41 and a one year high of $41.66.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.09. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business’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 EPS. Equities analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Insider Transactions at Axalta Coating Systems

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 stock was sold at an average price of $37.57, for a total value of $392,869.49. Following the transaction, the insider now directly owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This represents a 12.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AXTA. Mizuho lowered their price target 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. Deutsche Bank Aktiengesellschaft reduced their price target 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. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research report on Tuesday, December 17th. Citigroup downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Finally, StockNews.com downgraded shares of Axalta Coating Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Axalta Coating Systems has an average rating of “Moderate Buy” and an average target price of $43.08.

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.