Yousif Capital Management LLC Sells 528 Shares of Axalta Coating Systems Ltd. (NYSE:AXTA)

Yousif Capital Management LLC lessened its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,972 shares of the specialty chemicals company’s stock after selling 528 shares during the quarter. Yousif Capital Management LLC’s holdings in Axalta Coating Systems were worth $3,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. South Dakota Investment Council bought a new position in shares of Axalta Coating Systems during the 4th quarter valued at about $520,000. Cetera Trust Company N.A purchased a new stake in Axalta Coating Systems in the fourth quarter worth approximately $258,000. CWM LLC grew its position in Axalta Coating Systems by 23.2% during the fourth quarter. CWM LLC now owns 3,049 shares of the specialty chemicals company’s stock valued at $104,000 after acquiring an additional 575 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Axalta Coating Systems by 2,001.1% during the fourth quarter. Federated Hermes Inc. now owns 622,797 shares of the specialty chemicals company’s stock worth $21,156,000 after acquiring an additional 593,156 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Axalta Coating Systems by 10.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,271 shares of the specialty chemicals company’s stock worth $1,674,000 after acquiring an additional 4,477 shares during the last quarter. Institutional investors own 98.28% of the company’s stock.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock opened at $31.22 on Friday. The business has a 50 day moving average of $32.66 and a 200 day moving average of $31.69. Axalta Coating Systems Ltd. has a 52 week low of $25.03 and a 52 week high of $34.53. The company has a market cap of $6.89 billion, a PE ratio of 26.02, a P/E/G ratio of 1.01 and a beta of 1.51. The company has a quick ratio of 1.46, a current ratio of 1.98 and a debt-to-equity ratio of 1.96.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Thursday, February 8th. The specialty chemicals company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.01). Axalta Coating Systems had a return on equity of 20.70% and a net margin of 5.16%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.38 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, equities research analysts forecast that Axalta Coating Systems Ltd. will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

AXTA has been the topic of several recent research reports. UBS Group lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and increased their target price for the company from $35.00 to $36.00 in a report on Monday, January 8th. JPMorgan Chase & Co. raised their price objective on Axalta Coating Systems from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Wolfe Research initiated coverage on Axalta Coating Systems in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Citigroup increased their target price on Axalta Coating Systems from $38.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company lifted their price target on Axalta Coating Systems from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, Axalta Coating Systems currently has a consensus rating of “Hold” and a consensus target price of $35.70.

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.