Axalta Coating Systems Ltd. (NYSE:AXTA) Stock Holdings Increased by Cinctive Capital Management LP

Cinctive Capital Management LP increased its stake in Axalta Coating Systems Ltd. (NYSE:AXTA) by 112.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,436 shares of the specialty chemicals company’s stock after acquiring an additional 27,714 shares during the period. Cinctive Capital Management LP’s holdings in Axalta Coating Systems were worth $1,794,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Axalta Coating Systems in the 4th quarter worth approximately $87,850,000. Victory Capital Management Inc. grew its holdings in shares of Axalta Coating Systems by 9.6% during the fourth quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock valued at $387,439,000 after buying an additional 988,397 shares in the last quarter. Jupiter Asset Management Ltd. grew its stake in Axalta Coating Systems by 35.4% during the 4th quarter. Jupiter Asset Management Ltd. now owns 1,620,459 shares of the specialty chemicals company’s stock valued at $55,452,000 after acquiring an additional 423,883 shares in the last quarter. Schroder Investment Management Group acquired a new position in Axalta Coating Systems in the 4th quarter valued at approximately $13,512,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 worth $22,909,000 after buying an additional 381,488 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Axalta Coating Systems Stock Performance

Shares of AXTA opened at $31.57 on Friday. The company has a market capitalization of $6.89 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.47. Axalta Coating Systems Ltd. has a one year low of $30.41 and a one year high of $41.66. The company’s fifty day moving average price is $35.55 and its 200 day moving average price is $36.50.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.31 billion. During the same period in the previous year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AXTA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Mizuho dropped their target price on Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company reduced their price target on Axalta Coating Systems from $45.00 to $42.00 and set an “equal weight” rating for the company in a report on Thursday. Wolfe Research upgraded Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a report on Friday, January 17th. Finally, Barclays lifted their target price on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Insider Transactions at Axalta Coating Systems

In other news, insider Troy D. Weaver sold 10,457 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $37.57, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company’s stock.

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.