Quadrature Capital Ltd Has $257,000 Stake in Axalta Coating Systems Ltd. (NYSE:AXTA)

Quadrature Capital Ltd trimmed its position in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 74.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,110 shares of the specialty chemicals company's stock after selling 20,580 shares during the period. Quadrature Capital Ltd's holdings in Axalta Coating Systems were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Plato Investment Management Ltd acquired a new position in Axalta Coating Systems in the second quarter valued at approximately $30,000. First Horizon Advisors Inc. raised its holdings in Axalta Coating Systems by 35.2% during the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 266 shares in the last quarter. True Wealth Design LLC bought a new stake in Axalta Coating Systems during the third quarter worth approximately $37,000. Millburn Ridgefield Corp bought a new stake in Axalta Coating Systems during the third quarter worth approximately $41,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Axalta Coating Systems in the third quarter valued at $54,000. 98.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on AXTA shares. Barclays lifted their price objective on shares of Axalta Coating Systems from $42.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. KeyCorp lifted 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 report on Thursday, October 31st. Royal Bank of Canada boosted their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an "outperform" rating in a report on Friday, November 1st. BMO Capital Markets upped their price objective on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an "outperform" rating in a report on Wednesday, November 13th. Finally, Evercore ISI started coverage on shares of Axalta Coating Systems in a report on Wednesday, November 13th. They issued an "outperform" rating and a $47.00 price objective for the company. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $42.45.

Axalta Coating Systems Stock Performance

Shares of AXTA traded down $0.29 during trading hours on Wednesday, reaching $38.92. 593,092 shares of the company traded hands, compared to its average volume of 1,981,362. The stock's fifty day moving average is $38.20 and its 200 day moving average is $36.19. The stock has a market cap of $8.49 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 0.86 and a beta of 1.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. Axalta Coating Systems Ltd. has a 1-year low of $30.40 and a 1-year high of $41.65.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its earnings results on Wednesday, October 30th. The specialty chemicals company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.08. The business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.32 billion. Axalta Coating Systems had a net margin of 6.22% and a return on equity of 24.92%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.45 earnings per share. Equities research analysts anticipate that Axalta Coating Systems Ltd. will post 2.16 earnings per share for the current fiscal 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.