Cinctive Capital Management LP Grows Position in Axalta Coating Systems Ltd. (NYSE:AXTA)

Cinctive Capital Management LP lifted its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 112.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,436 shares of the specialty chemicals company's stock after purchasing 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 quarter.

A number of other hedge funds also recently modified their holdings of AXTA. Cerity Partners LLC raised its stake in Axalta Coating Systems by 168.4% in the 3rd quarter. Cerity Partners LLC now owns 29,481 shares of the specialty chemicals company's stock valued at $1,067,000 after acquiring an additional 18,496 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Axalta Coating Systems by 151.7% in the third 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 valued at $22,909,000 after purchasing an additional 381,488 shares during the period. Captrust Financial Advisors lifted its stake in shares of Axalta Coating Systems by 12.9% during the 3rd quarter. Captrust Financial Advisors now owns 18,940 shares of the specialty chemicals company's stock valued at $685,000 after buying an additional 2,165 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Axalta Coating Systems by 139.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,728 shares of the specialty chemicals company's stock valued at $207,000 after buying an additional 3,340 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in Axalta Coating Systems in the 3rd quarter valued at approximately $326,000. Institutional investors own 98.28% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wolfe Research upgraded Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 target price on the stock in a research report on Friday, January 17th. KeyCorp restated a "sector weight" rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Wells Fargo & Company decreased their price target on Axalta Coating Systems from $45.00 to $42.00 and set an "equal weight" rating on the stock in a research report on Thursday. StockNews.com lowered shares of Axalta Coating Systems from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th. Finally, Citigroup cut shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $45.00 to $41.00 in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.00.

Insider Buying and Selling 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 dated Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the completion of the sale, the insider now directly owns 74,905 shares in the company, valued at $2,814,180.85. This represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.40% of the company's stock.

Axalta Coating Systems Price Performance

NYSE:AXTA traded down $0.18 during midday trading on Monday, hitting $29.55. The company had a trading volume of 4,857,068 shares, compared to its average volume of 2,009,590. The company has a market capitalization of $6.45 billion, a PE ratio of 16.60, a P/E/G 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 Ltd. has a 52-week low of $28.35 and a 52-week high of $41.66. The stock's fifty day moving average price is $35.41 and its 200-day moving average price is $36.47.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.31 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The company's revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. As a group, research analysts expect 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.