Cinctive Capital Management LP Has $895,000 Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Cinctive Capital Management LP trimmed its stake in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) by 15.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,722 shares of the specialty chemicals company’s stock after selling 4,637 shares during the quarter. Cinctive Capital Management LP’s holdings in Axalta Coating Systems were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AXTA. First Horizon Advisors Inc. grew its stake 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 buying an additional 266 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Axalta Coating Systems by 14.1% in the 3rd quarter. Signaturefd LLC now owns 3,599 shares of the specialty chemicals company’s stock worth $130,000 after acquiring an additional 444 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Axalta Coating Systems by 0.4% in the 2nd quarter. Wedge Capital Management L L P NC now owns 110,555 shares of the specialty chemicals company’s stock worth $3,778,000 after acquiring an additional 453 shares in the last quarter. Venturi Wealth Management LLC grew its position in Axalta Coating Systems by 30.2% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,964 shares of the specialty chemicals company’s stock worth $71,000 after acquiring an additional 455 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its holdings in Axalta Coating Systems by 4.4% during the 3rd quarter. Verdence Capital Advisors LLC now owns 11,162 shares of the specialty chemicals company’s stock valued at $404,000 after purchasing an additional 473 shares in the last quarter. 98.28% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AXTA has been the topic of several research analyst reports. KeyCorp increased their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Mizuho increased their price objective on shares of Axalta Coating Systems from $42.00 to $43.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. BMO Capital Markets boosted their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 13th. Royal Bank of Canada increased their price target on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Evercore ISI assumed coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $42.45.

Axalta Coating Systems Stock Performance

Shares of Axalta Coating Systems stock opened at $40.33 on Wednesday. The firm has a fifty day moving average of $37.93 and a two-hundred day moving average of $36.05. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.42 and a current ratio of 2.00. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 0.87 and a beta of 1.44. Axalta Coating Systems Ltd. has a 52 week low of $30.40 and a 52 week high of $41.65.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings data on Wednesday, October 30th. The specialty chemicals company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.08. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 6.22%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up .8% compared to the same quarter last year. As a group, equities research analysts predict that Axalta Coating Systems Ltd. will post 2.16 EPS for the current year.

Axalta Coating Systems Company 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.