Centiva Capital LP Has $534,000 Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Centiva Capital LP trimmed its stake in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 41.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,601 shares of the specialty chemicals company's stock after selling 10,961 shares during the period. Centiva Capital LP's holdings in Axalta Coating Systems were worth $534,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AXTA. Bridgefront Capital LLC boosted its holdings in Axalta Coating Systems by 15.6% in the fourth quarter. Bridgefront Capital LLC now owns 25,488 shares of the specialty chemicals company's stock valued at $872,000 after purchasing an additional 3,433 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Axalta Coating Systems in the 4th quarter valued at approximately $56,215,000. Baldwin Investment Management LLC acquired a new position in Axalta Coating Systems during the fourth quarter worth $703,000. Bayesian Capital Management LP purchased a new stake in shares of Axalta Coating Systems in the fourth quarter valued at $1,098,000. Finally, Algert Global LLC boosted its holdings in Axalta Coating Systems by 19.5% in the 4th quarter. Algert Global LLC now owns 181,153 shares of the specialty chemicals company's stock worth $6,199,000 after acquiring an additional 29,498 shares during the period. Institutional investors own 98.28% of the company's stock.

Axalta Coating Systems Stock Performance

AXTA traded up $1.57 on Monday, reaching $32.67. The company had a trading volume of 4,424,187 shares, compared to its average volume of 2,022,735. The stock has a 50-day moving average price of $32.45 and a 200-day moving average price of $35.54. Axalta Coating Systems Ltd. has a 1 year low of $27.70 and a 1 year high of $41.66. The stock has a market capitalization of $7.14 billion, a PE ratio of 18.36, a P/E/G ratio of 0.92 and a beta of 1.35. 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 (NYSE:AXTA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The specialty chemicals company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.29 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. The business's revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. As a group, research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wolfe Research raised Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 target price for the company in a research note on Friday, January 17th. Morgan Stanley decreased their price objective on shares of Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Thursday. Citigroup lowered their price target on Axalta Coating Systems from $42.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Barclays increased their price objective 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. Finally, StockNews.com downgraded Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.60.

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.