Cubist Systematic Strategies LLC Has $12.93 Million Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Cubist Systematic Strategies LLC lowered its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 15.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 377,853 shares of the specialty chemicals company's stock after selling 69,765 shares during the quarter. Cubist Systematic Strategies LLC owned 0.17% of Axalta Coating Systems worth $12,930,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in AXTA. Eagle Bay Advisors LLC increased its holdings in Axalta Coating Systems by 116.3% during the 4th quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 443 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Axalta Coating Systems by 60.7% during the 4th quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 498 shares in the last quarter. UMB Bank n.a. raised its position in shares of Axalta Coating Systems by 35.4% during the 4th quarter. UMB Bank n.a. now owns 2,093 shares of the specialty chemicals company's stock worth $72,000 after purchasing an additional 547 shares during the last quarter. Plato Investment Management Ltd raised its position in shares of Axalta Coating Systems by 156.4% during the 4th quarter. Plato Investment Management Ltd now owns 2,238 shares of the specialty chemicals company's stock worth $77,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Axalta Coating Systems by 31.4% in the 4th quarter. Venturi Wealth Management LLC now owns 2,581 shares of the specialty chemicals company's stock valued at $88,000 after buying an additional 617 shares in the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on AXTA. BNP Paribas raised shares of Axalta Coating Systems from a "neutral" rating to an "outperform" rating and set a $38.00 price target on the stock in a research note on Thursday, April 10th. Mizuho set a $37.00 target price on Axalta Coating Systems in a report on Tuesday, April 15th. Morgan Stanley lowered their price objective on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a report on Thursday. Barclays lifted 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 report on Wednesday, February 5th. Finally, Wolfe Research upgraded shares of Axalta Coating Systems from a "peer perform" rating to an "outperform" rating and set a $41.00 price target on the stock in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.60.

Axalta Coating Systems Trading Up 5.0%

Shares of AXTA stock traded up $1.54 during trading hours on Monday, reaching $32.64. 2,134,344 shares of the stock traded hands, compared to its average volume of 2,188,468. The company has a quick ratio of 1.47, a current ratio of 2.01 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $7.13 billion, a PE ratio of 18.36, a PEG ratio of 0.92 and a beta of 1.35. Axalta Coating Systems Ltd. has a 1-year low of $27.70 and a 1-year high of $41.65. The business has a fifty day moving average price of $32.50 and a 200 day moving average price of $35.55.

Axalta Coating Systems (NYSE:AXTA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.59 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 analysts' expectations of $1.29 billion. Axalta Coating Systems had a return on equity of 26.29% and a net margin of 7.41%. Axalta Coating Systems's revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. On average, equities research analysts forecast that Axalta Coating Systems Ltd. will post 2.55 EPS for the current year.

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.