Sagefield Capital LP Decreases Stock Holdings in Axalta Coating Systems Ltd. (NYSE:AXTA)

Sagefield Capital LP lessened its holdings in Axalta Coating Systems Ltd. (NYSE:AXTA - Free Report) by 71.7% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,544 shares of the specialty chemicals company's stock after selling 26,745 shares during the period. Sagefield Capital LP's holdings in Axalta Coating Systems were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AXTA. Janney Montgomery Scott LLC boosted its position in Axalta Coating Systems by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 23,951 shares of the specialty chemicals company's stock worth $820,000 after purchasing an additional 323 shares during the last quarter. Principal Securities Inc. grew its position in shares of Axalta Coating Systems by 5.5% during the 4th quarter. Principal Securities Inc. now owns 6,378 shares of the specialty chemicals company's stock valued at $218,000 after acquiring an additional 332 shares during the period. CIBC Asset Management Inc increased its stake in shares of Axalta Coating Systems by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 6,744 shares of the specialty chemicals company's stock worth $231,000 after purchasing an additional 334 shares during the last quarter. ProShare Advisors LLC lifted its stake in Axalta Coating Systems by 2.9% in the fourth quarter. ProShare Advisors LLC now owns 12,242 shares of the specialty chemicals company's stock valued at $419,000 after purchasing an additional 343 shares during the last quarter. Finally, Optas LLC raised its stake in shares of Axalta Coating Systems by 7.3% in the fourth quarter. Optas LLC now owns 6,024 shares of the specialty chemicals company's stock valued at $206,000 after buying an additional 412 shares during the period. 98.28% of the stock is owned by institutional investors.

Axalta Coating Systems Price Performance

Shares of Axalta Coating Systems stock traded up $0.42 during trading on Thursday, hitting $31.71. 1,273,963 shares of the stock traded hands, compared to its average volume of 2,023,037. The firm's fifty day moving average is $32.18 and its 200-day moving average is $35.33. The stock has a market cap of $6.93 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.92 and a beta of 1.35. Axalta Coating Systems Ltd. has a 52 week low of $27.70 and a 52 week high of $41.66. 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 results on Wednesday, May 7th. The specialty chemicals company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.05. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.29 billion. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The business's quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business earned $0.48 earnings per share. Research analysts expect that Axalta Coating Systems Ltd. will post 2.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AXTA has been the subject of several research reports. Morgan Stanley cut their price target on Axalta Coating Systems from $40.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Wall Street Zen downgraded shares of Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, May 8th. 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 report on Thursday, April 10th. Mizuho set a $37.00 price objective on shares of Axalta Coating Systems in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group dropped their target price on Axalta Coating Systems from $46.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Axalta Coating Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.38.

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.