Axalta Coating Systems Ltd (AXTA) Holdings Raised by Amalgamated Bank
Amalgamated Bank raised its position in Axalta Coating Systems Ltd (NASDAQ:AXTA) by 68.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,421 shares of the specialty chemicals company’s stock after purchasing an additional 16,383 shares during the period. Amalgamated Bank’s holdings in Axalta Coating Systems were worth $1,295,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at approximately $108,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at approximately $127,000. Commonwealth Bank of Australia increased its position in shares of Axalta Coating Systems by 18.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock valued at $146,000 after purchasing an additional 703 shares during the last quarter. Airain ltd purchased a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at approximately $207,000. Finally, Prudential Financial Inc. purchased a new stake in shares of Axalta Coating Systems in the 1st quarter valued at approximately $210,000.
In other Axalta Coating Systems news, SVP Joseph F. Mcdougall sold 40,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $32.13, for a total transaction of $1,285,200.00. Following the completion of the sale, the senior vice president now owns 142,551 shares in the company, valued at $4,580,163.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven R. Markevich sold 160,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $29.37, for a total transaction of $4,699,200.00. Following the sale, the executive vice president now owns 280,377 shares of the company’s stock, valued at approximately $8,234,672.49. The disclosure for this sale can be found here. In the last 90 days, insiders sold 319,500 shares of company stock valued at $9,828,285.
AXTA has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Barclays PLC reissued an “equal weight” rating and issued a $33.00 price objective (down from $34.00) on shares of Axalta Coating Systems in a research report on Friday, August 4th. TheStreet downgraded shares of Axalta Coating Systems from a “b” rating to a “c” rating in a research report on Thursday, August 3rd. Susquehanna Bancshares Inc started coverage on shares of Axalta Coating Systems in a research report on Tuesday, July 18th. They issued a “neutral” rating and a $37.00 target price on the stock. Finally, Zacks Investment Research raised shares of Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $33.36.
Shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) opened at 29.03 on Friday. The company’s 50-day moving average is $29.17 and its 200-day moving average is $31.22. The firm has a market cap of $7.06 billion and a PE ratio of 2903.00. Axalta Coating Systems Ltd has a 52 week low of $24.27 and a 52 week high of $34.10.
Axalta Coating Systems (NASDAQ:AXTA) last issued its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.08). The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.12 billion. Axalta Coating Systems had a negative return on equity of 6.61% and a negative net margin of 1.73%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.34 EPS. Analysts forecast that Axalta Coating Systems Ltd will post $1.30 EPS for the current fiscal year.
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Axalta Coating Systems Company Profile
Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.
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