Axalta Coating Systems Ltd (AXTA) Position Increased by Lapides Asset Management LLC

Lapides Asset Management LLC increased its stake in Axalta Coating Systems Ltd (NYSE:AXTA) by 121.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,600 shares of the specialty chemicals company’s stock after purchasing an additional 23,900 shares during the period. Lapides Asset Management LLC’s holdings in Axalta Coating Systems were worth $1,271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in AXTA. BlackRock Inc. raised its position in Axalta Coating Systems by 5.0% during the 2nd quarter. BlackRock Inc. now owns 11,018,312 shares of the specialty chemicals company’s stock worth $333,966,000 after buying an additional 527,527 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Axalta Coating Systems by 40.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,860,207 shares of the specialty chemicals company’s stock worth $141,724,000 after buying an additional 1,390,710 shares during the last quarter. Artisan Partners Limited Partnership raised its position in Axalta Coating Systems by 0.6% during the 2nd quarter. Artisan Partners Limited Partnership now owns 4,092,929 shares of the specialty chemicals company’s stock worth $124,057,000 after buying an additional 23,544 shares during the last quarter. Millennium Management LLC raised its position in Axalta Coating Systems by 30.1% during the 2nd quarter. Millennium Management LLC now owns 3,736,910 shares of the specialty chemicals company’s stock worth $113,266,000 after buying an additional 863,979 shares during the last quarter. Finally, FMR LLC raised its position in Axalta Coating Systems by 8.1% during the 2nd quarter. FMR LLC now owns 3,723,288 shares of the specialty chemicals company’s stock worth $112,853,000 after buying an additional 279,374 shares during the last quarter.

AXTA has been the subject of a number of recent research reports. Seaport Global Securities raised shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Monday. Barclays reduced their price target on shares of Axalta Coating Systems from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Friday, October 26th. BMO Capital Markets reduced their price target on shares of Axalta Coating Systems from $34.00 to $28.00 and set a “hold” rating for the company in a research report on Friday, October 26th. Zacks Investment Research raised shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Finally, Nomura reduced their price target on shares of Axalta Coating Systems from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $31.36.



NYSE:AXTA opened at $24.60 on Wednesday. The company has a quick ratio of 1.63, a current ratio of 2.23 and a debt-to-equity ratio of 2.86. The company has a market cap of $5.79 billion, a PE ratio of 20.67, a PEG ratio of 1.31 and a beta of 1.26. Axalta Coating Systems Ltd has a 1-year low of $23.65 and a 1-year high of $38.20.

Axalta Coating Systems (NYSE:AXTA) last posted its earnings results on Thursday, October 25th. The specialty chemicals company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.16 billion. Axalta Coating Systems had a net margin of 1.49% and a return on equity of 22.53%. Analysts expect that Axalta Coating Systems Ltd will post 1.26 earnings per share for the current fiscal year.

In other news, VP Sean M. Lannon sold 1,500 shares of Axalta Coating Systems stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $30.02, for a total transaction of $45,030.00. Following the completion of the transaction, the vice president now directly owns 18,856 shares of the company’s stock, valued at approximately $566,057.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert M. Mclaughlin sold 4,920 shares of the business’s stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $30.33, for a total transaction of $149,223.60. Following the completion of the sale, the director now directly owns 39,442 shares of the company’s stock, valued at approximately $1,196,275.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 345,391 shares of company stock valued at $10,268,682. Insiders own 2.10% of the company’s stock.

Axalta Coating Systems Profile

Axalta Coating Systems Ltd. manufactures, markets, and distributes coatings systems. It operates through the following segments: Performance Coatings and Transportation Coatings. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles.

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Institutional Ownership by Quarter for Axalta Coating Systems (NYSE:AXTA)

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