Guggenheim Capital LLC Has $855,000 Position in Axalta Coating Systems Ltd (NYSE:AXTA)

Guggenheim Capital LLC lessened its holdings in Axalta Coating Systems Ltd (NYSE:AXTA) by 27.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,311 shares of the specialty chemicals company’s stock after selling 10,644 shares during the quarter. Guggenheim Capital LLC’s holdings in Axalta Coating Systems were worth $855,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AXTA. Blue Harbour Group L.P. raised its position in shares of Axalta Coating Systems by 137.7% in the 1st quarter. Blue Harbour Group L.P. now owns 2,878,000 shares of the specialty chemicals company’s stock valued at $86,887,000 after acquiring an additional 1,667,036 shares during the period. Element Capital Management LLC raised its position in shares of Axalta Coating Systems by 255.4% in the 1st quarter. Element Capital Management LLC now owns 1,067,810 shares of the specialty chemicals company’s stock valued at $32,237,000 after acquiring an additional 767,356 shares during the period. Artisan Partners Limited Partnership raised its position in shares of Axalta Coating Systems by 20.3% in the 1st quarter. Artisan Partners Limited Partnership now owns 4,069,385 shares of the specialty chemicals company’s stock valued at $122,855,000 after acquiring an additional 686,560 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of Axalta Coating Systems by 6.1% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 10,889,676 shares of the specialty chemicals company’s stock valued at $328,759,000 after acquiring an additional 629,102 shares during the period. Finally, Sentry Investments Corp. raised its position in shares of Axalta Coating Systems by 110.2% in the 1st quarter. Sentry Investments Corp. now owns 908,000 shares of the specialty chemicals company’s stock valued at $27,413,000 after acquiring an additional 476,000 shares during the period.

In other news, VP Sean M. Lannon sold 3,892 shares of the business’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $31.12, for a total transaction of $121,119.04. Following the sale, the vice president now directly owns 25,273 shares in the company, valued at $786,495.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven R. Markevich sold 88,479 shares of the company’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $31.32, for a total value of $2,771,162.28. Following the completion of the sale, the executive vice president now owns 323,875 shares in the company, valued at $10,143,765. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 624,840 shares of company stock worth $19,517,021. Company insiders own 2.30% of the company’s stock.

AXTA has been the topic of a number of analyst reports. Seaport Global Securities downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 17th. BMO Capital Markets increased their price target on shares of Axalta Coating Systems from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Thursday, April 26th. JPMorgan Chase & Co. raised their target price on shares of Axalta Coating Systems from $32.00 to $33.00 and gave the stock an “overweight” rating in a report on Thursday, April 26th. Bank of America upgraded shares of Axalta Coating Systems from an “underperform” rating to a “neutral” rating and set a $35.00 price objective on the stock in a report on Friday, April 27th. Finally, Zacks Investment Research upgraded shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a report on Friday, April 27th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Axalta Coating Systems presently has a consensus rating of “Hold” and an average price target of $33.77.

Shares of NYSE AXTA opened at $30.03 on Friday. The company has a debt-to-equity ratio of 2.73, a current ratio of 2.27 and a quick ratio of 1.67. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 1.64 and a beta of 1.28. Axalta Coating Systems Ltd has a 12 month low of $28.04 and a 12 month high of $38.20.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, July 25th. The specialty chemicals company reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.22 billion. Axalta Coating Systems had a return on equity of 21.32% and a net margin of 2.97%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.31 earnings per share. sell-side analysts predict that Axalta Coating Systems Ltd will post 1.27 earnings per share for the current year.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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

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