Axalta Coating Systems Ltd (AXTA) Holdings Raised by Nissay Asset Management Corp Japan ADV

Nissay Asset Management Corp Japan ADV grew its holdings in Axalta Coating Systems Ltd (NYSE:AXTA) by 4.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,215 shares of the specialty chemicals company’s stock after acquiring an additional 770 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Axalta Coating Systems were worth $510,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. We Are One Seven LLC acquired a new position in shares of Axalta Coating Systems during the fourth quarter worth about $40,000. Covington Capital Management acquired a new position in shares of Axalta Coating Systems during the fourth quarter worth about $68,000. ETF Managers Group LLC boosted its position in shares of Axalta Coating Systems by 15.8% during the fourth quarter. ETF Managers Group LLC now owns 4,318 shares of the specialty chemicals company’s stock worth $101,000 after buying an additional 588 shares during the period. Ffcm LLC boosted its position in shares of Axalta Coating Systems by 186.1% during the fourth quarter. Ffcm LLC now owns 4,532 shares of the specialty chemicals company’s stock worth $106,000 after buying an additional 2,948 shares during the period. Finally, Berman Capital Advisors LLC acquired a new position in shares of Axalta Coating Systems during the fourth quarter worth about $135,000. Institutional investors own 98.12% of the company’s stock.

Shares of NYSE AXTA opened at $24.98 on Thursday. Axalta Coating Systems Ltd has a 52 week low of $21.58 and a 52 week high of $32.48. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 2.98. The company has a market cap of $5.88 billion, a P/E ratio of 19.52, a P/E/G ratio of 1.21 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, April 24th. The specialty chemicals company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.21 by $0.13. Axalta Coating Systems had a return on equity of 24.42% and a net margin of 3.90%. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Axalta Coating Systems Ltd will post 1.72 EPS for the current year.

Several research analysts recently commented on AXTA shares. BMO Capital Markets set a $32.00 price target on Axalta Coating Systems and gave the company a “hold” rating in a research report on Friday, April 26th. JPMorgan Chase & Co. cut Axalta Coating Systems from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $30.00 to $27.00 in a research report on Friday, April 26th. Finally, Zacks Investment Research raised Axalta Coating Systems from a “strong sell” rating to a “hold” rating and set a $30.00 price target for the company in a research report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $30.09.

In other Axalta Coating Systems news, Director Charles W. Shaver sold 2,180 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $27.10, for a total value of $59,078.00. Following the sale, the director now owns 244,549 shares in the company, valued at $6,627,277.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Charles W. Shaver sold 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $26.71, for a total value of $13,355,000.00. Following the completion of the sale, the director now owns 394,656 shares in the company, valued at approximately $10,541,261.76. The disclosure for this sale can be found here. Insiders sold 867,048 shares of company stock worth $22,868,084 in the last 90 days. Corporate insiders own 2.10% of the company’s stock.

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Axalta Coating Systems Profile

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings systems. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers 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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