The Emerald Acquisition Ltd. Acquires 29,690 Shares of Axalta Coating Systems Ltd. (AXTA)

The Emerald Acquisition Ltd. Acquires 29,690  Shares of Axalta Coating Systems Ltd. (AXTA)

Emerald Acquisition Ltd. acquired a new position in shares of Axalta Coating Systems Ltd. (NYSE:AXTA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 29,690 shares of the company’s stock, valued at approximately $788,000.

A number of other large investors also recently modified their holdings of AXTA. Aperio Group LLC acquired a new stake in shares of Axalta Coating Systems during the first quarter valued at $256,000. Nisa Investment Advisors L.L.C. acquired a new stake in shares of Axalta Coating Systems during the first quarter valued at $429,000. TIAA CREF Investment Management LLC increased its stake in shares of Axalta Coating Systems by 5.7% in the first quarter. TIAA CREF Investment Management LLC now owns 254,922 shares of the company’s stock valued at $7,444,000 after buying an additional 13,796 shares during the last quarter. Teachers Advisors Inc. increased its stake in shares of Axalta Coating Systems by 6.5% in the first quarter. Teachers Advisors Inc. now owns 98,851 shares of the company’s stock valued at $2,886,000 after buying an additional 6,043 shares during the last quarter. Finally, BlackRock Group LTD increased its stake in shares of Axalta Coating Systems by 1.1% in the first quarter. BlackRock Group LTD now owns 1,916,755 shares of the company’s stock valued at $55,971,000 after buying an additional 20,815 shares during the last quarter. Institutional investors and hedge funds own 99.27% of the company’s stock.

Axalta Coating Systems Ltd. (NYSE:AXTA) traded up 0.58% during mid-day trading on Thursday, hitting $26.15. The stock had a trading volume of 1,075,739 shares. The stock has a market cap of $6.25 billion, a P/E ratio of 41.64 and a beta of 1.62. The firm has a 50-day moving average of $27.98 and a 200-day moving average of $28.13. Axalta Coating Systems Ltd. has a 52-week low of $20.67 and a 52-week high of $30.45.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, July 26th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. The firm earned $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Axalta Coating Systems had a net margin of 3.76% and a return on equity of 20.89%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. On average, analysts forecast that Axalta Coating Systems Ltd. will post $1.16 EPS for the current fiscal year.

AXTA has been the topic of several research reports. JPMorgan Chase & Co. set a $30.00 price objective on Axalta Coating Systems and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday. Barclays PLC reaffirmed a “hold” rating on shares of Axalta Coating Systems in a research report on Thursday, July 28th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $34.00 target price on shares of Axalta Coating Systems in a research report on Thursday, September 8th. Finally, Nomura reaffirmed a “buy” rating on shares of Axalta Coating Systems in a research report on Tuesday, July 12th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Axalta Coating Systems has an average rating of “Buy” and an average price target of $32.69.

In other Axalta Coating Systems news, CEO Charles W. Shaver sold 24,237 shares of the business’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $28.05, for a total value of $679,847.85. Following the sale, the chief executive officer now owns 728,061 shares of the company’s stock, valued at $20,422,111.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert W. Bryant sold 227,654 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $28.33, for a total value of $6,449,437.82. Following the completion of the sale, the chief financial officer now directly owns 294,256 shares in the company, valued at approximately $8,336,272.48. The disclosure for this sale can be found here. 2.79% of the stock is owned by company insiders.

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. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base.

Related posts

Leave a Comment