Livforsakringsbolaget Skandia Omsesidigt Has $131,000 Position in Axalta Coating Systems Ltd (NASDAQ:AXTA)

Livforsakringsbolaget Skandia Omsesidigt maintained its stake in shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,100 shares of the specialty chemicals company’s stock at the end of the second quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Axalta Coating Systems were worth $131,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AXTA. US Bancorp DE boosted its stake in Axalta Coating Systems by 0.5% in the first quarter. US Bancorp DE now owns 14,234 shares of the specialty chemicals company’s stock worth $458,000 after buying an additional 74 shares in the last quarter. Creative Planning boosted its stake in Axalta Coating Systems by 0.9% in the first quarter. Creative Planning now owns 9,684 shares of the specialty chemicals company’s stock worth $312,000 after buying an additional 89 shares in the last quarter. ProShare Advisors LLC boosted its stake in Axalta Coating Systems by 0.9% in the first quarter. ProShare Advisors LLC now owns 16,703 shares of the specialty chemicals company’s stock worth $538,000 after buying an additional 157 shares in the last quarter. Aristotle Capital Management LLC boosted its stake in Axalta Coating Systems by 0.3% in the first quarter. Aristotle Capital Management LLC now owns 70,900 shares of the specialty chemicals company’s stock worth $2,283,000 after buying an additional 180 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in Axalta Coating Systems by 1.4% in the first quarter. HighTower Advisors LLC now owns 15,520 shares of the specialty chemicals company’s stock worth $499,000 after buying an additional 209 shares in the last quarter.

Axalta Coating Systems Ltd (NASDAQ:AXTA) opened at 32.50 on Friday. The company has a market capitalization of $7.87 billion and a price-to-earnings ratio of 107.62. Axalta Coating Systems Ltd has a 12-month low of $24.27 and a 12-month high of $34.10. The firm has a 50-day moving average of $32.85 and a 200 day moving average of $31.02.

Axalta Coating Systems (NASDAQ:AXTA) last announced its quarterly earnings results on Wednesday, April 26th. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Axalta Coating Systems had a net margin of 6.50% and a return on equity of 21.46%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $994.43 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Axalta Coating Systems Ltd will post $1.40 EPS for the current fiscal year.

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A number of research firms have recently issued reports on AXTA. BidaskClub cut shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Jefferies Group LLC set a $36.00 target price on shares of Axalta Coating Systems and gave the stock a “buy” rating in a research note on Saturday, March 25th. Instinet cut shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Friday, April 21st. UBS AG restated a “buy” rating and set a $39.00 target price (up previously from $37.00) on shares of Axalta Coating Systems in a research note on Tuesday, June 6th. Finally, Zacks Investment Research cut shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $34.12.

In other news, CEO Charles W. Shaver sold 179,487 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $31.32, for a total value of $5,621,532.84. Following the sale, the chief executive officer now directly owns 528,907 shares of the company’s stock, valued at $16,565,367.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven R. Markevich sold 30,874 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $31.39, for a total transaction of $969,134.86. Following the completion of the sale, the executive vice president now directly owns 202,293 shares in the company, valued at $6,349,977.27. The disclosure for this sale can be found here. Over the last three months, insiders sold 443,289 shares of company stock worth $14,039,963.

About Axalta Coating Systems

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.