Old Mutual Global Investors UK Ltd. Invests $1 Million in Axalta Coating Systems Ltd (AXTA)

Old Mutual Global Investors UK Ltd. bought a new stake in Axalta Coating Systems Ltd (NYSE:AXTA) in the 4th quarter, Holdings Channel reports. The firm bought 31,000 shares of the specialty chemicals company’s stock, valued at approximately $1,003,000.

Several other institutional investors have also recently bought and sold shares of the company. Diamond Hill Capital Management Inc. lifted its holdings in shares of Axalta Coating Systems by 3.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 10,292,166 shares of the specialty chemicals company’s stock valued at $297,649,000 after purchasing an additional 308,016 shares during the last quarter. Davis Selected Advisers lifted its holdings in shares of Axalta Coating Systems by 30.1% in the 3rd quarter. Davis Selected Advisers now owns 9,402,305 shares of the specialty chemicals company’s stock valued at $271,921,000 after purchasing an additional 2,173,915 shares during the last quarter. State Street Corp lifted its holdings in shares of Axalta Coating Systems by 11.2% in the 2nd quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock valued at $116,710,000 after purchasing an additional 365,915 shares during the last quarter. Artisan Partners Limited Partnership purchased a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at about $94,884,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Axalta Coating Systems by 13.1% in the 3rd quarter. Janus Henderson Group PLC now owns 2,501,040 shares of the specialty chemicals company’s stock valued at $72,330,000 after purchasing an additional 290,346 shares during the last quarter. 99.32% of the stock is owned by institutional investors and hedge funds.

Axalta Coating Systems Ltd (AXTA) opened at $30.56 on Friday. The stock has a market capitalization of $7,453.58, a PE ratio of 25.47, a P/E/G ratio of 1.66 and a beta of 1.38. Axalta Coating Systems Ltd has a 52-week low of $27.77 and a 52-week high of $38.20. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.05. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Axalta Coating Systems had a return on equity of 20.93% and a net margin of 0.84%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.16) EPS. equities analysts expect that Axalta Coating Systems Ltd will post 1.34 earnings per share for the current fiscal year.

In other Axalta Coating Systems news, VP Sean M. Lannon sold 1,080 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $30.77, for a total transaction of $33,231.60. Following the transaction, the vice president now owns 14,243 shares in the company, valued at approximately $438,257.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Michael F. Finn sold 3,950 shares of the business’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total value of $129,007.00. Following the transaction, the senior vice president now owns 108,818 shares in the company, valued at approximately $3,553,995.88. The disclosure for this sale can be found here. Insiders sold a total of 473,902 shares of company stock worth $14,498,467 in the last 90 days. 2.30% of the stock is currently owned by insiders.

Several analysts have recently weighed in on AXTA shares. Credit Suisse Group boosted their target price on Axalta Coating Systems from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, November 6th. Zacks Investment Research downgraded Axalta Coating Systems from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. TheStreet downgraded Axalta Coating Systems from a “b-” rating to a “c+” rating in a report on Thursday, December 28th. Robert W. Baird reissued a “buy” rating and issued a $35.00 target price on shares of Axalta Coating Systems in a report on Monday, October 30th. Finally, KeyCorp reissued an “overweight” rating and issued a $40.00 target price (up from $36.00) on shares of Axalta Coating Systems in a report on Tuesday, November 28th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Axalta Coating Systems has a consensus rating of “Hold” and an average target price of $33.50.

WARNING: “Old Mutual Global Investors UK Ltd. Invests $1 Million in Axalta Coating Systems Ltd (AXTA)” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://stocknewstimes.com/2018/02/18/old-mutual-global-investors-uk-ltd-invests-1-million-in-axalta-coating-systems-ltd-axta.html.

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. 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.

Want to see what other hedge funds are holding AXTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axalta Coating Systems Ltd (NYSE:AXTA).

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

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply