Axalta Coating Systems Ltd (AXTA) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Axalta Coating Systems Ltd (NYSE:AXTA) by 122.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 43,205 shares of the specialty chemicals company’s stock after buying an additional 23,747 shares during the quarter. SG Americas Securities LLC’s holdings in Axalta Coating Systems were worth $1,260,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA lifted its holdings in shares of Axalta Coating Systems by 31.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 25,598 shares of the specialty chemicals company’s stock worth $776,000 after acquiring an additional 6,154 shares during the period. Aperio Group LLC lifted its holdings in shares of Axalta Coating Systems by 11.2% during the 2nd quarter. Aperio Group LLC now owns 42,969 shares of the specialty chemicals company’s stock worth $1,302,000 after acquiring an additional 4,331 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Axalta Coating Systems by 7.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,788,186 shares of the specialty chemicals company’s stock worth $54,199,000 after acquiring an additional 131,381 shares during the period. First Trust Advisors LP lifted its holdings in shares of Axalta Coating Systems by 3.0% during the 2nd quarter. First Trust Advisors LP now owns 62,701 shares of the specialty chemicals company’s stock worth $1,900,000 after acquiring an additional 1,834 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Axalta Coating Systems by 142.3% during the 2nd quarter. Sei Investments Co. now owns 208,025 shares of the specialty chemicals company’s stock worth $6,305,000 after acquiring an additional 122,160 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

AXTA stock opened at $23.79 on Friday. The company has a market cap of $5.87 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.34 and a beta of 1.37. Axalta Coating Systems Ltd has a 1 year low of $23.65 and a 1 year high of $33.30. The company has a quick ratio of 1.63, a current ratio of 2.23 and a debt-to-equity ratio of 2.86.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Thursday, October 25th. The specialty chemicals company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.03. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Axalta Coating Systems had a net margin of 1.49% and a return on equity of 22.53%. As a group, research analysts expect that Axalta Coating Systems Ltd will post 1.27 earnings per share for the current fiscal year.

In related news, EVP Steven R. Markevich sold 16,197 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $29.17, for a total transaction of $472,466.49. Following the completion of the transaction, the executive vice president now directly owns 161,697 shares in the company, valued at approximately $4,716,701.49. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Monday, October 1st. Citigroup lowered their price objective on shares of Axalta Coating Systems from $33.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday, October 11th. Nomura lowered their price objective on shares of Axalta Coating Systems from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, October 15th. KeyCorp lowered their price objective on shares of Axalta Coating Systems from $36.00 to $31.00 and set an “overweight” rating for the company in a research report on Friday, October 26th. Finally, ValuEngine cut shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $31.40.

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About Axalta Coating Systems

Axalta Coating Systems Ltd. manufactures, markets, and distributes coatings systems. It operates through the following segments: Performance Coatings and Transportation Coatings. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base. The Transportation Coatings segment offers advanced coatings technologies to original equipment manufacturers of light and commercial vehicles.

Read More: Cost of Capital Explained

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

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