Oppenheimer Asset Management Inc. Has $2.28 Million Holdings in Axalta Coating Systems Ltd (AXTA)

Oppenheimer Asset Management Inc. raised its stake in Axalta Coating Systems Ltd (NYSE:AXTA) by 30.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 78,277 shares of the specialty chemicals company’s stock after buying an additional 18,321 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Axalta Coating Systems were worth $2,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AXTA. Dimensional Fund Advisors LP grew its position in shares of Axalta Coating Systems by 24.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,190,574 shares of the specialty chemicals company’s stock valued at $35,943,000 after buying an additional 233,505 shares during the last quarter. Jane Street Group LLC grew its position in shares of Axalta Coating Systems by 28.6% in the 1st quarter. Jane Street Group LLC now owns 9,902 shares of the specialty chemicals company’s stock valued at $299,000 after buying an additional 2,202 shares during the last quarter. LPL Financial LLC bought a new stake in shares of Axalta Coating Systems in the 1st quarter valued at about $365,000. Legal & General Group Plc grew its position in shares of Axalta Coating Systems by 2.4% in the 1st quarter. Legal & General Group Plc now owns 340,463 shares of the specialty chemicals company’s stock valued at $10,279,000 after buying an additional 7,897 shares during the last quarter. Finally, Cerebellum GP LLC bought a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at about $176,000.

AXTA has been the topic of a number of recent analyst reports. KeyCorp dropped their price objective on Axalta Coating Systems from $36.00 to $31.00 and set an “overweight” rating on the stock in a research note on Friday, October 26th. Citigroup dropped their price objective on Axalta Coating Systems from $33.00 to $28.00 and set a “neutral” rating on the stock in a research note on Thursday, October 11th. Zacks Investment Research raised Axalta Coating Systems from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. JPMorgan Chase & Co. raised Axalta Coating Systems from a “neutral” rating to an “overweight” rating and set a $33.00 price objective on the stock in a research note on Friday, July 27th. Finally, BMO Capital Markets dropped their price objective on Axalta Coating Systems from $34.00 to $28.00 and set a “hold” rating on the stock in a research note on Friday, October 26th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $31.36.

In other news, VP Sean M. Lannon sold 8,480 shares of the stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $30.00, for a total value of $254,400.00. Following the completion of the sale, the vice president now directly owns 18,856 shares of the company’s stock, valued at $565,680. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Steven R. Markevich sold 16,197 shares of the stock in a transaction that occurred on Tuesday, October 2nd. The stock was sold at an average price of $29.17, for a total value of $472,466.49. Following the completion of the sale, the executive vice president now directly owns 161,697 shares of the company’s stock, valued at $4,716,701.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 345,391 shares of company stock worth $10,268,682. 2.30% of the stock is owned by company insiders.

AXTA stock opened at $25.46 on Friday. Axalta Coating Systems Ltd has a fifty-two week low of $23.65 and a fifty-two week high of $38.20. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.63 and a current ratio of 2.23. The company has a market cap of $5.87 billion, a P/E ratio of 18.64, a PEG ratio of 1.34 and a beta of 1.26.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings results on Thursday, October 25th. The specialty chemicals company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.03. Axalta Coating Systems had a return on equity of 22.53% and a net margin of 1.49%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.16 billion. On average, equities research analysts forecast that Axalta Coating Systems Ltd will post 1.26 earnings per share for the current year.

Axalta Coating Systems Company Profile

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.

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

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