Berkshire Hathaway Inc. continued to hold its position in Axalta Coating Systems Ltd (NASDAQ:AXTA) during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,324,000 shares of the specialty chemicals company’s stock at the close of the 2nd quarter. Axalta Coating Systems accounts for approximately 0.5% of Berkshire Hathaway Inc.’s portfolio, making the stock its 26th biggest position. Berkshire Hathaway Inc. owned 9.59% of Axalta Coating Systems worth $747,301,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in AXTA. Russell Investments Group Ltd. increased its stake in Axalta Coating Systems by 226.4% during the 1st quarter. Russell Investments Group Ltd. now owns 37,233 shares of the specialty chemicals company’s stock valued at $1,199,000 after purchasing an additional 25,825 shares in the last quarter. US Bancorp DE increased its stake in Axalta Coating Systems by 0.5% during the 1st quarter. US Bancorp DE now owns 14,234 shares of the specialty chemicals company’s stock valued at $458,000 after purchasing an additional 74 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Axalta Coating Systems by 2.4% during the 1st quarter. Bank of New York Mellon Corp now owns 745,367 shares of the specialty chemicals company’s stock valued at $24,000,000 after purchasing an additional 17,171 shares in the last quarter. Comerica Bank increased its stake in Axalta Coating Systems by 8.9% during the 1st quarter. Comerica Bank now owns 8,422 shares of the specialty chemicals company’s stock valued at $269,000 after purchasing an additional 687 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its stake in Axalta Coating Systems by 20.4% during the 1st quarter. UBS Asset Management Americas Inc. now owns 572,666 shares of the specialty chemicals company’s stock valued at $18,440,000 after purchasing an additional 96,878 shares in the last quarter.

A number of research firms have weighed in on AXTA. BidaskClub upgraded shares of Axalta Coating Systems from a “strong sell” rating to a “sell” rating in a research note on Friday. Royal Bank Of Canada reduced their price objective on shares of Axalta Coating Systems from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Wednesday, September 27th. J P Morgan Chase & Co upgraded shares of Axalta Coating Systems from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $29.00 to $31.00 in a research note on Friday, August 11th. Jefferies Group LLC restated a “buy” rating and set a $34.00 price objective (down from $36.00) on shares of Axalta Coating Systems in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Axalta Coating Systems from a “buy” rating to a “sell” rating in a research note on Monday, August 7th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $33.08.

Shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) traded up 1.70% during mid-day trading on Friday, hitting $30.53. 2,855,415 shares of the stock were exchanged. The firm has a market cap of $7.42 billion and a price-to-earnings ratio of 3053.00. The stock has a 50-day moving average price of $29.23 and a 200 day moving average price of $31.06. Axalta Coating Systems Ltd has a 52-week low of $24.27 and a 52-week high of $34.10.

Axalta Coating Systems (NASDAQ:AXTA) last announced its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.08). The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Axalta Coating Systems had a negative net margin of 1.73% and a negative return on equity of 6.61%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.34 earnings per share. On average, equities research analysts expect that Axalta Coating Systems Ltd will post $1.30 earnings per share for the current year.

In related news, VP Sean M. Lannon sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $33.00, for a total value of $165,000.00. Following the completion of the transaction, the vice president now directly owns 16,286 shares of the company’s stock, valued at approximately $537,438. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Samuel L. Smolik acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $28.16 per share, with a total value of $112,640.00. Following the completion of the transaction, the director now directly owns 4,000 shares in the company, valued at $112,640. The disclosure for this purchase can be found here. Insiders sold a total of 200,774 shares of company stock valued at $5,936,898 over the last ninety days.

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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.

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

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