Norman Fields Gottscho Capital Management LLC boosted its position in Axalta Coating Systems Ltd (NASDAQ:AXTA) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 244,320 shares of the specialty chemicals company’s stock after purchasing an additional 1,735 shares during the quarter. Axalta Coating Systems makes up 4.3% of Norman Fields Gottscho Capital Management LLC’s portfolio, making the stock its 5th biggest position. Norman Fields Gottscho Capital Management LLC owned approximately 0.10% of Axalta Coating Systems worth $7,066,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. purchased a new stake in shares of Axalta Coating Systems during the second quarter valued at $108,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Axalta Coating Systems during the second quarter valued at $127,000. Commonwealth Bank of Australia boosted its position in shares of Axalta Coating Systems by 18.1% during the second quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock valued at $146,000 after buying an additional 703 shares during the last quarter. Acrospire Investment Management LLC boosted its position in shares of Axalta Coating Systems by 257.0% during the second quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company’s stock valued at $156,000 after buying an additional 3,500 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Axalta Coating Systems by 217.3% during the second quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 3,837 shares during the last quarter.

Several research firms recently commented on AXTA. BidaskClub cut Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. Citigroup Inc. dropped their price objective on Axalta Coating Systems from $33.00 to $31.00 and set a “buy” rating on the stock in a research report on Monday, August 7th. Instinet reaffirmed a “neutral” rating and set a $28.00 price objective (down from $30.00) on shares of Axalta Coating Systems in a research report on Friday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $36.00 price objective on shares of Axalta Coating Systems in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Axalta Coating Systems in a research report on Thursday, July 6th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Axalta Coating Systems presently has an average rating of “Hold” and a consensus target price of $32.14.

In related news, Director Samuel L. Smolik bought 4,000 shares of the stock in a transaction dated Monday, August 7th. The shares were purchased at an average price of $28.16 per share, for a total transaction of $112,640.00. Following the completion of the purchase, the director now directly owns 4,000 shares of the company’s stock, valued at $112,640. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven R. Markevich sold 160,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $29.37, for a total value of $4,699,200.00. Following the completion of the sale, the executive vice president now owns 280,377 shares in the company, valued at approximately $8,234,672.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 195,774 shares of company stock worth $5,771,898.

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Shares of Axalta Coating Systems Ltd (NASDAQ AXTA) traded up 0.335% on Tuesday, reaching $28.445. The company’s stock had a trading volume of 1,000,533 shares. Axalta Coating Systems Ltd has a 12-month low of $24.27 and a 12-month high of $34.10. The stock has a market cap of $6.92 billion and a PE ratio of 2844.500. The firm has a 50 day moving average price of $29.13 and a 200-day moving average price of $30.96.

Axalta Coating Systems (NASDAQ:AXTA) last posted its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.08). The firm had revenue of $1.09 billion for 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 firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.34 EPS. Equities research analysts expect that Axalta Coating Systems Ltd will post $1.15 EPS for the current year.

Axalta Coating Systems 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.

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

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