UBS Asset Management Americas Inc. raised its holdings in shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) by 9.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 625,673 shares of the specialty chemicals company’s stock after buying an additional 53,007 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.26% of Axalta Coating Systems worth $20,047,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Axalta Coating Systems in the second quarter valued at about $108,000. Chicago Partners Investment Group LLC purchased a new position in shares of Axalta Coating Systems in the second quarter worth about $127,000. Commonwealth Bank of Australia lifted its stake in shares of Axalta Coating Systems by 18.1% in the second quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock worth $146,000 after buying an additional 703 shares in the last quarter. Acrospire Investment Management LLC lifted its stake in shares of Axalta Coating Systems by 257.0% in the second quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company’s stock worth $156,000 after buying an additional 3,500 shares in the last quarter. Finally, Airain ltd purchased a new position in shares of Axalta Coating Systems in the second quarter worth about $207,000.

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In other Axalta Coating Systems news, VP Sean M. Lannon sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 12th. The stock was 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 in the company, valued at approximately $537,438. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Samuel L. Smolik purchased 4,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was acquired at an average price of $28.16 per share, with a total value of $112,640.00. Following the completion of the acquisition, the director now directly owns 4,000 shares in the company, valued at approximately $112,640. The disclosure for this purchase can be found here.

AXTA has been the topic of a number of recent research reports. BidaskClub lowered shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Jefferies Group LLC reiterated a “buy” rating on shares of Axalta Coating Systems in a report on Thursday, July 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $36.00 price objective on shares of Axalta Coating Systems in a report on Thursday, July 6th. Bank of America Corporation lowered shares of Axalta Coating Systems from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $36.00 to $30.00 in a research note on Wednesday, June 21st. Finally, TheStreet lowered shares of Axalta Coating Systems from a “b” rating to a “c” rating in a research note on Thursday, August 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Axalta Coating Systems currently has an average rating of “Hold” and an average target price of $33.29.

Shares of Axalta Coating Systems Ltd (AXTA) opened at 28.92 on Monday. Axalta Coating Systems Ltd has a 52-week low of $24.27 and a 52-week high of $34.10. The stock’s 50 day moving average is $29.17 and its 200 day moving average is $31.22. The stock has a market cap of $7.03 billion and a price-to-earnings ratio of 2892.00.

Axalta Coating Systems (NASDAQ:AXTA) last posted its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.08). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. On average, equities analysts expect that Axalta Coating Systems Ltd will post $1.30 earnings per share for the current fiscal year.

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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