World Asset Management Inc increased its stake in shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) by 13.5% during the second quarter, Holdings Channel reports. The fund owned 9,777 shares of the specialty chemicals company’s stock after buying an additional 1,160 shares during the period. World Asset Management Inc’s holdings in Axalta Coating Systems were worth $313,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Axalta Coating Systems by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,772 shares of the specialty chemicals company’s stock valued at $174,000 after buying an additional 294 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Axalta Coating Systems by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 6,300 shares of the specialty chemicals company’s stock valued at $203,000 after buying an additional 900 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of Axalta Coating Systems during the first quarter valued at $210,000. Chevy Chase Trust Holdings Inc. bought a new stake in shares of Axalta Coating Systems during the second quarter valued at $212,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Axalta Coating Systems by 46.8% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,900 shares of the specialty chemicals company’s stock valued at $222,000 after buying an additional 2,200 shares during the last quarter.

Axalta Coating Systems Ltd (AXTA) opened at 28.97 on Wednesday. Axalta Coating Systems Ltd has a one year low of $24.27 and a one year high of $34.10. The firm has a 50-day moving average price of $31.43 and a 200 day moving average price of $31.27. The company has a market cap of $7.04 billion and a price-to-earnings ratio of 2897.00.

Axalta Coating Systems (NASDAQ:AXTA) last announced its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.08. Axalta Coating Systems had a negative net margin of 1.73% and a negative return on equity of 6.61%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts expect that Axalta Coating Systems Ltd will post $1.31 earnings per share for the current fiscal year.

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Several equities research analysts have recently weighed in on AXTA shares. TheStreet raised Axalta Coating Systems from a “c” rating to a “b” rating in a research note on Wednesday, April 26th. Jefferies Group LLC restated a “buy” rating on shares of Axalta Coating Systems in a research report on Wednesday, April 26th. Zacks Investment Research upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Wednesday, June 28th. BidaskClub upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, UBS AG restated a “buy” rating and set a $39.00 target price (up previously from $37.00) on shares of Axalta Coating Systems in a research report on Tuesday, June 6th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $33.63.

In other Axalta Coating Systems news, VP Sean M. Lannon sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $33.00, for a total transaction of $165,000.00. Following the transaction, the vice president now owns 16,286 shares in the company, valued at approximately $537,438. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Samuel L. Smolik bought 4,000 shares of Axalta Coating Systems stock in a transaction on 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 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. In the last 90 days, insiders have sold 164,500 shares of company stock worth $5,294,085.

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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