Axalta Coating Systems Ltd (AXTA) Stake Increased by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Axalta Coating Systems Ltd (NYSE:AXTA) by 122.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,205 shares of the specialty chemicals company’s stock after buying an additional 23,747 shares during the quarter. SG Americas Securities LLC’s holdings in Axalta Coating Systems were worth $1,260,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Chicago Partners Investment Group LLC increased its position in shares of Axalta Coating Systems by 78.1% during the second quarter. Chicago Partners Investment Group LLC now owns 4,106 shares of the specialty chemicals company’s stock worth $124,000 after purchasing an additional 1,800 shares in the last quarter. First Trust Advisors LP increased its position in shares of Axalta Coating Systems by 3.0% during the second quarter. First Trust Advisors LP now owns 62,701 shares of the specialty chemicals company’s stock worth $1,900,000 after purchasing an additional 1,834 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Axalta Coating Systems by 19.6% during the second quarter. Gamco Investors INC. ET AL now owns 12,200 shares of the specialty chemicals company’s stock worth $370,000 after purchasing an additional 2,000 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Axalta Coating Systems by 113.6% during the second quarter. Moneta Group Investment Advisors LLC now owns 3,983 shares of the specialty chemicals company’s stock worth $121,000 after purchasing an additional 2,118 shares in the last quarter. Finally, Stone Ridge Asset Management LLC increased its position in shares of Axalta Coating Systems by 10.4% during the third quarter. Stone Ridge Asset Management LLC now owns 24,801 shares of the specialty chemicals company’s stock worth $723,000 after purchasing an additional 2,342 shares in the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

In other Axalta Coating Systems news, EVP Steven R. Markevich sold 16,197 shares of the business’s stock in a transaction on Tuesday, October 2nd. The stock was sold at an average price of $29.17, for a total transaction of $472,466.49. Following the transaction, the executive vice president now owns 161,697 shares of the company’s stock, valued at $4,716,701.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.30% of the company’s stock.

Several brokerages recently commented on AXTA. Nomura dropped their price target on Axalta Coating Systems from $34.00 to $29.00 and set a “neutral” rating for the company in a research report on Monday, October 15th. Barclays dropped their price target on Axalta Coating Systems from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Friday, October 26th. Zacks Investment Research cut Axalta Coating Systems from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 11th. ValuEngine cut Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Finally, BMO Capital Markets lowered 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 equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Axalta Coating Systems presently has an average rating of “Hold” and an average target price of $31.40.

NYSE AXTA opened at $23.79 on Friday. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 1.34 and a beta of 1.37. The company has a current ratio of 2.23, a quick ratio of 1.63 and a debt-to-equity ratio of 2.86. Axalta Coating Systems Ltd has a fifty-two week low of $23.65 and a fifty-two week high of $33.30.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Thursday, October 25th. The specialty chemicals company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.03. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. Axalta Coating Systems had a return on equity of 22.53% and a net margin of 1.49%. Equities analysts anticipate that Axalta Coating Systems Ltd will post 1.27 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This story was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.americanbankingnews.com/2018/12/08/axalta-coating-systems-ltd-axta-stake-increased-by-sg-americas-securities-llc.html.

Axalta Coating Systems 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.

Featured Article: Find a Trading Strategy That Works

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

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply