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Axalta Coating Systems Ltd. is purchased by Assetmark Inc. for 36,217 shares (NYSE:AXTA)

Axalta Coating Systems Ltd. is purchased by Assetmark Inc. for 36,217 shares (NYSE:AXTA)

The most recent statement that the company has submitted to the Securities and Exchange Commission (SEC) indicates that Assetmark Inc. increased the amount of money it invested in Axalta Coating Systems Ltd. (NYSE: AXTA) during the third quarter. The institutional investor now has a total of 91,249 shares of stock in the specialty chemicals company in their possession after making an additional acquisition of 36,217 shares during the period in question. This brings the total number of shares owned by the investor to 91,249; Assetmark Inc. disclosed to the Securities and Exchange Commission in its most recent report that the value of the company’s holdings in Axalta Coating Systems was $1,922,000. This information was included in the report.

Various institutional investors, including hedge funds and other types of investors, have been active buyers and sellers of the stocks the company has issued. Axalta Coating Systems received a financial contribution of $730,000 from Dupont Capital Management Corporation during the third quarter of 2018. The amount of Axalta Coating Systems stock owned by Comerica Bank increased by 1.7% during the third quarter due to the bank’s recent purchases. Comerica Bank now owns a total of 65,508 shares of the specialty chemicals company’s stock after making an additional purchase of 1,105 shares during the most recent quarter. The bank’s holdings are currently valued at a combined total of $1,542,000. Prospera Financial Services Inc. completed increasing its shareholding in Axalta Coating Systems by 10.9% during the third fiscal quarter. Prospera Financial Services Inc. now has 11,165 shares of the specialty chemicals company’s stock following the purchase of an additional 1,100 shares during the most recent quarter. The total value of these shares is $235,000. Allspring Global Investments Holdings LLC increased the proportion of Axalta Coating Systems stock owned by 1.4% during the third quarter. Allspring Global Investments Holdings LLC now has a total of 2,247,118 shares of the specialty chemicals company’s stock after purchasing an additional 31,220 shares during the most recent quarter. This brings the total number of shares owned by the company to 2,247,118. The value of these shares on the market as of right now is $47,324,000. And finally, during the third quarter, Raymond James & Associates increased the proportion of Axalta Coating Systems stock held within its portfolio by 1.2%. After making additional purchases totaling 5,346 shares during the most recent fiscal quarter, Raymond James & Associates now holds a total of 438,528 of the company’s shares in the specialty chemicals business. The value of these shares on the market as of right now is $9,235,000.

Recent studies have concentrated on AXTA, which has resulted in multiple investigations being conducted into the topic. In a research note published on January 11, UBS Group upgraded Axalta Coating Systems to a “buy” rating and increased their price target for the company from $29.00 to $31.00. BNP Paribas changed their recommendation on Axalta Coating Systems from “outperform” to “neutral,” They now have a price objective of $27.00 for the company. In addition, they have lowered their price target for the stock to $27.00. On Friday, October 28, the findings of a study were divulged to the general public in a presentation. In a research note published on Monday, October 17, Deutsche Bank Aktiengesellschaft lowered its price target for Axalta Coating Systems from $28.00 to $25.00 and downgraded the company’s rating from “hold” to “sell.”

Additionally, it changed its price target for Axalta Coating Systems from “hold” to “sell.” On Thursday, October 13, the Goldman Sachs Group announced the publication of the first research study that will serve as the basis for their coverage of Axalta Coating Systems. They recommended that the company “buy” the stock and establish a price objective of $29.00. Last but not least, on January 12, the recommendation that had been given for Axalta Coating Systems in the research report that had been published on StockNews.com was changed from “buy” to “hold.” Five research analysts have recommended that investors buy the company’s stock, nine have suggested that investors maintain their current holdings, and one has suggested that investors sell the stock. According to the data made available by Bloomberg, the current rating for Axalta Coating Systems is “Hold,” and the price objective established for the company is $28.08.

When trading started on Tuesday, the price of a share of Axalta Coating Systems was $27.27. The debt-to-equity ratio comes in at 2.78, while the quick ratio stands at 1.36. Both the current and quick ratios are at 1.98, but the quick ratio is only at 1.36. The stock’s simple moving average over the past 50 days is $26.09, and its simple moving average over the past 200 days is, respectively, $24.81. The company has a PE ratio of 30.64, a PEG ratio of 1.71, and a beta value of 1.36, and its market capitalization is currently sitting at 6.02 billion dollars. Axalta Coating Systems Ltd. hit a low point over the past year of operations of $20.66, while the company reached a 52-week high of $33.16.

Axalta Coating Systems (NYSE: AXTA) made public the most recent quarterly earnings report it had prepared on October 25, a Tuesday. The earnings per share (EPS) that the specialty chemicals company reported for the previous quarter came in at $0.39, which was in line with the $0.39 average projection that was made. The revenue for the quarter was $1.24 billion, which is significantly higher than the analysts’ predictions of $1.20 billion in revenue for the quarter. Axalta Coating Systems had a return on equity of 22.19%, while the net margin for the company was 4.20%. In comparison to the same period the previous year, the company’s quarterly revenue increased by 13.8%. Earnings per share for the company were $0.39 for the same period last year compared to the same period. Axalta Coating Systems Ltd. is expected to generate earnings of $1.46 per share this year, according to market watchers’ projections.

The high-performance coating systems that Axalta Coating Solutions Ltd. manufactures are then sold and distributed throughout the regions of North America, Europe, the Middle East, and Africa, as well as the Asia Pacific region, by the company’s subsidiaries. Additionally, it conducts business in Latin America, one of the regions in which it operates. Performance coatings and transportation coatings are the two primary areas of the company’s business that it operates in. The company provides water-borne and solvent-borne products and systems to cater to the automotive repair requirements of individual body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

Are you interested in learning more about the other hedge funds that hold positions in AXTA? By going to HoldingsChannel.com, you can investigate the most recent 13F filings and insider transactions about Axalta Coating Systems Ltd. (NYSE: AXTA).

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