Cipher Capital LP Has $2.63 Million Holdings in Axalta Coating Systems Ltd. (AXTA)

Cipher Capital LP raised its position in Axalta Coating Systems Ltd. (NYSE:AXTA) by 41.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 90,986 shares of the specialty chemicals company’s stock after buying an additional 26,647 shares during the period. Cipher Capital LP’s holdings in Axalta Coating Systems were worth $2,631,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AXTA. Financial Counselors Inc. lifted its position in shares of Axalta Coating Systems by 3.3% during the second quarter. Financial Counselors Inc. now owns 7,145 shares of the specialty chemicals company’s stock worth $229,000 after purchasing an additional 225 shares during the last quarter. RiverPoint Capital Management LLC lifted its position in shares of Axalta Coating Systems by 1.9% during the second quarter. RiverPoint Capital Management LLC now owns 12,940 shares of the specialty chemicals company’s stock worth $415,000 after purchasing an additional 245 shares during the last quarter. Investment Counselors of Maryland LLC lifted its position in shares of Axalta Coating Systems by 0.7% during the second quarter. Investment Counselors of Maryland LLC now owns 51,401 shares of the specialty chemicals company’s stock worth $1,647,000 after purchasing an additional 375 shares during the last quarter. Commonwealth Bank of Australia lifted 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 worth $146,000 after purchasing an additional 703 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Axalta Coating Systems by 14.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,070 shares of the specialty chemicals company’s stock worth $291,000 after purchasing an additional 1,141 shares during the last quarter. 96.90% of the stock is owned by institutional investors.

Several equities analysts have recently commented on the stock. Citigroup Inc. reduced their price target on shares of 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. BidaskClub cut shares of Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Instinet reissued a “neutral” rating and issued a $28.00 target price (down previously from $30.00) on shares of Axalta Coating Systems in a report on Friday, October 13th. Robert W. Baird reissued a “buy” rating and issued a $35.00 target price on shares of Axalta Coating Systems in a report on Monday, October 30th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $34.00 target price on shares of Axalta Coating Systems in a report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $33.87.

In other Axalta Coating Systems news, SVP Michael A. Cash sold 34,874 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $30.00, for a total value of $1,046,220.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Steven R. Markevich sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $29.37, for a total transaction 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. Insiders sold 195,774 shares of company stock worth $5,771,898 in the last 90 days. 2.30% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: “Cipher Capital LP Has $2.63 Million Holdings in Axalta Coating Systems Ltd. (AXTA)” was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2017/11/20/cipher-capital-lp-has-2-63-million-holdings-in-axalta-coating-systems-ltd-axta.html.

Shares of Axalta Coating Systems Ltd. (AXTA) traded up $0.14 during trading hours on Monday, hitting $33.32. 1,864,400 shares of the company’s stock traded hands, compared to its average volume of 2,095,019. Axalta Coating Systems Ltd. has a 12 month low of $24.72 and a 12 month high of $34.47. The firm has a market capitalization of $8,120.00 and a price-to-earnings ratio of 30.02. The company has a quick ratio of 1.50, a current ratio of 2.11 and a debt-to-equity ratio of 2.69.

Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the business earned $0.33 earnings per share. Axalta Coating Systems’s revenue was up 6.8% compared to the same quarter last year. sell-side analysts anticipate that Axalta Coating Systems Ltd. will post 1.15 EPS 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.

Want to see what other hedge funds are holding AXTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Axalta Coating Systems Ltd. (NYSE:AXTA).

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

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

Latest News

Leave a Reply