Argent Capital Management LLC maintained its stake in Axalta Coating Systems Ltd (NASDAQ:AXTA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,500 shares of the specialty chemicals company’s stock at the end of the second quarter. Argent Capital Management LLC’s holdings in Axalta Coating Systems were worth $401,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in Axalta Coating Systems by 14.4% in the 2nd 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 period. State Street Corp increased its stake in shares of Axalta Coating Systems by 11.2% during the second quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock valued at $116,710,000 after buying an additional 365,915 shares during the period. Janus Henderson Group PLC increased its stake in shares of Axalta Coating Systems by 8,917.7% during the second quarter. Janus Henderson Group PLC now owns 2,210,694 shares of the specialty chemicals company’s stock valued at $70,831,000 after buying an additional 2,186,179 shares during the period. Macquarie Group Ltd. increased its stake in shares of Axalta Coating Systems by 26.3% during the second quarter. Macquarie Group Ltd. now owns 766,665 shares of the specialty chemicals company’s stock valued at $24,564,000 after buying an additional 159,769 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Axalta Coating Systems by 62.0% during the second quarter. Goldman Sachs Group Inc. now owns 2,347,838 shares of the specialty chemicals company’s stock valued at $75,225,000 after buying an additional 898,678 shares during the period.

Shares of Axalta Coating Systems Ltd (NASDAQ AXTA) traded down 1.25% during midday trading on Wednesday, hitting $28.40. The company had a trading volume of 312,325 shares. The company has a market capitalization of $6.91 billion and a PE ratio of 2840.00. The company has a 50-day moving average of $29.23 and a 200-day moving average of $31.03. Axalta Coating Systems Ltd has a 12 month low of $24.27 and a 12 month high of $34.10.

Axalta Coating Systems (NASDAQ:AXTA) last released its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.08). Axalta Coating Systems had a negative return on equity of 6.61% and a negative net margin of 1.73%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the company earned $0.34 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts predict that Axalta Coating Systems Ltd will post $1.30 earnings per share for the current year.

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Several research firms have recently issued reports on AXTA. Nomura raised Axalta Coating Systems to a “buy” rating and reduced their target price for the company from $30.00 to $28.00 in a research note on Tuesday. Citigroup Inc. cut Axalta Coating Systems from a “neutral” rating to a “sell” rating and reduced their target price for the company from $31.00 to $25.00 in a research note on Tuesday. BidaskClub raised Axalta Coating Systems from a “strong sell” rating to a “sell” rating in a research note on Friday, October 6th. Royal Bank Of Canada reduced their target price on Axalta Coating Systems from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 27th. Finally, J P Morgan Chase & Co raised Axalta Coating Systems from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $29.00 to $31.00 in a research note on Friday, August 11th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Axalta Coating Systems has a consensus rating of “Hold” and a consensus price target of $32.23.

In other Axalta Coating Systems news, EVP Steven R. Markevich sold 160,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $29.37, for a total transaction of $4,699,200.00. Following the transaction, the executive vice president now owns 280,377 shares of the company’s stock, valued at $8,234,672.49. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Michael A. Cash sold 34,874 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $30.00, for a total value of $1,046,220.00. The disclosure for this sale can be found here. Insiders have sold 195,774 shares of company stock worth $5,771,898 in the last ninety days.

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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