Norman Fields Gottscho Capital Management buys $5,514,630 stake in Axalta Coating Systems Ltd (AXTA)

Axalta Coating Systems Ltd (AXTA) : Norman Fields Gottscho Capital Management scooped up 18,250 additional shares in Axalta Coating Systems Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 4, 2016. The investment management firm now holds a total of 196,600 shares of Axalta Coating Systems Ltd which is valued at $5,514,630.Axalta Coating Systems Ltd makes up approximately 3.67% of Norman Fields Gottscho Capital Management’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank added AXTA to its portfolio by purchasing 32 company shares during the most recent quarter which is valued at $898.

Axalta Coating Systems Ltd closed down -0.02 points or -0.07% at $28.07 with 24,93,057 shares getting traded on Tuesday. Post opening the session at $28.13, the shares hit an intraday low of $27.95 and an intraday high of $28.3 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Axalta Coating Systems Ltd reported $0.34 EPS for the quarter, based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus estimate of $0.34. The company had revenue of $1072.10 million for the quarter, compared to analysts expectations of $1065.35 million. The company’s revenue was down -2.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Axalta Coating Systems Ltd. Axalta Coating Systems Ltd was Resumed by Credit Suisse to “Outperform” on Sep 8, 2016. Gabelli & Co Initiated Axalta Coating Systems Ltd on Sep 1, 2016 to “Buy”, Price Target of the shares are set at $37.Company shares were Upgraded by Seaport Global Securities on Jul 27, 2016 to ” Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $34 .

Axalta Coating Systems Ltd. is a manufacturer marketer and distributor of coatings systems primarily serving the transportation industry. The Company operates in two business segments: 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. Through its Transportation Coatings segment the Company provides advanced coating technologies to original equipment manufacturer (OEMs) of light and commercial vehicles. Its products are offered in four key end-markets including the refinish automotive aftermarket industrial light vehicle or automotive original equipment manufacturers (OEM) market and commercial vehicle market. The Company’s products include liquid and powder coatings for motor vehicles OEMs the motor vehicle aftermarket and general industrial applications such as coatings for heavy equipment pipes appliances and electrical insulation.

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