Trust Co Of Oklahoma Lowers stake in Axalta Coating Systems Ltd (AXTA)

Axalta Coating Systems Ltd (AXTA) : Trust Co Of Oklahoma reduced its stake in Axalta Coating Systems Ltd by 1.04% during the most recent quarter end. The investment management company now holds a total of 9,500 shares of Axalta Coating Systems Ltd which is valued at $254,220 after selling 100 shares in Axalta Coating Systems Ltd , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Axalta Coating Systems Ltd makes up approximately 0.14% of Trust Co Of Oklahoma’s portfolio.

Other Hedge Funds, Including , Simplex Trading reduced its stake in AXTA by selling 11,463 shares or 93.94% in the most recent quarter. The Hedge Fund company now holds 740 shares of AXTA which is valued at $19,802.Bnp Paribas Arbitrage Sa reduced its stake in AXTA by selling 64,262 shares or 42.9% in the most recent quarter. The Hedge Fund company now holds 85,546 shares of AXTA which is valued at $2,399,565. Axalta Coating Systems Ltd makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio. Independent Portfolio Consultants sold out all of its stake in AXTA during the most recent quarter. The investment firm sold 340 shares of AXTA which is valued $9,537. Washington Trust Bank added AXTA to its portfolio by purchasing 32 company shares during the most recent quarter which is valued at $898.Norman Fields Gottscho Capital Management boosted its stake in AXTA in the latest quarter, The investment management firm added 18,250 additional shares and 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 approx 3.67% of Norman Fields Gottscho Capital Management’s portfolio.

Axalta Coating Systems Ltd closed down -1.35 points or -4.80% at $26.76 with 57,28,228 shares getting traded on Friday. Post opening the session at $27.91, the shares hit an intraday low of $26.67 and an intraday high of $28.07 and the price fluctuated in this range throughout the day.Shares ended Friday 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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