Timucuan Asset Management Incfl buys $85,615,600 stake in Axalta Coating Systems Ltd (AXTA)

Axalta Coating Systems Ltd (AXTA) : Timucuan Asset Management Incfl scooped up 775,652 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 Aug 12, 2016. The investment management firm now holds a total of 3,057,700 shares of Axalta Coating Systems Ltd which is valued at $85,615,600.Axalta Coating Systems Ltd makes up approximately 7.25% of Timucuan Asset Management Incfl’s portfolio.

Other Hedge Funds, Including , Massachusetts Financial Services Co boosted its stake in AXTA in the latest quarter, The investment management firm added 523,704 additional shares and now holds a total of 4,270,363 shares of Axalta Coating Systems Ltd which is valued at $119,570,164. Axalta Coating Systems Ltd makes up approx 0.06% of Massachusetts Financial Services Co’s portfolio. Engineers Gate Manager Lp added AXTA to its portfolio by purchasing 202,175 company shares during the most recent quarter which is valued at $5,660,900. Axalta Coating Systems Ltd makes up approx 0.38% of Engineers Gate Manager Lp’s portfolio. Mutual Of America Capital Management added AXTA to its portfolio by purchasing 9,275 company shares during the most recent quarter which is valued at $261,370. Axalta Coating Systems Ltd makes up approx 0.01% of Mutual Of America Capital Management’s portfolio.Diversified Trust Co boosted its stake in AXTA in the latest quarter, The investment management firm added 7,788 additional shares and now holds a total of 15,878 shares of Axalta Coating Systems Ltd which is valued at $459,986. Axalta Coating Systems Ltd makes up approx 0.06% of Diversified Trust Co’s portfolio. Strs Ohio sold out all of its stake in AXTA during the most recent quarter. The investment firm sold 2,992 shares of AXTA which is valued $86,678.

Axalta Coating Systems Ltd opened for trading at $28.3 and hit $28.59 on the upside on Monday, eventually ending the session at $28.43, with a gain of 0.39% or 0.11 points. The heightened volatility saw the trading volume jump to 20,09,304 shares. Company has a market cap of $6,798 M.

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. 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 was Resumed by Credit Suisse to “Outperform” on Jun 27, 2016.

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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