Axalta Coating Systems Ltd. (NYSE:AXTA) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
Stay Ahead of the
Stock Market Game!
Subscribe to Small Cap
Exclusive for more

trending

Guess Who Just Picked Up Tocagen Inc. (NASDAQ:TOCA) ...
Here's Who Picked Nivalis Therapeutics Inc. (NASDAQ:...
Here's Who Just Picked Up Otonomy Inc. (NASDAQ:OTIC)...

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Axalta Coating Systems Ltd. (NYSE:AXTA) reported that Iridian Asset Management has picked up 13,631,067 of common stock as of 2017-02-02.

The acquisition brings the aggregate amount owned by Iridian Asset Management to a total of 13,631,067 representing a 5.7% stake in the company.

For those not familiar with the company, Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base. The Company, through its Transportation Coatings segment, provides coating technologies to original equipment manufacturers (OEMs) of light and commercial vehicles. It develops, manufactures and supplies liquid and powder coatings for a number of applications in the industrial end market. It develops, markets and supplies a portfolio of coatings systems and color matching technologies. It offers waterborne and solventborne products and systems used by the global automotive repair industry to refinish damaged vehicles. Its brands include Voltatex, Alesta, Nap-Gard, Abcite and Imron.

A glance at Axalta Coating Systems Ltd. (NYSE:AXTA)’s key stats reveals a current market capitalization of 7.16 billion based on 240.46 million shares outstanding and a price at last close of $29.36 per share.

Looking at insider activity, there are a few transactions worth noting.

On the sell side, the most recent transaction saw Bryant unload 48,882 shares at a sale price of $28.00. This brings their total holding to 218,256.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Axalta Coating Systems Ltd. (NYSE:AXTA) as things move forward to see if its progress aligns with these transactions.

Subscribe below and we’ll keep you on top of what’s happening before it moves markets.

 

 

 

Stay in the lopp :

Green Globe International (GGII) Stock Makes ...

If there is one stock that has attracted the attention of investors due to the enormous gains that it has clocked this year

EJF Capital is Buying Phh Corp (NYSE:PHH) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Phh Corp (NYSE:PHH) reported that EJF Capital has picked up
Silver Jack Picked Up Gse Systems Inc. (NYSEM...
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Gse Systems Inc. (NYSEMKT:GVP) reported that Silver Jack has picked

related post

Skip to content