First Trust Advisors LP Boosts Investment in Axalta Coating Systems Ltd

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First Trust Advisors LP recently boosted their stake in Axalta Coating Systems ($NYSE:AXTA) Ltd. (AXTA). Axalta Coating Systems is a leading global provider of liquid and powder coatings solutions, delivering superior performance and customer service to a wide range of industries, including automotive refinish, industrial, and light vehicle manufacturers. Axalta Coating Systems has a diverse product portfolio that includes a wide range of liquid and powder coatings for automotive, commercial and industrial applications. Its products are designed to provide superior appearance, performance, protection and sustainability to customers in all types of industries.

Axalta also offers a range of advanced coatings technology and services, such as color matching, custom tinting and color design. The company also offers a comprehensive portfolio of services and solutions for the automotive refinish, industrial, protective and transportation markets. With its extensive global reach and increased focus on sustainability, Axalta Coating Systems is well positioned to be a leader in the coatings industry.

Market Price

As a result, the company’s stock opened at $29.9 and closed at $30.0, a 0.4% increase from the previous closing price of $29.8. This surge in the stock suggests increased confidence in the company’s performance and future outlook. The company is renowned for its innovative solutions and commitment to excellence, making it an attractive investment for many investors. It will be interesting to see how the company fares in the coming weeks and months following this boost in investment from First Trust Advisors. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for AXTA. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for AXTA. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for AXTA. More…

Key Ratios Snapshot

Some of the financial key ratios for AXTA are shown below. More…

Analysis

At GoodWhale, we use our expert financial analysis to provide insights into the financial health of AXALTA COATING SYSTEMS. By looking at our Star Chart, it is clear that AXALTA COATING SYSTEMS has a high health score of 8/10 with regard to its cashflows and debt. This indicates that the company is in a strong financial position and can safely ride out any crisis without the risk of bankruptcy. When analyzing the crucial financial metrics of AXALTA COATING SYSTEMS, we observe that the company is strong in profitability, but weak in asset, dividend and growth. We classify AXALTA COATING SYSTEMS as a ‘sloth’, a type of company which has achieved revenue or earnings growth slower than the overall economy. Given the company’s financials and performance, we believe that conservative investors may be interested in AXALTA COATING SYSTEMS. These investors are likely to be interested in the company’s ability to generate stable returns over long periods of time and will likely have less appetite for risk. More…

Peers

Axalta Coating Systems Ltd is one of the world’s leading suppliers of liquid and powder coatings. The company’s products are used in a variety of industries, including automotive, aerospace, architectural, industrial, and consumer applications. Axalta Coating Systems’ competitors include Fuchs Petrolub SE, Itaconix PLC, and Hartalega Holdings Bhd.

– Fuchs Petrolub SE ($OTCPK:FUPBY)

Fuchs Petrolub SE is a specialty chemicals company that produces and markets lubricants, greases, and related specialties. The company operates in three segments: Lubricants, Greases, and Specialties. The Lubricants segment offers engine oils, transmission fluids, and industrial oils. The Greases segment offers greases for the automotive, industrial, and marine industries. The Specialties segment offers metal working fluids, cleaners, and corrosion preventives. Fuchs Petrolub SE was founded in 1931 and is headquartered in Mannheim, Germany.

– Itaconix PLC ($LSE:ITX)

Itaconix PLC is a United Kingdom-based company, which is engaged in the development and commercialization of polymers and other products. The Company’s segments include Polymer Products, which is engaged in the development and commercialization of Itaconicon and other polymers; and Other Products, which is engaged in the development and commercialization of products, including resins, adhesives and coatings. Its products are used in a range of applications, including detergents, hair care, and cosmetics. The Company’s products are sold in the United Kingdom, the United States, Europe, Asia and South America.

– Hartalega Holdings Bhd ($KLSE:5168)

Hartalega Holdings Bhd is a Malaysian-based company that manufactures and sells nitrile gloves. The company has a market cap of 6.22 billion as of 2022 and a return on equity of 23.22%. Hartalega Holdings is the world’s largest producer of nitrile gloves, and has a significant market share in the global glove market. The company has a strong financial position, with robust cash flow and low debt levels. Hartalega Holdings is well-positioned to continue its growth trajectory in the coming years.

Summary

Investment management firm First Trust Advisors LP has recently increased its stake in Axalta Coating Systems Ltd., a leading global coatings company. This move signals an optimistic outlook on Axalta’s performance and potential for investors. Analysts have noted that Axalta is currently strong in the automotive and vehicle repair industries, and with a strong presence in the growing markets of Asia and the Pacific, this company is expected to continue to perform well in the future. Investors looking for a reliable and profitable stock should consider Axalta Coating Systems Ltd. as a possible option.