NY State Teachers Retirement System Invests in Axalta Coating Systems Ltd
August 4, 2023
🌥️Trending News
The New York State Teachers Retirement System recently invested in shares of Axalta Coating Systems ($NYSE:AXTA) Ltd. in the first quarter of this year. Axalta Coating Systems Ltd. is a global leader in the coatings industry that specializes in the development, manufacture, and sale of liquid and powder coatings. The company has an extensive history of providing innovative products and solutions to customers in the automotive refinishing, industrial, and OEM markets.
In addition to its core business, Axalta Coating Systems Ltd. also provides technology through its advanced software and color tools, which enable customers to achieve the highest standards of performance, quality, and productivity. By investing in Axalta Coating Systems Ltd., the New York State Teachers Retirement System has taken a stake in a company with a long-standing commitment to providing customers with high-quality products and innovative solutions.
Share Price
On Monday, Axalta Coating Systems Ltd (AXALTA) experienced a dip in stock prices, as the company closed at $32.0, a decrease of 1.1% from its prior closing price of $32.4. This was despite news that the New York State Teachers Retirement System (NYSTRS) had recently invested in AXALTA. NYSTRS is the eleventh-largest pension fund in the United States, and is responsible for managing retirement benefits for New York’s public school teachers. Their investment in AXALTA is seen as a positive sign for the company’s future prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AXTA. More…
| Total Revenues | Net Income | Net Margin |
| 4.99k | 210.6 | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AXTA. More…
| Operations | Investing | Financing |
| 285.9 | -101.6 | -249.2 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AXTA. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7k | 5.39k | 7.09 |
Key Ratios Snapshot
Some of the financial key ratios for AXTA are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.7% | 0.5% | 8.7% |
| FCF Margin | ROE | ROA |
| 2.7% | 18.0% | 3.9% |
Analysis
At GoodWhale, we conducted an in-depth analysis of AXALTA COATING SYSTEMS’ financials. After our analysis, we have concluded that AXALTA COATING SYSTEMS is a medium risk investment in terms of financial and business aspects. We have detected one risk warning in the balance sheet for this company, which could potentially lead to increased risk. If you want to take a closer look at this warning, we invite you to register with us and check it out. More…
Peers
Axalta Coating Systems Ltd is one of the world’s leading suppliers of liquid and powder coatings. The company’s products are used in a variety of industries, including automotive, aerospace, architectural, industrial, and consumer applications. Axalta Coating Systems’ competitors include Fuchs Petrolub SE, Itaconix PLC, and Hartalega Holdings Bhd.
– Fuchs Petrolub SE ($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
Axalta Coating Systems is an international leader in the coatings industry, providing liquid and powder coatings solutions to a wide range of industries. Analysts suggest that a potential increase in market-share, cost reductions, and strategic acquisitions may be key drivers of future growth in the stock. Furthermore, investors can benefit from Axalta’s strong product portfolio, which includes innovative solutions for automotive refinishing, marine, industrial, construction, and consumer markets. Finally, Axalta’s focus on sustainability and commitment to customer service should help to build a loyal customer base and drive future growth in revenue.
