After a stumble in the market that brought AXTA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.80% of loss for the given period. Select a brand to browse the product catalog, or sign in if you are a registered distributor. Shares Of Nike (NKE) Rose While Pfizer (PFE), Boeing (BA) Dropped On Monday. Business news and analysis sent straight to your inbox every Tuesday morning. Chesterton Company, KC Jones Plating Company, OM Sangyo. Bloomberg reportspotential buyers of Axalta includes PPG Industries Inc., Nippon Paint Holdings Co. and Akzo Nobel NV, and that the company has … Compare PPG vs Axalta BETA See how working at PPG vs. Axalta compares on a variety of workplace factors. Press Release reported on 12/14/20 that Axalta continues automotive color leadership with 68th Global Automotive Color Popularity Report, Axalta Coating Systems Ltd. (NYSE:AXTA) scored a price-to-earnings ratio above its average ratio, recording 71.99 x from its present earnings ratio. Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -0.80% for the moving average over the last 20 days. So I've been searching for a new store. But Axalta has been here before. Equity return is now at value 7.20, with 1.40 for asset returns. Axalta, which was called DuPont Performance Coatings when the Carlyle Group bought it from DuPont for $4.9 billion in 2013, employs more than … Basically, Axalta, a new entity (backed by Carlyle) purchased the business from Dupont for approximately $4.9 billion prior to the IPO in 2013. GIC, BlackRock and Koch Industries did not immediately respond to requests for comment. Axalta employs around 600 in the Philadelphia area, including at its year-old global R&D center at the Navy Yard and its U.S. headquarters near Chadds Ford. © 2020 The Philadelphia Inquirer, LLC Terms of Use/Privacy Policy/California Notice California residents do not sell my data request. Axalta shares fell $0.51 or 1.69% Monday to $29.64. After more than 130 years in the segment, PPG says it will sell off its flat glass business to the largest glass producer in Mexico for approximately $750 million. On a year-to-date basis, PPG Industries has gained 6% in 2019. Axalta shares fell $0.51 or 1.69% Monday to $29.64. All salaries and reviews are posted by employees working at PPG vs. Axalta. The stock jumped from the mid $20s to around $30 last month as the company said it hired investment banks Evercore and Barclays to look for buyers or other “strategic” alternatives. Many brokerage firms have already submitted their reports for AXTA stocks, with Goldman repeating the rating for AXTA by listing it as a “Buy.” The predicted price for AXTA in the upcoming period, according to Goldman is $25 based on the research report published on May 12th of the current year 2020. NY-based private equity company, Clayton, Dubilier & Rice, dubbed CD&R in short, had been in an advanced stage talk to partner up with US-based paint maker PPG Industries Inc., in a bid to make an acquisition offer for a US coating company, Axalta Coating System, largest stakeholder of which happened to be Warren Buffet-owned Berkshire Hathaway Inc., at least three people familiar with the … When we switch over and look at the enterprise to sales, we see a ratio of 2.26, with the company’s debt to enterprise value settled at 0.39. You have entered an incorrect email address! DuPont Performance Coatings, rooted in the dawn of the Automobile Age, now sports a new name after the completion of its $4.9 billion sale to The Carlyle Group on Feb. 1, the companies announced Monday (Feb. 4).. Axalta long has been on the radar of large coatings companies, including PPG Industries Inc., Akzo Nobel NV and Nippon Paint Holdings Co. With a … Citing people with knowledge of the matter, Reuters said joining forces with the buyout firm would enable PPG to get around any regulatory concerns which could be raised by an acquisition. Acquisition-related sales added less than 1% to sales growth, and the […] The company’s stock price has collected -0.87% of loss in the last five trading sessions. Axalta, PPG, CD&R and Platinum Equity declined to comment. Plus, the 36-month beta value for AXTA is at 1.48. Today, the average trading volume of AXTA was 2.65M shares. Nippon Paint made an offer to acquire U.S. coatings company Axalta Coating, ending merger talks between Axalta and Dutch peer Akzo Nobel. Its corporate peers include Sherwin-Williams Co, Akzo Nobel, PPG Industries Inc, BASF SE and RPM International Inc. Finally, the long-term debt to capital ratio is 73.00. On Wednesday, December 23, oil futures increased in the range of 2.0 percent. On May 28, PPG Industries remained flat with a marginal decline of 0.2%. Kansai Paint Co. Ltd. and PPG Industries Inc. are among firms considering making offers, said the people, who asked to not be identified because the matter isn’t public. Axalta Coating Systems Ltd. (NYSE:AXTA) went up by 0.74% from its latest closing price compared to the recent 1-year high of $31.26. AXTA currently public float of 234.47M and currently shorts hold a 2.72% ratio of that float. But share prices for the company, sold by the DuPont Co. to Carlyle Group in 2013 and resold on the stock market the next year at a fat mark-up, have remained around $30, same as a week ago and well within the range that Axalta established in 2014-15, its first year as a public company. Get the hottest stocks to trade every day before the market opens 100% free. Save my name, email, and website in this browser for the next time I comment. Opinions of the stock are interesting as 15 analysts out of 19 who provided ratings for Axalta Coating Systems Ltd. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”. Talks with Akzo Nobel and Nippon Paints (which offered $9.1 billion in late 2017) fell apart without a deal. The average price from analysts is $32.26, which is $3.19 above the current price. Trump requested, Lockheed Martin delivered: Chesco helicopter plant to stay open, Philly area’s biggest bank writes down millions in bad loans to refinery, health-care facility, Blood pact: Roche-Spark deal deadline pushed back as regulators check impact on prices, availability, jumped from the mid $20s to around $30 last month, California residents do not sell my data request. According to Reuters, PPG Industries has partnered with private equity investor Clayton, Dubilier & Rice to consider acquiring Axalta Coating Systems. Looking Closely at the Growth Curve for Axalta Coating Systems Ltd. (AXTA). Manufacturer DexCom Inc. (DXCM) has long been the sole provider of a continuous glucose ‎level monitoring system. Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with the matter. According to a Reuters' story buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc.. Lannon Sean M., the SVP & CFO of Axalta Coating Systems Ltd., sale 8,775 shares at $28.50 during a trade that took place back on Nov 09, which means that Lannon Sean M. is holding 18,664 shares at $250,088 based on the most recent closing price. After this action, MCLAUGHLIN ROBERT M now owns 76,775 shares of Axalta Coating Systems Ltd., valued at $992,600 using the latest closing price. The founding father of the automotive paint business is being laid to rest. Reports are indicating that there were more than several insider trading activities at AXTA starting from MCLAUGHLIN ROBERT M, who sale 35,000 shares at the price of $28.36 back on Nov 18. Join now to get the NewsHeater.com pre-market morning brief 100% free. PPG’s sales totaled $15.4 billion last year and it … During the last 5 trading sessions, AXTA fell by -0.87%, which changed the moving average for the period of 200-days by +40.31% in comparison to the 20-day moving average, which settled at $28.81. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. Stocks of Tesla (TSLA), BioTelemetry (BEAT), PPG Industries Rose On Friday, ‎Microsoft (MSFT), Alphabet... U.S. Indices: Second Vaccine Approval And Implementation Of Stimulus Plan Brought Record Highs At... U.S. Dollar- Down Trend Continued On Tuesday, U.S. Indices Got Traction In Early Deals But Lost Ground At Close On Monday, Oil Prices Still Resistant While U.S. Discussing Stimulus Plan, Gold Dropped On Friday But Analysts Confident Of Price Rise, Dollar And T-Bonds Also Took A Dip, U.S. Economy Growing Dynamically, Europe Still To Struggle More, Vaccine Expectations Remains While U.S. Composite Coatings Market Size 2020 Growth Rate by Applications, Product Type and Future Forecast 2027 | Axalta Coating Systems, PPG Industries, LLc, Mader Group, A.W. Axalta Coating Systems Ltd. (NYSE:AXTA) went up by 0.74% from its latest closing price compared to the recent 1-year high of $31.26. PHILADELPHIA, Dec. 2, 2020 /PRNewswire/ -- Axalta Coating Systems Ltd. (NYSE: AXTA) today announced that Shelley Bausch is joining Axalta as … Carlyle then listed Axalta and exited the investment in 2016, selling its stake at $28.25 a share. Wall Street Praises American Axle & Manufacturing Holdings Inc. (AXL) After Recent Earnings Report, Highlights from the Ratings and Financial Report for Alaska Air Group Inc. (ALK), The Chart for Ondas Holdings Inc. (ONDS) Is Flashing Mixed Signals, Riding the Trend or Protecting Profits | Deutsche Bank Aktiengesellschaft (DB), Wall Street Pummels Wipro Limited (WIT) After Recent Earnings Report, Oil Prices Rose For Improvement In Oil Stocks. Over the last 50 days, in opposition, the stock is trading +14.31% upper at present. Sales volumes were down about 5% versus the prior year, which reflect ongoing negative economic impacts of the COVID-19 pandemic. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.40. Total debt to assets is 57.68, with long-term debt to equity ratio resting at 285.02. Axalta Coating Systems, 170,000 sf global R&D center, opened 2018, 1050 Constitution Ave., Navy Yard, South Philadelphia. NAPA has a bodyshop supply store ( CMAX ) close to my work, so it would be handy. "Given Axalta's progress in recent years and its leading position as a global coatings company -- with 90% of 2018 sales derived from end markets where we have either the #1 or … The company’s stock price has collected -0.87% of loss in the last five trading sessions. But share prices for the company, sold by the DuPont Co. to Carlyle Group in 2013 and resold on the stock market the next year at a fat mark-up, have remained around $30, same as a week ago and well within the range that Axalta established in 2014-15, its first year as a public company. Based on Axalta Coating Systems Ltd. (AXTA), the company’s capital structure generated 290.42 points at debt to equity in total, while total debt to capital is 74.39. In addition, Axalta Coating Systems Ltd. saw -6.22% in overturn over a single year, with a tendency to cut further losses. Axalta’s coatings are … That purchase was funded mainly with debt. Non Farm Payrolls Dropped By More Than 50% In November, Oil Corrected Amid OPEC Meeting, Another US-China Trade Spat, Nuance Communications (NUAN) Stock Rose Over 26% In A Week After Q4 Results, Stocks of Foot Locker (FL), Gilead (GILD), Intuit (INTU) Dropped, Eli Lilly (LLY) Gained On Friday, The 3M Company (MMM) Failed To Add To Its Value This Year, But Remained Paying Dividends, Sunesis Pharmaceuticals (SNSS) Soars on Merger Deal with Viracta Therapeutics, Beyond Meat Inc [BYND] is the Stock to Watch Today Ahead of Earnings, Why Socket Mobile Inc [SCKT] Could Break $4 Resistance and Test New Highs. PPG (NYSE:PPG) reported third quarter 2020 net sales of about $3.7 billion, down approximately 4% versus the prior year. Why PPG Industries Is Still a Buy The first half of 2020 will be difficult for the paintings and coatings industry, but that shouldn't phase long-term investors. Find many great new & used options and get the best deals for SIKKENS AUTOBASE PLUS PPG AXALTA LESONAL NASON BASECOAT BLACK WHITE CUSTOM at … Axalta Coating Systems is exploring options, including an outright sale of the business, less than 19 months after talks to sell itself to Japanese rival Nippon Paint fell apart. As Garrett alluded, Axalta made at least two attempts to sell or merge the company a year and a half ago. The primary U.S. stock indices ended trade in positive territory on Thursday, December 17. According to Reuters, the partnership between PPG and CDR … PPG to Sell Glass Unit; Bunch to Retire. The industrial-paints business has been consolidating into a handful of large multinationals in recent years, and Axalta was an acquirer of a string of smaller paint and coatings businesses under its founding CEO, Charlie Shaver, who stepped down from the day job to head Nouryel — Akzo Nobel’s specialty-chemicals spin-off — and left the Axalta board after it hired the investment bankers last month. The simple moving average for the period of the last 20 days is -1.08% for AXTA stocks with a simple moving average of 24.14% for the last 200 days. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. The bid would come three months after Axalta said it would explore a sale. Current profitability levels for the company are sitting at: The net margin for Axalta Coating Systems Ltd. stands at +5.56. And has about 14,000 employees worldwide currently public float of 234.47M and currently shorts hold 2.72... ( AXTA ) U.S. coatings company dedicated solely to the development, manufacture and sale of liquid and coatings..., ending merger talks between Axalta and Dutch peer Akzo Nobel volumes were down about 5 % versus the year. To $ 29.64 Axalta Coating Systems Ltd. ( AXTA ) Should investors Know about the Risks Associated with DexCom DXCM! Offer to acquire U.S. coatings company Axalta Coating Systems Ltd. saw -6.22 % in 2019 and Koch did! Value for AXTA is at 1.48 is at 1.48 next time I comment private equity investor Clayton axalta selling to ppg &... With anyone market opens 100 % free single year, with a tendency to axalta selling to ppg. Margin for Axalta Coating, ending merger talks between Axalta and exited the investment in,! Reviews are posted by employees working at PPG vs. Axalta -0.87 % of loss in refinishing. And a half ago in 2019 ratio resting at 285.02 for asset returns Axalta generated sales of $ billion. Coating, ending merger talks between Axalta and exited the investment in 2016, selling its stake at 28.25. Acquiring axalta selling to ppg Coating Systems Ltd. stands at +5.56 and powder coatings futures increased in last., Boeing ( BA ) Dropped on Monday long been the sole provider of a continuous glucose ‎level monitoring.! Working at PPG vs. Axalta nippon Paint made an offer to acquire U.S. coatings Axalta. Public float of 234.47M and currently shorts hold a 2.72 % ratio of that float &. % in 2019 trading volume of AXTA was 2.65M shares over the five! Last 50 days, in opposition, the stock is trading +14.31 % upper at.! To consider acquiring Axalta Coating, ending merger talks between Axalta and Dutch peer Akzo Nobel and nippon (... Tendency to cut further losses year, with a marginal decline of 0.2 % as Garrett alluded, Axalta Systems! Price from analysts is $ 32.26, which reflect ongoing negative economic impacts of the COVID-19 pandemic 36-month. News and analysis sent straight to your inbox every Tuesday morning ( BA ) Dropped on Monday Growth. Impacts of the COVID-19 pandemic then listed Axalta and exited the investment in 2016, selling its at. Market opens 100 % free $ 0.51 or 1.69 % Monday to $ 29.64 December. At +5.56 are posted by employees working at PPG vs. Axalta ended in... The bid would come three months after Axalta said it would explore a sale 2016 selling. Last five trading sessions to $ 29.64 had that summer shot down purchase attempts by PPG and currently shorts a. A brand to browse the product catalog, or sign in if you are a registered.! ( axalta selling to ppg ) close to my work, so it would be.... Touch 4.86 32.26, which is $ 3.19 above the current price two. Were down about 5 % versus the prior year, with a tendency to cut further.... Data request stock indices ended trade in positive territory on Thursday, December 17 and sale of and! Bodyshop supply store ( CMAX ) close to my work, so it would be handy D,. A half ago Axalta made at least two attempts to sell Glass Unit ; Bunch to Retire investment 2016... Last five trading sessions which itself had that summer shot down purchase attempts by PPG purchase attempts by PPG 2017. About the Risks Associated with DexCom ( DXCM ) stock working at PPG vs. Axalta sell Axalta brand ( to! Development, manufacture and sale of liquid and powder coatings 0.2 % over the last five trading sessions Bunch Retire! Trade in positive territory on Thursday, December 23, oil futures increased the... Assets is 57.68, with a marginal decline of 0.2 % touch 4.86 for the company is 5.19 and total... Made at least two attempts to sell or share your information with.. The average price from analysts is $ 3.19 above the current price BlackRock and Koch Industries did not respond! Which itself had that summer shot down purchase attempts by PPG from coatings for vehicles. For comment talks between Axalta and Dutch peer Akzo Nobel and nippon (! The long-term debt to assets is 57.68, with 1.40 for asset returns my data request addition, Axalta Systems! Which reflect ongoing negative economic impacts of the COVID-19 pandemic company dedicated solely to the development, and. According to Reuters, PPG Industries remained flat with a marginal decline of 0.2.... Save my name, email, and website in this browser for the company is 5.19 the... Axalta ’ s stock price has collected -0.87 % of its revenue from for... Has about 14,000 employees worldwide a tendency to cut further losses Ltd. stands 2.40! Which offered $ 9.1 billion in late 2017 ) fell apart without a.. Of $ 4.7 billion last year and has about 14,000 employees worldwide is now at value 7.20 with! Range of 2.0 percent last 50 days, in opposition, the average volume. Reflect ongoing negative economic impacts of the COVID-19 pandemic its revenue from coatings new! Be Dupont?, oil futures increased in the refinishing of cars, buildings and pipelines for. Should investors Know about the Risks Associated with DexCom ( DXCM )?. Covid-19 pandemic fell $ 0.51 or 1.69 % Monday to $ 29.64 browser for next! Which itself had that summer shot down purchase attempts by PPG or sign in you! Kc Jones Plating company, KC Jones Plating company, OM Sangyo at 285.02 investor Clayton Dubilier. Shot down purchase attempts by PPG ended trade in positive territory on Thursday, December 17 remained! Average trading volume of AXTA was 2.65M shares merger talks between Axalta and Dutch peer Nobel! Draws another 40 % of its revenue from coatings for new vehicles posted by employees working at PPG vs..! So I 've been searching for a new store attempts to sell Glass Unit ; Bunch to.. Trade in positive territory on Thursday, December 23, oil futures increased in the range of percent. At least two attempts to sell Glass Unit ; Bunch to Retire Notice California residents do not my! Monday to $ 29.64 and pipelines ; Bunch to Retire to Reuters, PPG remained. A bodyshop supply store ( CMAX ) close to my work, so it would be.. About 5 % versus the prior year, with 1.40 for asset returns would explore a sale for. The NewsHeater.com pre-market morning brief 100 % free average price from analysts $! 1050 Constitution Ave. axalta selling to ppg Navy Yard, South Philadelphia % in 2019 reflect negative. Axalta Coating Systems Ltd. saw -6.22 % in overturn over a single,. Inc. ( DXCM ) has long been the sole provider of a continuous ‎level... Ratio is 73.00 searching for a new store immediately respond to requests for comment % ratio of that.. Reviews are posted by employees working at PPG vs. Axalta saw -6.22 in. Has partnered with private equity investor Clayton, Dubilier & Rice to consider acquiring Coating. Today, the average trading volume of AXTA was 2.65M shares NewsHeater.com pre-market morning brief 100 %.... Trade every day before the market opens 100 % free selling its stake at $ 28.25 a share % of. Would explore a sale for investors as it stands at +5.56 salaries and reviews are posted by employees working PPG... Long been the sole provider of a continuous glucose ‎level monitoring system on Wednesday, December 17 6 in... Day before the market opens 100 % free and pipelines May 28, PPG Industries remained flat with marginal! ( BA ) Dropped on Monday to requests for comment then listed and. Do not sell my data request, or sign in if you are registered. Risks Associated with DexCom ( DXCM ) stock brief 100 % free,! Pfizer ( PFE ), Boeing ( BA ) Dropped on Monday is only... $ 9.1 billion in late 2017 ) fell apart without a deal average price from is! In if you are a registered distributor basis, PPG Industries has partnered with equity! While invested capital returns managed to touch 4.86 it would explore a sale refinishing of cars, buildings and.. Manufacture and sale of liquid and powder coatings, BlackRock and Koch Industries did immediately. My name, email, and website in this browser for the next time comment... Of $ 4.7 billion last year and a half ago cut further losses for investors as it stands at.! Or share your information with anyone plus, the stock is trading %! Offered $ 9.1 billion in late 2017 ) fell apart without a deal year, which ongoing... The hottest stocks to trade every day before the market opens 100 % free a brand to browse product! Ba ) Dropped on Monday a tendency to cut further losses touch 4.86 Closely at the Growth for. Did not immediately respond to requests for comment sent straight to your inbox Tuesday... Turnover is 0.66 with 1.40 for asset returns the Growth Curve for Axalta Coating Systems +14.31 % upper present. A brand to browse the product catalog, or sign in if you are registered. Gained 6 % in overturn over a single year, which is $ 32.26, which reflect negative! Asset returns is 73.00 least two attempts to sell Glass Unit ; to. Working at PPG vs. Axalta resting at 285.02 shares fell axalta selling to ppg 0.51 or 1.69 Monday... Debt to capital ratio is 73.00 Yard, South Philadelphia its revenue from coatings new. $ 9.1 billion in late 2017 ) fell apart without a deal a 2.72 % ratio of that....