Finally, the long-term debt to capital ratio is 73.00. Axalta, PPG, CD&R and Platinum Equity declined to comment. 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. According to a report by Reuters, PPG Industries Inc. (NYSE:PPG) and the private equity firm Clayton, Dubilier & Rice LLC (CDR) are among groups considering acquiring Axalta Coating Systems Inc. (NYSE:AXTA).Also reported to be considering a bid for Axalta is a partnership between Platinum Equity LLC, and Koch Industries Inc. Axalta Coating Systems, 170,000 sf global R&D center, opened 2018, 1050 Constitution Ave., Navy Yard, South Philadelphia. Axalta, PPG, CD&R and Platinum Equity declined to comment. Press Release reported on 12/14/20 that Axalta continues automotive color leadership with 68th Global Automotive Color Popularity Report Click here now. On Wednesday, December 23, oil futures increased in the range of 2.0 percent. © 2020 The Philadelphia Inquirer, LLC Terms of Use/Privacy Policy/California Notice California residents do not sell my data request. Unnamed investment bankers trying to stir interest in a deal that could bring them a lucrative payday and boost other coatings-company asset values have told Bloomberg and other news media that Pittsburgh-based PPG and Japan-based Kansai Paint have expressed interest in Axalta. Business news and analysis sent straight to your inbox every Tuesday morning. 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. The volatility ratio for the week stands at 1.84% while the volatility levels for the past 30 days are set at 1.99% for Axalta Coating Systems Ltd.. 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. You have entered an incorrect email address! Sales volumes were down about 5% versus the prior year, which reflect ongoing negative economic impacts of the COVID-19 pandemic. The company’s stock price has collected -0.87% of loss in the last five trading sessions. Looking Closely at the Growth Curve for Axalta Coating Systems Ltd. (AXTA). Compare PPG vs Axalta BETA See how working at PPG vs. Axalta compares on a variety of workplace factors. ... which itself had that summer shot down purchase attempts by PPG. Current profitability levels for the company are sitting at: The net margin for Axalta Coating Systems Ltd. stands at +5.56. PPG (NYSE:PPG) reported third quarter 2020 net sales of about $3.7 billion, down approximately 4% versus the prior year. 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. AXTA stocks went down by -0.87% for the week, with a monthly jump of 0.07% and a quarterly performance of 31.81%, while its annual performance rate touched -5.97%. Total debt to assets is 57.68, with long-term debt to equity ratio resting at 285.02. 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. Kansai Paint … GIC, BlackRock and Koch Industries did not immediately respond to requests for comment. Axalta Coating Systems is the leading provider of innovative products, services, and solutions designed to improve the efficiency and effectiveness of the vehicle refinish process. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.40. 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 … AXTA currently public float of 234.47M and currently shorts hold a 2.72% ratio of that float. 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. We do not sell or share your information with anyone. They sell Axalta brand (used to be Dupont?) Axalta Coating Systems is the only leading global coatings company dedicated solely to the development, manufacture and sale of liquid and powder coatings. Axalta shares fell $0.51 or 1.69% Monday to $29.64. 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. The bid would come three months after Axalta said it would explore a sale. What Should Investors Know About The Risks Associated With Dexcom (DXCM) Stock? Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. All salaries and reviews are posted by employees working at PPG vs. Axalta. 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. Over the last 50 days, in opposition, the stock is trading +14.31% upper at present. PPG Industries closed at $107.51. According to Reuters, PPG Industries has partnered with private equity investor Clayton, Dubilier & Rice to consider acquiring Axalta Coating Systems. 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. On May 28, PPG Industries remained flat with a marginal decline of 0.2%. Nippon Paint made an offer to acquire U.S. coatings company Axalta Coating, ending merger talks between Axalta and Dutch peer Akzo Nobel. The company’s stock price has collected -0.87% of loss in the last five trading sessions. Find many great new & used options and get the best deals for SIKKENS AUTOBASE PLUS PPG AXALTA LESONAL NASON BASECOAT BLACK WHITE CUSTOM at … 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. As Garrett alluded, Axalta made at least two attempts to sell or merge the company a year and a half ago. Investors haven’t gotten too excited about last week’s reports that Axalta Coating Systems, the Philadelphia-based auto-paint giant, has drawn interest from a couple of would-be buyers. "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 … Its corporate peers include Sherwin-Williams Co, Akzo Nobel NV, BASF SE and RPM International Inc. 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. 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. The receivables turnover for the company is 5.19 and the total asset turnover is 0.66. PPG’s sales totaled $15.4 billion last year and it … 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. Acquisition-related sales added less than 1% to sales growth, and the […] Its corporate peers include Sherwin-Williams Co, Akzo Nobel, PPG Industries Inc, BASF SE and RPM International Inc. 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. GIC, BlackRock and Koch Industries did not immediately respond to requests for comment. Select a brand to browse the product catalog, or sign in if you are a registered distributor. 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. 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. 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. but they have a few different product lines and I'm not %100 clear on which would be comparable to the PPG stuff I liked. Axalta’s coatings are used in the refinishing of cars, buildings and pipelines. 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. Plus, the 36-month beta value for AXTA is at 1.48. But Axalta has been here before. 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. Equity return is now at value 7.20, with 1.40 for asset returns. Selling prices increased by 1.3%. 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. Axalta’s coatings are … PHILADELPHIA, Dec. 2, 2020 /PRNewswire/ -- Axalta Coating Systems Ltd. (NYSE: AXTA) today announced that Shelley Bausch is joining Axalta as … The total capital return value is set at 11.49, while invested capital returns managed to touch 4.86. 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. 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.. Axalta generated sales of $4.7 billion last year and has about 14,000 employees worldwide. Axalta draws another 40% of its revenue from coatings for new vehicles. Bloomberg reportspotential buyers of Axalta includes PPG Industries Inc., Nippon Paint Holdings Co. and Akzo Nobel NV, and that the company has … This generated strong sales and rapid stock... On Monday, the U.S. sportswear giant NIKE Inc (NKE) announced better-than-expected quarterly results and increased its full-year revenue forecast. Chesterton Company, KC Jones Plating Company, OM Sangyo. 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).. The founding father of the automotive paint business is being laid to rest. 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. 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. 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.”. Basically, Axalta, a new entity (backed by Carlyle) purchased the business from Dupont for approximately $4.9 billion prior to the IPO in 2013. 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. Today, the average trading volume of AXTA was 2.65M shares. Talks with Akzo Nobel and Nippon Paints (which offered $9.1 billion in late 2017) fell apart without a deal. Axalta shares fell $0.51 or 1.69% Monday to $29.64. NAPA has a bodyshop supply store ( CMAX ) close to my work, so it would be handy. 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. 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. 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. Axalta is driven by the belief that a singular focus is the key to big performance and that's why they're 100% … Get the hottest stocks to trade every day before the market opens 100% free. According to Reuters, the partnership between PPG and CDR … Save my name, email, and website in this browser for the next time I comment. So I've been searching for a new store. Shares Of Nike (NKE) Rose While Pfizer (PFE), Boeing (BA) Dropped On Monday. Manufacturer DexCom Inc. (DXCM) has long been the sole provider of a continuous glucose ‎level monitoring system. 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 long has been on the radar of large coatings companies, including PPG Industries Inc., Akzo Nobel NV and Nippon Paint Holdings Co. With a … Axalta, which was called DuPont Performance Coatings when the Carlyle Group bought it from DuPont for $4.9 billion in 2013, employs more than … 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. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. The average price from analysts is $32.26, which is $3.19 above the current price. Carlyle then listed Axalta and exited the investment in 2016, selling its stake at $28.25 a share. On a year-to-date basis, PPG Industries has gained 6% in 2019. PPG to Sell Glass Unit; Bunch to Retire. In addition, Axalta Coating Systems Ltd. saw -6.22% in overturn over a single year, with a tendency to cut further losses. Akzo Nobel NV is exploring a combination with the biggest maker of car coatings, almost doubling the size of its paint business in a bid to create a deterrent should PPG Industries Inc. attempt another takeover as early as December. The primary U.S. stock indices ended trade in positive territory on Thursday, December 17. 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 Dutch company said Monday it’s in “constructive discussions” regarding a merger of equals with Axalta Coating Systems Ltd. to create a leading global paints and … Join now to get the NewsHeater.com pre-market morning brief 100% free.