FMR LLC & Abigail Johnson Disclose 6.2% Stake in Axalta (AXTA)
Ticker: AXTA · Form: SC 13G · Filed: 2024-02-09T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**FMR LLC just revealed a 6.2% stake in Axalta, a big institutional vote of confidence!**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have disclosed a 6.202% beneficial ownership stake in Axalta Coating Systems Ltd. (AXTA), totaling 13,650,556 shares of common stock. This filing, dated February 9, 2024, indicates a significant passive investment by FMR LLC, a parent holding company. This matters to investors because it signals a large, institutional investor's confidence in Axalta, potentially providing a vote of approval for the company's current strategy and future prospects.
Why It Matters
A major institutional investor like FMR LLC taking a significant stake can boost investor confidence and potentially attract more attention to Axalta's stock.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces perceived risk for other investors.
Analyst Insight
Smart investors should note this significant institutional backing as a potential positive signal and consider researching Axalta's fundamentals and recent performance.
Key Numbers
- 13,650,556 — Shares Beneficially Owned (Total common stock shares of Axalta Coating Systems Ltd. held by FMR LLC and Abigail P. Johnson.)
- 6.202% — Percent of Class (The percentage of Axalta Coating Systems Ltd.'s common stock class beneficially owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- Axalta Coating Systems Ltd. (company) — issuer of the common stock
- 13,650,556 (dollar_amount) — total shares beneficially owned
- 6.202% (dollar_amount) — percent of class owned
Forward-Looking Statements
- Axalta Coating Systems Ltd. (AXTA) stock may experience increased investor interest due to the disclosed institutional ownership. (Axalta Coating Systems Ltd.) — medium confidence, target: Within 3 months
FAQ
Who is the primary reporting person in this SC 13G filing?
The primary reporting person in this SC 13G filing is FMR LLC, a parent holding company based in Boston, Massachusetts, as stated in Item 1 and Item 2(a) of the filing.
What is the total number of shares of Axalta Coating Systems Ltd. common stock beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson beneficially own a total of 13,650,556 shares of Axalta Coating Systems Ltd. common stock, as indicated in Item 7 and Item 4(a) of the filing.
What percentage of Axalta Coating Systems Ltd.'s common stock class do the reporting persons beneficially own?
The reporting persons, FMR LLC and Abigail P. Johnson, beneficially own 6.202% of the class of Axalta Coating Systems Ltd.'s common stock, as stated in Item 11 and Item 4(b) of the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing, and FMR LLC is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).
What is the CUSIP number for Axalta Coating Systems Ltd. common stock mentioned in the filing?
The CUSIP number for Axalta Coating Systems Ltd. common stock is G0750C108, as specified in the filing under 'Cusip #G0750C108' and Item 2(e).
From the Filing
EDGAR Filing Documents for 0000315066-24-001017 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0000315066-24-001017 Filing Date 2024-02-09 Accepted 2024-02-09 08:35:54 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G 6614 Complete submission text file 0000315066-24-001017.txt 8313 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G SIC : 0000 Mailing Address 1050 CONSTITUTION AVENUE PHILADELPHIA PA 19112 Business Address 1050 CONSTITUTION AVENUE PHILADELPHIA PA 19112 (855) 629-2582 Axalta Coating Systems Ltd. (Subject) CIK : 0001616862 (see all company filings) EIN. : 981073028 | State of Incorp.: D0 | Fiscal Year End: 1231 Type: SC 13G | Act: 34 | File No.: 005-88658 | Film No.: 24611356 SIC : 2851 Paints, Varnishes, Lacquers, Enamels & Allied Prods (CF Office: 08 Industrial Applications and Services)