In an SEC filing on Feb. 9, Arnhold LLC revealed the purchase of 264,281 shares of Axalta Coating Systems, increasing their position value by $9.4 million. Arnhold now holds 500,700 shares of Axalta, valued at $16.2 million as of Dec. 31, comprising 1.2% of their AUM. Top holdings include GLD, IAU, GOOGL, COHR, and VRT.

Axalta Coating Systems is a global leader in specialty coatings for automotive, industrial, and commercial markets. Operating dual segments (Performance Coatings and Transportation Coatings), the company serves clients worldwide, including OEMs, body shops, and industrial customers. With a market cap of $7.3 billion, Axalta generates revenue through a diversified portfolio of high-performance coatings systems.

Arnhold significantly increased its stake in Axalta Coating Systems during the fourth quarter, more than doubling their shares to 500,700. With a value of $16.2 million at year-end, Axalta represents 1.2% of Arnhold’s AUM. Despite a recent stock performance decline, Arnhold remains optimistic about the company’s potential. Additionally, Arnhold has heavy exposure to gold ETFs in its portfolio.

Consideration is advised before buying stock in Axalta Coating Systems, as it was not among the Motley Fool Stock Advisor’s top 10 recommended stocks. The Stock Advisor team has a history of identifying stocks with significant growth potential, outperforming the market with a total average return of 914%. Investors are encouraged to explore the latest top 10 list and join an investing community focused on individual investors.

Read more at Nasdaq: Arnhold More Than Doubles Axalta Coatings Systems Share Holding