Warren Buffett Is Selling These 5 Stocks

3. Axalta Coating Systems Ltd. (NYSE: AXTA)

Number of Hedge Fund Holders: 47 

Percentage Decline in Stake in Q2: 100%  

Axalta Coating Systems Ltd. (NYSE: AXTA) is a Pennsylvania-based firm that makes and sells coating systems. It is ranked third on our list of 10 stocks Warren Buffett is selling. Latest filings reveal that Berkshire Hathaway has sold off its entire stake in the company during the second quarter. 

On July 28, investment advisory Citi kept a Buy rating on Axalta Coating Systems Ltd. (NYSE: AXTA) stock and raised the price target to $39 from $37, appreciating the solid quarterly results posted by the company. 

At the end of the second quarter of 2021, 47 hedge funds in the database of Insider Monkey held stakes worth $1.4 billion in Axalta Coating Systems Ltd. (NYSE: AXTA), up from 43 in the previous quarter worth $1.5 billion.

In its Q1 2021 investor letter, Ariel Investments highlighted a few stocks and Axalta Coating Systems Ltd. (NYSE: AXTA) was one of them. Here is what the fund said:

“While we did not exit any holdings during the quarter in Ariel Fund, we initiated a position in Axalta Coating Systems, Ltd. (AXTA) which is emerging from the shadow of its former parent, DuPont. We expect Axalta—a leading manufacturer of coatings for cars and trucks—to continue to gain market share from ongoing consolidation in its refinishing business and further margin improvement through cost savings programs.”