Michael F. Finn Sells 3,950 Shares of Axalta Coating Systems Ltd (AXTA) Stock

Axalta Coating Systems Ltd (NYSE:AXTA) SVP Michael F. Finn sold 3,950 shares of Axalta Coating Systems stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $32.66, for a total transaction of $129,007.00. Following the completion of the transaction, the senior vice president now directly owns 108,818 shares in the company, valued at approximately $3,553,995.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Axalta Coating Systems Ltd (NYSE:AXTA) traded down $0.31 during mid-day trading on Wednesday, hitting $31.75. 2,158,779 shares of the stock traded hands, compared to its average volume of 2,363,087. The stock has a market cap of $7,935.04, a P/E ratio of 29.34, a P/E/G ratio of 2.04 and a beta of 1.55. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50. Axalta Coating Systems Ltd has a fifty-two week low of $25.87 and a fifty-two week high of $38.20.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. Axalta Coating Systems had a net margin of 1.46% and a return on equity of 19.91%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. equities analysts forecast that Axalta Coating Systems Ltd will post 1.15 earnings per share for the current year.

Several analysts have weighed in on the stock. BidaskClub downgraded shares of Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 17th. Citigroup raised shares of Axalta Coating Systems from a “sell” rating to a “hold” rating and set a $34.00 target price on the stock in a research report on Monday, October 30th. Credit Suisse Group boosted their target price on shares of Axalta Coating Systems from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Nomura raised shares of Axalta Coating Systems to a “buy” rating and dropped their target price for the stock from $30.00 to $28.00 in a research report on Tuesday, October 10th. Finally, UBS dropped their target price on shares of Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. Axalta Coating Systems currently has an average rating of “Hold” and an average target price of $33.73.

Several hedge funds have recently added to or reduced their stakes in AXTA. Artisan Partners Limited Partnership purchased a new stake in shares of Axalta Coating Systems in the 3rd quarter valued at $94,884,000. Janus Henderson Group PLC boosted its holdings in shares of Axalta Coating Systems by 8,917.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,210,694 shares of the specialty chemicals company’s stock valued at $70,831,000 after acquiring an additional 2,186,179 shares during the last quarter. Davis Selected Advisers boosted its holdings in shares of Axalta Coating Systems by 30.1% in the 3rd quarter. Davis Selected Advisers now owns 9,402,305 shares of the specialty chemicals company’s stock valued at $271,921,000 after acquiring an additional 2,173,915 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Axalta Coating Systems by 2,384.0% in the 2nd quarter. Voya Investment Management LLC now owns 1,643,485 shares of the specialty chemicals company’s stock valued at $52,657,000 after acquiring an additional 1,577,323 shares during the last quarter. Finally, Gruss Capital Management LP purchased a new stake in shares of Axalta Coating Systems in the 2nd quarter valued at $31,079,000. 99.28% of the stock is currently owned by institutional investors and hedge funds.

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Axalta Coating Systems Company Profile

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

Insider Buying and Selling by Quarter for Axalta Coating Systems (NYSE:AXTA)

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