Axalta Coating Systems Ltd (NASDAQ:AXTA) EVP Steven R. Markevich sold 900 shares of Axalta Coating Systems stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $29.42, for a total value of $26,478.00. Following the completion of the sale, the executive vice president now directly owns 201,393 shares of the company’s stock, valued at approximately $5,924,982.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Axalta Coating Systems Ltd (NASDAQ AXTA) traded up 1.76% during mid-day trading on Tuesday, reaching $29.53. 2,493,890 shares of the company’s stock traded hands. Axalta Coating Systems Ltd has a 12-month low of $24.27 and a 12-month high of $34.10. The company has a market cap of $7.18 billion and a P/E ratio of 2953.00. The stock has a 50 day moving average of $29.15 and a 200 day moving average of $31.09.

Axalta Coating Systems (NASDAQ:AXTA) last posted its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.08). Axalta Coating Systems had a negative net margin of 1.73% and a negative return on equity of 6.61%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same period in the previous year, the firm earned $0.34 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts predict that Axalta Coating Systems Ltd will post $1.30 earnings per share for the current fiscal year.

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Several equities research analysts have commented on AXTA shares. BidaskClub downgraded shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Barclays PLC reiterated an “equal weight” rating and issued a $33.00 target price (down previously from $34.00) on shares of Axalta Coating Systems in a research note on Friday, August 4th. TheStreet downgraded shares of Axalta Coating Systems from a “b” rating to a “c” rating in a research note on Thursday, August 3rd. Susquehanna Bancshares Inc began coverage on shares of Axalta Coating Systems in a research report on Tuesday, July 18th. They issued a “neutral” rating and a $37.00 price target on the stock. Finally, Zacks Investment Research raised shares of Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $33.29.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norman Fields Gottscho Capital Management LLC lifted its holdings in Axalta Coating Systems by 0.7% during the third quarter. Norman Fields Gottscho Capital Management LLC now owns 244,320 shares of the specialty chemicals company’s stock valued at $7,066,000 after purchasing an additional 1,735 shares in the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Axalta Coating Systems by 2.3% in the second quarter. Burgundy Asset Management Ltd. now owns 204,231 shares of the specialty chemicals company’s stock worth $6,544,000 after purchasing an additional 4,562 shares during the period. WINTON GROUP Ltd bought a new position in shares of Axalta Coating Systems in the second quarter worth approximately $327,000. Verition Fund Management LLC boosted its position in shares of Axalta Coating Systems by 17.9% in the second quarter. Verition Fund Management LLC now owns 17,345 shares of the specialty chemicals company’s stock worth $556,000 after purchasing an additional 2,638 shares during the period. Finally, Timucuan Asset Management Inc. FL boosted its position in shares of Axalta Coating Systems by 1.0% in the second quarter. Timucuan Asset Management Inc. FL now owns 3,743,877 shares of the specialty chemicals company’s stock worth $119,954,000 after purchasing an additional 36,234 shares during the period.

About Axalta Coating Systems

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 (NASDAQ:AXTA)

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