Axalta Coating Systems Ltd (AXTA) SVP Sells $129,007.00 in Stock
Axalta Coating Systems Ltd (NYSE:AXTA) SVP Michael F. Finn sold 3,950 shares of Axalta Coating Systems stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $32.66, for a total value of $129,007.00. Following the completion of the transaction, the senior vice president now owns 108,818 shares in the company, valued at approximately $3,553,995.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Axalta Coating Systems Ltd (NYSE:AXTA) traded down $0.50 during midday trading on Friday, reaching $31.00. The company’s stock had a trading volume of 4,153,917 shares, compared to its average volume of 5,313,355. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.50 and a current ratio of 2.11. The firm has a market capitalization of $7,674.36, a P/E ratio of 28.38, a PEG ratio of 1.97 and a beta of 1.55. Axalta Coating Systems Ltd has a fifty-two week low of $26.20 and a fifty-two week high of $38.20.
Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.09 billion. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. analysts expect that Axalta Coating Systems Ltd will post 1.15 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of AXTA. Artisan Partners Limited Partnership acquired a new stake in shares of Axalta Coating Systems during the third quarter worth about $94,884,000. Janus Henderson Group PLC lifted its holdings in shares of Axalta Coating Systems by 8,917.7% during the second quarter. Janus Henderson Group PLC now owns 2,210,694 shares of the specialty chemicals company’s stock worth $70,831,000 after purchasing an additional 2,186,179 shares during the period. Davis Selected Advisers lifted its holdings in shares of Axalta Coating Systems by 30.1% during the third quarter. Davis Selected Advisers now owns 9,402,305 shares of the specialty chemicals company’s stock worth $271,921,000 after purchasing an additional 2,173,915 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Axalta Coating Systems by 2,384.0% during the second quarter. Voya Investment Management LLC now owns 1,643,485 shares of the specialty chemicals company’s stock worth $52,657,000 after purchasing an additional 1,577,323 shares during the period. Finally, Gruss Capital Management LP acquired a new stake in shares of Axalta Coating Systems during the second quarter worth about $31,079,000. 99.28% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 11th. Vertical Research lowered Axalta Coating Systems from a “buy” rating to a “hold” rating and set a $31.00 target price on the stock. in a research note on Friday, December 1st. KeyCorp reiterated an “overweight” rating and issued a $40.00 target price (up previously from $36.00) on shares of Axalta Coating Systems in a research note on Tuesday, November 28th. TheStreet upgraded Axalta Coating Systems from a “c” rating to a “b-” rating in a research note on Wednesday, November 15th. Finally, BidaskClub lowered Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.73.
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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.
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