Joseph F. Mcdougall Sells 34,281 Shares of Axalta Coating Systems Ltd (AXTA) Stock
Axalta Coating Systems Ltd (NYSE:AXTA) EVP Joseph F. Mcdougall sold 34,281 shares of Axalta Coating Systems stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $29.87, for a total transaction of $1,023,973.47. Following the completion of the sale, the executive vice president now owns 73,767 shares of the company’s stock, valued at approximately $2,203,420.29. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of AXTA stock opened at $30.03 on Friday. The company has a debt-to-equity ratio of 2.73, a current ratio of 2.27 and a quick ratio of 1.67. Axalta Coating Systems Ltd has a 52 week low of $28.04 and a 52 week high of $38.20. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 1.63 and a beta of 1.28.
Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Wednesday, July 25th. The specialty chemicals company reported $0.36 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Axalta Coating Systems had a net margin of 2.97% and a return on equity of 21.32%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the company posted $0.31 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year. equities analysts forecast that Axalta Coating Systems Ltd will post 1.27 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the business. Quantitative Systematic Strategies LLC purchased a new stake in shares of Axalta Coating Systems during the 1st quarter worth $288,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Axalta Coating Systems by 4.8% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 81,411 shares of the specialty chemicals company’s stock worth $2,468,000 after purchasing an additional 3,752 shares during the last quarter. IBM Retirement Fund purchased a new stake in shares of Axalta Coating Systems during the 1st quarter worth $254,000. Hennessy Advisors Inc. lifted its position in shares of Axalta Coating Systems by 114.9% during the 1st quarter. Hennessy Advisors Inc. now owns 34,560 shares of the specialty chemicals company’s stock worth $1,043,000 after purchasing an additional 18,480 shares during the last quarter. Finally, CQS Cayman LP purchased a new stake in shares of Axalta Coating Systems during the 1st quarter worth $347,000.
About Axalta Coating Systems
Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.
Further Reading: Book Value Per Share – BVPS
Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.