Axalta Coating Systems Ltd (NASDAQ:AXTA) SVP Michael A. Cash sold 34,874 shares of the business’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $30.00, for a total value of $1,046,220.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Axalta Coating Systems Ltd (NASDAQ:AXTA) traded up 0.10% during midday trading on Friday, hitting $30.05. The stock had a trading volume of 139,289 shares. The company has a market capitalization of $7.31 billion and a PE ratio of 3005.00. Axalta Coating Systems Ltd has a 52 week low of $24.27 and a 52 week high of $34.10. The company’s 50-day moving average price is $29.19 and its 200 day moving average price is $31.08.

Axalta Coating Systems (NASDAQ:AXTA) last released its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the business earned $0.34 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that Axalta Coating Systems Ltd will post $1.30 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at $108,000. Chicago Partners Investment Group LLC acquired a new stake in shares of Axalta Coating Systems during the 2nd quarter valued at $127,000. Commonwealth Bank of Australia boosted its holdings in shares of Axalta Coating Systems by 18.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 4,581 shares of the specialty chemicals company’s stock valued at $146,000 after acquiring an additional 703 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Axalta Coating Systems by 257.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 4,862 shares of the specialty chemicals company’s stock valued at $156,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of Axalta Coating Systems by 217.3% during the 2nd quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 3,837 shares in the last quarter.

Several analysts recently commented on the company. BidaskClub raised Axalta Coating Systems from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Bank of America Corporation lowered Axalta Coating Systems from a “buy” rating to an “underperform” rating and decreased their price target for the company from $36.00 to $30.00 in a research note on Wednesday, June 21st. Susquehanna Bancshares Inc initiated coverage on Axalta Coating Systems in a research report on Tuesday, July 18th. They issued a “neutral” rating and a $37.00 price objective for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $37.00 price objective on shares of Axalta Coating Systems in a research report on Friday, July 14th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Axalta Coating Systems in a research report on Thursday, July 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. Axalta Coating Systems has a consensus rating of “Hold” and an average price target of $33.08.

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 (NASDAQ:AXTA)

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