Axalta Coating Systems Ltd. (NYSE:AXTA) CEO Charles W. Shaver sold 24,237 shares of Axalta Coating Systems stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $28.05, for a total value of $679,847.85. Following the completion of the transaction, the chief executive officer now owns 728,061 shares of the company’s stock, valued at $20,422,111.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) traded down 0.07% during trading on Wednesday, reaching $28.05. The company had a trading volume of 2,540,332 shares. Axalta Coating Systems Ltd. has a 52-week low of $20.67 and a 52-week high of $30.45. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 44.67 and a beta of 1.62. The stock has a 50 day moving average of $28.11 and a 200 day moving average of $28.20.
Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by $0.01. The firm earned $1.07 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Axalta Coating Systems had a net margin of 3.76% and a return on equity of 20.89%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 earnings per share. Equities research analysts forecast that Axalta Coating Systems Ltd. will post $1.16 EPS for the current year.
AXTA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. set a $30.00 price target on Axalta Coating Systems and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised Axalta Coating Systems from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Barclays PLC reaffirmed a “hold” rating on shares of Axalta Coating Systems in a report on Thursday, July 28th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $34.00 price target on shares of Axalta Coating Systems in a report on Thursday, September 8th. Finally, Nomura reaffirmed a “buy” rating on shares of Axalta Coating Systems in a report on Tuesday, July 12th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $32.92.
A number of institutional investors have recently bought and sold shares of AXTA. Daiwa Securities Group Inc. boosted its position in Axalta Coating Systems by 29.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,000 shares of the company’s stock worth $106,000 after buying an additional 900 shares during the last quarter. American International Group Inc. boosted its position in Axalta Coating Systems by 61.9% in the second quarter. American International Group Inc. now owns 4,059 shares of the company’s stock worth $108,000 after buying an additional 1,552 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in Axalta Coating Systems by 28.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 4,524 shares of the company’s stock worth $108,000 after buying an additional 1,010 shares during the last quarter. Tredje AP fonden purchased a new position in Axalta Coating Systems during the second quarter worth $122,000. Finally, First Mercantile Trust Co. purchased a new position in Axalta Coating Systems during the second quarter worth $143,000. 99.27% of the stock is owned by institutional investors.
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. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base.
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