Axalta Coating Systems Ltd. (NYSE:AXTA) VP Sean M. Lannon sold 9,336 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $28.07, for a total value of $262,061.52. Following the completion of the sale, the vice president now directly owns 3,615 shares of the company’s stock, valued at approximately $101,473.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Axalta Coating Systems Ltd. (NYSE:AXTA) opened at 26.76 on Monday. The stock has a 50 day moving average price of $28.08 and a 200-day moving average price of $28.18. Axalta Coating Systems Ltd. has a 12-month low of $20.67 and a 12-month high of $30.45. The company has a market cap of $6.40 billion, a price-to-earnings ratio of 42.61 and a beta of 1.62.
Axalta Coating Systems (NYSE:AXTA) last released its earnings results 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. Axalta Coating Systems had a net margin of 3.76% and a return on equity of 20.89%. The company earned $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted $0.35 EPS. The company’s revenue was down 2.6% on a year-over-year basis. On average, analysts predict that Axalta Coating Systems Ltd. will post $1.16 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC bought a new stake in Axalta Coating Systems during the first quarter worth $256,000. Nisa Investment Advisors L.L.C. acquired a new position in shares of Axalta Coating Systems during the first quarter worth about $429,000. Ngam Advisors L.P. increased its position in shares of Axalta Coating Systems by 59.1% in the first quarter. Ngam Advisors L.P. now owns 125,487 shares of the company’s stock worth $3,664,000 after buying an additional 46,636 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Axalta Coating Systems by 5.7% in the first quarter. TIAA CREF Investment Management LLC now owns 254,922 shares of the company’s stock worth $7,444,000 after buying an additional 13,796 shares in the last quarter. Finally, Teachers Advisors Inc. increased its position in shares of Axalta Coating Systems by 6.5% in the first quarter. Teachers Advisors Inc. now owns 98,851 shares of the company’s stock worth $2,886,000 after buying an additional 6,043 shares in the last quarter. 99.27% of the stock is owned by institutional investors.
Several research firms recently commented on AXTA. Barclays PLC reaffirmed a “hold” rating on shares of Axalta Coating Systems in a research note on Thursday, July 28th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $34.00 target price on shares of Axalta Coating Systems in a research note on Thursday, September 8th. Seaport Global Securities raised Axalta Coating Systems from an “accumulate” rating to a “buy” rating and raised their target price for the stock from $34.00 to $36.00 in a research note on Wednesday, July 27th. Gabelli began coverage on Axalta Coating Systems in a research note on Thursday, September 1st. They set a “buy” rating and a $37.00 target price for the company. Finally, Zacks Investment Research raised Axalta Coating Systems from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Axalta Coating Systems has a consensus rating of “Buy” and a consensus price target of $32.92.
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. 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.
Receive News & Ratings for Axalta Coating Systems Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.