Insider Selling: Axalta Coating Systems Ltd (AXTA) CEO Sells $60,108.48 in Stock

Axalta Coating Systems Ltd (NYSE:AXTA) CEO Robert W. Bryant sold 2,319 shares of Axalta Coating Systems stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $25.92, for a total transaction of $60,108.48. Following the transaction, the chief executive officer now directly owns 176,956 shares in the company, valued at $4,586,699.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of Axalta Coating Systems stock opened at $26.04 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.63 and a debt-to-equity ratio of 2.86. Axalta Coating Systems Ltd has a 52-week low of $21.58 and a 52-week high of $33.30. The company has a market capitalization of $6.22 billion, a PE ratio of 20.19, a PEG ratio of 1.49 and a beta of 1.25.

Axalta Coating Systems (NYSE:AXTA) last issued its earnings results on Wednesday, January 30th. The specialty chemicals company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Axalta Coating Systems had a net margin of 4.42% and a return on equity of 21.75%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business earned ($0.26) earnings per share. The business’s revenue was down .6% on a year-over-year basis. As a group, analysts predict that Axalta Coating Systems Ltd will post 1.34 EPS for the current year.



Several institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Axalta Coating Systems by 0.6% in the fourth quarter. BlackRock Inc. now owns 10,945,101 shares of the specialty chemicals company’s stock worth $256,336,000 after purchasing an additional 64,482 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Axalta Coating Systems by 2.0% in the third quarter. Diamond Hill Capital Management Inc. now owns 10,630,592 shares of the specialty chemicals company’s stock worth $309,988,000 after purchasing an additional 210,997 shares during the last quarter. FMR LLC grew its holdings in shares of Axalta Coating Systems by 79.9% in the third quarter. FMR LLC now owns 6,696,710 shares of the specialty chemicals company’s stock worth $195,277,000 after purchasing an additional 2,973,422 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Axalta Coating Systems by 17.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,704,794 shares of the specialty chemicals company’s stock worth $133,606,000 after purchasing an additional 844,587 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Axalta Coating Systems by 32.4% in the third quarter. Bessemer Group Inc. now owns 4,498,794 shares of the specialty chemicals company’s stock worth $131,183,000 after purchasing an additional 1,100,838 shares during the last quarter. Hedge funds and other institutional investors own 99.63% of the company’s stock.

Several research analysts have commented on AXTA shares. Nomura decreased their price target on shares of Axalta Coating Systems from $34.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, October 15th. Zacks Investment Research downgraded shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Thursday, December 27th. UBS Group set a $32.00 price target on shares of Axalta Coating Systems and gave the stock a “buy” rating in a research note on Thursday, December 20th. Credit Suisse Group set a $34.00 price target on shares of Axalta Coating Systems and gave the stock a “buy” rating in a research note on Thursday, December 13th. Finally, Bank of America raised shares of Axalta Coating Systems from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $30.30.

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Axalta Coating Systems Company Profile

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.

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Insider Buying and Selling by Quarter for Axalta Coating Systems (NYSE:AXTA)

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