Axalta Coating Systems Ltd. (NYSE:AXTA) CEO Charles W. Shaver sold 24,237 shares of the firm’s stock in a transaction that occurred on Tuesday, October 4th. The stock was sold at an average price of $28.05, for a total transaction of $679,847.85. Following the transaction, the chief executive officer now directly owns 728,061 shares in the company, valued at $20,422,111.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Axalta Coating Systems Ltd. (NYSE:AXTA) opened at 28.11 on Friday. Axalta Coating Systems Ltd. has a one year low of $20.67 and a one year high of $30.45. The firm has a market cap of $6.72 billion, a price-to-earnings ratio of 44.76 and a beta of 1.62. The stock’s 50 day moving average is $28.12 and its 200-day moving average is $28.19.
Axalta Coating Systems (NYSE:AXTA) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. The business had revenue of $1.07 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, equities research analysts expect that Axalta Coating Systems Ltd. will post $1.16 earnings per share for the current fiscal year.
Several research analysts have recently commented on the stock. JPMorgan Chase & Co. set a $30.00 target price on shares of Axalta Coating Systems and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Barclays PLC reissued a “hold” rating on shares of Axalta Coating Systems in a research note on Thursday, July 28th. Credit Suisse Group AG reissued an “outperform” rating and issued a $34.00 price objective on shares of Axalta Coating Systems in a research note on Thursday, September 8th. Finally, Nomura reissued a “buy” rating on shares of Axalta Coating Systems in a research note on Tuesday, July 12th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $32.92.
Several hedge funds have recently made changes to their positions in AXTA. BlackRock Group LTD boosted its stake in shares of Axalta Coating Systems by 1.1% in the first quarter. BlackRock Group LTD now owns 1,916,755 shares of the company’s stock worth $55,971,000 after buying an additional 20,815 shares during the last quarter. Nisa Investment Advisors L.L.C. acquired a new stake in shares of Axalta Coating Systems during the first quarter worth approximately $429,000. Royal Bank of Canada boosted its stake in shares of Axalta Coating Systems by 3.5% in the first quarter. Royal Bank of Canada now owns 7,050 shares of the company’s stock worth $207,000 after buying an additional 236 shares during the last quarter. Gabelli Funds LLC acquired a new stake in shares of Axalta Coating Systems during the second quarter worth approximately $265,000. Finally, State Board of Administration of Florida Retirement System raised its stake in Axalta Coating Systems by 47.1% in the second quarter. State Board of Administration of Florida Retirement System now owns 116,167 shares of the company’s stock worth $3,082,000 after buying an additional 37,190 shares during the period. Institutional investors own 99.27% of the company’s stock.
Axalta Coating Systems Company Profile