Trade Report: Today, 24,237 Shares of Axalta Coating Systems Ltd. (AXTA) Stock are sold by Charles W. Shaver

Today, 24,237 Shares of Axalta Coating Systems Ltd. (AXTA) Stock are sold by Charles W. Shaver

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

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