Axalta Coating Systems Ltd (AXTA) Director Buys $112,640.00 in Stock
Axalta Coating Systems Ltd (NASDAQ:AXTA) Director Samuel L. Smolik bought 4,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was bought at an average price of $28.16 per share, with a total value of $112,640.00. Following the purchase, the director now owns 4,000 shares in the company, valued at $112,640. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Axalta Coating Systems Ltd (NASDAQ AXTA) traded down 0.57% during mid-day trading on Monday, hitting $28.08. The stock had a trading volume of 3,599,976 shares. The stock’s 50-day moving average is $32.58 and its 200 day moving average is $31.29. The company has a market cap of $6.80 billion and a PE ratio of 92.98. Axalta Coating Systems Ltd has a 12 month low of $24.27 and a 12 month high of $34.10.
Axalta Coating Systems (NASDAQ:AXTA) last announced its quarterly earnings results on Thursday, August 3rd. The specialty chemicals company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by $0.08. Axalta Coating Systems had a net margin of 6.50% and a return on equity of 21.46%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the company posted $0.34 earnings per share. Axalta Coating Systems’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts forecast that Axalta Coating Systems Ltd will post $1.33 earnings per share for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC purchased a new position in shares of Axalta Coating Systems during the second quarter worth approximately $127,000. Mn Services Vermogensbeheer B.V. raised its position in shares of Axalta Coating Systems by 5.4% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,772 shares of the specialty chemicals company’s stock worth $174,000 after buying an additional 294 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Axalta Coating Systems by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 6,300 shares of the specialty chemicals company’s stock worth $203,000 after buying an additional 900 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Axalta Coating Systems during the first quarter worth approximately $210,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in shares of Axalta Coating Systems during the second quarter worth approximately $212,000.
Several brokerages have commented on AXTA. BidaskClub downgraded Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Instinet downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research note on Friday, April 21st. Jefferies Group LLC restated a “buy” rating on shares of Axalta Coating Systems in a research note on Thursday, July 6th. Royal Bank Of Canada restated a “buy” rating and issued a $36.00 target price on shares of Axalta Coating Systems in a research note on Thursday, July 6th. Finally, Bank of America Corporation downgraded Axalta Coating Systems from a “buy” rating to an “underperform” rating and cut their target price for the stock from $36.00 to $30.00 in a research note on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $34.13.
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. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.
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