Axalta Coating Systems Ltd (AXTA) VP Sean M. Lannon Sells 1,080 Shares

Axalta Coating Systems Ltd (NYSE:AXTA) VP Sean M. Lannon sold 1,080 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $30.77, for a total value of $33,231.60. Following the sale, the vice president now owns 14,243 shares in the company, valued at $438,257.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Axalta Coating Systems Ltd (AXTA) traded up $0.46 during midday trading on Tuesday, reaching $30.27. The company’s stock had a trading volume of 3,701,461 shares, compared to its average volume of 1,959,758. The company has a market cap of $7,360.00, a price-to-earnings ratio of 104.38, a P/E/G ratio of 1.67 and a beta of 1.38. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.11 and a quick ratio of 1.50. Axalta Coating Systems Ltd has a fifty-two week low of $27.77 and a fifty-two week high of $38.20.

Axalta Coating Systems (NYSE:AXTA) last announced its earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The company’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.16) EPS. sell-side analysts expect that Axalta Coating Systems Ltd will post 1.14 EPS for the current fiscal year.

A number of analysts recently issued reports on the company. Instinet reiterated a “neutral” rating and set a $28.00 price objective (down from $30.00) on shares of Axalta Coating Systems in a research note on Friday, October 13th. Royal Bank of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of Axalta Coating Systems in a research note on Monday, October 30th. They noted that the move was a valuation call. KeyCorp reiterated a “buy” rating and set a $36.00 price objective on shares of Axalta Coating Systems in a research note on Thursday, October 12th. Nomura upgraded Axalta Coating Systems to a “buy” rating and decreased their price objective for the company from $30.00 to $28.00 in a research note on Tuesday, October 10th. Finally, Citigroup lowered Axalta Coating Systems from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $31.00 to $25.00 in a research note on Tuesday, October 10th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.60.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Country Trust Bank bought a new position in Axalta Coating Systems in the 3rd quarter worth about $5,038,000. State Street Corp increased its stake in Axalta Coating Systems by 11.2% in the 2nd quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock worth $116,710,000 after acquiring an additional 365,915 shares during the last quarter. Principal Financial Group Inc. increased its stake in Axalta Coating Systems by 1.0% in the 3rd quarter. Principal Financial Group Inc. now owns 2,309,651 shares of the specialty chemicals company’s stock worth $66,795,000 after acquiring an additional 22,515 shares during the last quarter. State of Wisconsin Investment Board increased its stake in Axalta Coating Systems by 31.9% in the 3rd quarter. State of Wisconsin Investment Board now owns 532,080 shares of the specialty chemicals company’s stock worth $15,388,000 after acquiring an additional 128,682 shares during the last quarter. Finally, Marathon Asset Management LLP increased its stake in Axalta Coating Systems by 32.8% in the 3rd quarter. Marathon Asset Management LLP now owns 1,250,613 shares of the specialty chemicals company’s stock worth $36,168,000 after acquiring an additional 308,752 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

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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.

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

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