Steven R. Markevich Sells 108,558 Shares of Axalta Coating Systems Ltd (AXTA) Stock

Axalta Coating Systems Ltd (NASDAQ:AXTA) EVP Steven R. Markevich sold 108,558 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $31.13, for a total transaction of $3,379,410.54. Following the sale, the executive vice president now directly owns 341,725 shares in the company, valued at approximately $10,637,899.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Axalta Coating Systems Ltd (NASDAQ:AXTA) opened at 32.10 on Tuesday. The stock has a 50 day moving average of $29.86 and a 200 day moving average of $27.75. The company has a market cap of $7.75 billion and a price-to-earnings ratio of 188.82. Axalta Coating Systems Ltd has a 52 week low of $24.27 and a 52 week high of $33.06.

Axalta Coating Systems (NASDAQ:AXTA) last announced its earnings results on Wednesday, February 8th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 earnings per share. Equities research analysts predict that Axalta Coating Systems Ltd will post $1.39 earnings per share for the current fiscal year.

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

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A number of brokerages have commented on AXTA. Instinet reissued a “buy” rating and set a $33.00 price objective on shares of Axalta Coating Systems in a report on Tuesday, March 14th. They noted that the move was a valuation call. Citigroup Inc lowered shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating in a report on Monday, January 9th. Royal Bank of Canada reissued a “buy” rating and set a $31.00 price objective on shares of Axalta Coating Systems in a report on Wednesday, January 4th. Barclays PLC reissued a “hold” rating and set a $33.00 price objective on shares of Axalta Coating Systems in a report on Thursday, February 9th. Finally, Jefferies Group LLC increased their price objective on shares of Axalta Coating Systems to $36.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $33.14.

Large investors have recently made changes to their positions in the stock. Comerica Bank acquired a new stake in shares of Axalta Coating Systems during the fourth quarter worth about $218,000. GLG LLC boosted its stake in shares of Axalta Coating Systems by 6.8% in the fourth quarter. GLG LLC now owns 10,145 shares of the company’s stock worth $276,000 after buying an additional 645 shares during the last quarter. Janus Capital Management LLC boosted its stake in shares of Axalta Coating Systems by 43.9% in the fourth quarter. Janus Capital Management LLC now owns 10,793 shares of the company’s stock worth $294,000 after buying an additional 3,293 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Axalta Coating Systems during the fourth quarter worth about $312,000. Finally, Gabelli Funds LLC boosted its stake in shares of Axalta Coating Systems by 9.1% in the fourth quarter. Gabelli Funds LLC now owns 12,000 shares of the company’s stock worth $326,000 after buying an additional 1,000 shares during the last quarter.

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. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base.

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