Axalta Coating Systems Ltd (AXTA) SVP Sells $592,109.91 in Stock

Axalta Coating Systems Ltd (NASDAQ:AXTA) SVP Michael A. Cash sold 18,851 shares of Axalta Coating Systems stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $31.41, for a total transaction of $592,109.91. Following the completion of the transaction, the senior vice president now directly owns 152,417 shares of the company’s stock, valued at approximately $4,787,417.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Axalta Coating Systems Ltd (NASDAQ:AXTA) traded up 1.20% during mid-day trading on Friday, hitting $31.30. 177,137 shares of the stock were exchanged. The company has a market capitalization of $7.58 billion and a PE ratio of 103.64. Axalta Coating Systems Ltd has a 52 week low of $24.27 and a 52 week high of $33.06. The stock’s 50-day moving average is $31.48 and its 200 day moving average is $29.04.

Axalta Coating Systems (NASDAQ:AXTA) last released its quarterly earnings data on Wednesday, April 26th. The specialty chemicals company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $994.43 million. During the same period last year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Axalta Coating Systems Ltd will post $1.38 EPS for the current year.

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

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A number of research analysts have recently commented on AXTA shares. Gabelli downgraded shares of Axalta Coating Systems from a “buy” rating to a “hold” rating in a research report on Thursday, February 9th. Royal Bank of Canada decreased their price objective on shares of Axalta Coating Systems from $31.00 to $3.00 and set an “outperform” rating for the company in a research report on Thursday, February 9th. Zacks Investment Research raised shares of Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, April 11th. Evercore ISI started coverage on shares of Axalta Coating Systems in a research report on Monday, February 13th. They issued a “buy” rating and a $34.00 price objective for the company. Finally, Instinet lifted their price objective on shares of Axalta Coating Systems from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Axalta Coating Systems presently has an average rating of “Hold” and an average target price of $33.73.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AXTA. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Axalta Coating Systems by 25.4% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,764 shares of the specialty chemicals company’s stock valued at $870,000 after buying an additional 6,228 shares during the period. DnB Asset Management AS bought a new position in Axalta Coating Systems during the third quarter valued at approximately $297,000. US Bancorp DE raised its position in Axalta Coating Systems by 8,686.2% in the third quarter. US Bancorp DE now owns 5,096 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 5,038 shares during the period. BlackRock Fund Advisors raised its position in Axalta Coating Systems by 6.7% in the third quarter. BlackRock Fund Advisors now owns 1,809,124 shares of the specialty chemicals company’s stock valued at $51,144,000 after buying an additional 113,722 shares during the period. Finally, Teachers Advisors LLC raised its position in Axalta Coating Systems by 3.5% in the third quarter. Teachers Advisors LLC now owns 140,729 shares of the specialty chemicals company’s stock valued at $3,978,000 after buying an additional 4,778 shares during the period.

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.

5 Day Chart for NASDAQ:AXTA

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