Axalta Coating Systems Ltd (AXTA) CFO Robert W. Bryant Sells 1,783 Shares

Axalta Coating Systems Ltd (NYSE:AXTA) CFO Robert W. Bryant sold 1,783 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $30.63, for a total value of $54,613.29. Following the completion of the transaction, the chief financial officer now owns 211,951 shares of the company’s stock, valued at approximately $6,492,059.13. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Axalta Coating Systems Ltd (NYSE:AXTA) traded up $0.06 on Thursday, reaching $30.31. The company had a trading volume of 1,487,712 shares, compared to its average volume of 1,920,425. Axalta Coating Systems Ltd has a 52-week low of $27.77 and a 52-week high of $38.20. The company has a market capitalization of $7,350.00, a PE ratio of 215.57, a PEG ratio of 1.64 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 (NYSE:AXTA) last announced its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.05. Axalta Coating Systems had a return on equity of 20.93% and a net margin of 0.84%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business posted ($0.16) earnings per share. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. sell-side analysts predict that Axalta Coating Systems Ltd will post 1.35 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in AXTA. Artisan Partners Limited Partnership bought a new position in Axalta Coating Systems during the third quarter worth $94,884,000. Janus Henderson Group PLC lifted its stake in Axalta Coating Systems by 8,917.7% during the second quarter. Janus Henderson Group PLC now owns 2,210,694 shares of the specialty chemicals company’s stock worth $70,831,000 after purchasing an additional 2,186,179 shares during the last quarter. Davis Selected Advisers lifted its stake in Axalta Coating Systems by 30.1% during the third quarter. Davis Selected Advisers now owns 9,402,305 shares of the specialty chemicals company’s stock worth $271,921,000 after purchasing an additional 2,173,915 shares during the last quarter. Confluence Investment Management LLC lifted its stake in Axalta Coating Systems by 146.1% during the fourth quarter. Confluence Investment Management LLC now owns 2,294,824 shares of the specialty chemicals company’s stock worth $74,261,000 after purchasing an additional 1,362,163 shares during the last quarter. Finally, Jana Partners LLC bought a new position in Axalta Coating Systems during the third quarter worth $21,996,000. Hedge funds and other institutional investors own 98.43% of the company’s stock.

Several research firms have recently commented on AXTA. KeyCorp reiterated a “buy” rating and set a $36.00 target price on shares of Axalta Coating Systems in a research note on Thursday, October 12th. Credit Suisse Group increased their target price on Axalta Coating Systems from $33.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, November 6th. Zacks Investment Research cut Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, January 9th. Raymond James Financial began coverage on Axalta Coating Systems in a research note on Tuesday, December 19th. They set a “market perform” rating for the company. Finally, UBS Group reduced their target price on Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. Axalta Coating Systems has an average rating of “Hold” and an average target price of $33.67.

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About Axalta Coating Systems

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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