Axalta Coating Systems Ltd (AXTA) SVP Sells $57,727.84 in Stock

Axalta Coating Systems Ltd (NYSE:AXTA) SVP Michael F. Finn sold 1,889 shares of the stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $30.56, for a total value of $57,727.84. Following the sale, the senior vice president now owns 103,788 shares of the company’s stock, valued at approximately $3,171,761.28. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Axalta Coating Systems Ltd (AXTA) opened at $30.00 on Friday. The firm has a market capitalization of $7,377.98, a PE ratio of 230.79, a price-to-earnings-growth ratio of 1.64 and a beta of 1.38. Axalta Coating Systems Ltd has a 52 week low of $27.77 and a 52 week high of $38.20. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.50 and a current ratio of 2.11.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, February 6th. The specialty chemicals company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.05. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Axalta Coating Systems had a return on equity of 20.93% and a net margin of 0.84%. The company’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.16) EPS. equities research analysts expect that Axalta Coating Systems Ltd will post 1.35 earnings per share for the current fiscal year.

Several brokerages have recently commented on AXTA. Nomura increased their price objective on Axalta Coating Systems from $29.00 to $31.00 and gave the company a “neutral” rating in a report on Thursday. Royal Bank of Canada reiterated a “buy” rating and set a $35.00 price objective on shares of Axalta Coating Systems in a report on Thursday. Robert W. Baird reiterated a “buy” rating and set a $35.00 price objective on shares of Axalta Coating Systems in a report on Monday, October 30th. BidaskClub upgraded Axalta Coating Systems from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Finally, Instinet reiterated a “neutral” rating and set a $28.00 price objective (down previously from $30.00) on shares of Axalta Coating Systems in a report on Friday, October 13th. Three investment 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. The stock has an average rating of “Hold” and an average price target of $33.53.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. raised its stake in shares of Axalta Coating Systems by 927.6% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock valued at $117,000 after buying an additional 3,664 shares during the last quarter. Advisor Group Inc. raised its stake in shares of Axalta Coating Systems by 217.3% during the 2nd quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 3,837 shares during the last quarter. LVW Advisors LLC purchased a new position in shares of Axalta Coating Systems during the 3rd quarter valued at about $214,000. Rockefeller Financial Services Inc. purchased a new position in shares of Axalta Coating Systems during the 3rd quarter valued at about $215,000. Finally, Prudential Financial Inc. raised its stake in shares of Axalta Coating Systems by 24.6% during the 2nd quarter. Prudential Financial Inc. now owns 8,110 shares of the specialty chemicals company’s stock valued at $260,000 after buying an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 98.43% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was published by Community Financial News and is owned by of Community Financial News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.com-unik.info/2018/02/09/axalta-coating-systems-ltd-axta-svp-sells-57727-84-in-stock.html.

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)

Receive News & Ratings for Axalta Coating Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit