Axalta Coating Systems Ltd (AXTA) CEO Sells $6,716,809.83 in Stock

Axalta Coating Systems Ltd (NYSE:AXTA) CEO Charles W. Shaver sold 219,719 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $30.57, for a total transaction of $6,716,809.83. Following the completion of the sale, the chief executive officer now owns 522,752 shares of the company’s stock, valued at approximately $15,980,528.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Axalta Coating Systems Ltd (NYSE AXTA) opened at $30.57 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.50 and a debt-to-equity ratio of 2.69. Axalta Coating Systems Ltd has a twelve month low of $27.77 and a twelve month high of $38.20. The firm has a market cap of $7,377.98, a PE ratio of 235.17, a price-to-earnings-growth ratio of 1.64 and a beta of 1.38.

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

Several brokerages recently commented on AXTA. Nomura raised their price objective on shares of Axalta Coating Systems from $29.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday. BidaskClub upgraded shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Robert W. Baird reiterated a “buy” rating and issued a $35.00 price objective on shares of Axalta Coating Systems in a research note on Monday, October 30th. Instinet restated a “neutral” rating and set a $28.00 target price (down from $30.00) on shares of Axalta Coating Systems in a report on Friday, October 13th. Finally, Zacks Investment Research upgraded shares of Axalta Coating Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 11th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $33.53.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Axalta Coating Systems by 927.6% during the third quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock worth $117,000 after buying an additional 3,664 shares in the last quarter. American International Group Inc. purchased a new stake in shares of Axalta Coating Systems during the fourth quarter worth about $163,000. Advisor Group Inc. grew its holdings in shares of Axalta Coating Systems by 217.3% during the second quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 3,837 shares in the last quarter. LVW Advisors LLC purchased a new stake in shares of Axalta Coating Systems during the third quarter worth about $214,000. Finally, Rockefeller Financial Services Inc. purchased a new stake in shares of Axalta Coating Systems during the third quarter worth about $215,000. Institutional investors and hedge funds own 98.43% of the company’s stock.

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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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