Axalta Coating Systems Ltd. (NYSE:AXTA) Insider Sells $392,869.49 in Stock

Axalta Coating Systems Ltd. (NYSE:AXTA) insider Troy D. Weaver sold 10,457 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $37.57, for a total transaction of $392,869.49. Following the sale, the insider now owns 74,905 shares in the company, valued at approximately $2,814,180.85. This trade represents a 12.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Axalta Coating Systems Trading Down 0.8 %

NYSE AXTA opened at $37.15 on Friday. Axalta Coating Systems Ltd. has a 12 month low of $30.41 and a 12 month high of $41.65. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.01 and a quick ratio of 1.42. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The firm’s fifty day moving average price is $36.11 and its 200 day moving average price is $36.50.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings data on Tuesday, February 4th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.09. Axalta Coating Systems had a net margin of 7.41% and a return on equity of 26.29%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the firm posted $0.43 EPS. Axalta Coating Systems’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, sell-side analysts expect that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AXTA. Geode Capital Management LLC lifted its stake in shares of Axalta Coating Systems by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,669,190 shares of the specialty chemicals company’s stock worth $132,823,000 after acquiring an additional 31,894 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of Axalta Coating Systems by 68.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock worth $1,310,000 after acquiring an additional 14,704 shares during the period. Oak Thistle LLC lifted its stake in shares of Axalta Coating Systems by 434.3% in the 4th quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock worth $1,353,000 after acquiring an additional 32,135 shares during the period. Lord Abbett & CO. LLC lifted its stake in shares of Axalta Coating Systems by 5.8% in the 3rd quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock worth $16,135,000 after acquiring an additional 24,402 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Axalta Coating Systems by 85.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 438,290 shares of the specialty chemicals company’s stock worth $15,862,000 after acquiring an additional 201,766 shares during the period. 98.28% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AXTA has been the topic of a number of research reports. BMO Capital Markets increased their target price on shares of Axalta Coating Systems from $46.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 13th. Wolfe Research raised shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research report on Friday, January 17th. Barclays increased their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, February 5th. Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $45.00 to $41.00 in a research report on Wednesday, December 18th. Finally, Evercore ISI began coverage on shares of Axalta Coating Systems in a research report on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price objective on the stock. Three analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Axalta Coating Systems has a consensus rating of “Buy” and a consensus target price of $43.08.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high-performance coatings systems in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through two segments, Performance Coatings and Mobility Coatings.