Axalta Coating Systems Ltd. (NYSE:AXTA) SVP Michael F. Finn sold 36,398 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $28.09, for a total transaction of $1,022,419.82. Following the sale, the senior vice president now directly owns 102,782 shares of the company’s stock, valued at approximately $2,887,146.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Axalta Coating Systems Ltd. (NYSE:AXTA) opened at 28.07 on Wednesday. Axalta Coating Systems Ltd. has a 12 month low of $20.67 and a 12 month high of $30.45. The stock has a 50 day moving average of $28.10 and a 200 day moving average of $28.20. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 44.70 and a beta of 1.62.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.01. The company earned $1.07 billion during the quarter, compared to the consensus estimate of $1.07 billion. Axalta Coating Systems had a net margin of 3.76% and a return on equity of 20.89%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 EPS. Equities analysts anticipate that Axalta Coating Systems Ltd. will post $1.16 EPS for the current fiscal year.

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

Several brokerages have recently issued reports on AXTA. Credit Suisse Group AG reissued an “outperform” rating and set a $34.00 price objective on shares of Axalta Coating Systems in a research report on Thursday, September 8th. Gabelli began coverage on shares of Axalta Coating Systems in a research report on Thursday, September 1st. They set a “buy” rating and a $37.00 price objective for the company. JPMorgan Chase & Co. set a $30.00 target price on shares of Axalta Coating Systems and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research upgraded shares of Axalta Coating Systems from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Finally, Barclays PLC restated a “hold” rating on shares of Axalta Coating Systems in a report on Thursday, July 28th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Axalta Coating Systems presently has a consensus rating of “Buy” and a consensus target price of $32.92.

Hedge funds have recently added to or reduced their stakes in the stock. William Blair Investment Management LLC bought a new stake in Axalta Coating Systems during the second quarter valued at $122,449,000. Iridian Asset Management LLC CT raised its stake in Axalta Coating Systems by 22.3% in the second quarter. Iridian Asset Management LLC CT now owns 14,428,794 shares of the company’s stock valued at $382,796,000 after buying an additional 2,629,995 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Axalta Coating Systems during the second quarter valued at $69,059,000. BlackRock Advisors LLC raised its stake in Axalta Coating Systems by 61.9% in the second quarter. BlackRock Advisors LLC now owns 5,678,452 shares of the company’s stock valued at $150,650,000 after buying an additional 2,170,700 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Axalta Coating Systems by 97.8% in the second quarter. First Eagle Investment Management LLC now owns 3,718,020 shares of the company’s stock valued at $98,639,000 after buying an additional 1,838,185 shares in the last quarter. Institutional investors own 99.27% of the company’s stock.

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. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base.

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