Axalta Coating Systems Ltd. (NYSE:AXTA) CEO Charles W. Shaver sold 275,763 shares of the stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $28.06, for a total value of $7,737,909.78. Following the sale, the chief executive officer now directly owns 728,061 shares in the company, valued at approximately $20,429,391.66. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Axalta Coating Systems Ltd. (NYSE:AXTA) opened at 28.11 on Friday. Axalta Coating Systems Ltd. has a 52-week low of $20.67 and a 52-week high of $30.45. The company has a market capitalization of $6.72 billion, a price-to-earnings ratio of 44.76 and a beta of 1.62. The company’s 50-day moving average price is $28.12 and its 200 day moving average price is $28.19.

Axalta Coating Systems (NYSE:AXTA) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Axalta Coating Systems had a net margin of 3.76% and a return on equity of 20.89%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm posted $0.35 EPS. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, equities analysts expect 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)

A number of hedge funds have recently added to or reduced their stakes in AXTA. Daiwa Securities Group Inc. raised its stake in Axalta Coating Systems by 29.0% in the second quarter. Daiwa Securities Group Inc. now owns 4,000 shares of the company’s stock valued at $106,000 after buying an additional 900 shares in the last quarter. American International Group Inc. raised its stake in Axalta Coating Systems by 61.9% in the second quarter. American International Group Inc. now owns 4,059 shares of the company’s stock valued at $108,000 after buying an additional 1,552 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its stake in Axalta Coating Systems by 28.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 4,524 shares of the company’s stock valued at $108,000 after buying an additional 1,010 shares in the last quarter. Tredje AP fonden bought a new stake in Axalta Coating Systems during the second quarter valued at about $122,000. Finally, First Mercantile Trust Co. bought a new stake in Axalta Coating Systems during the second quarter valued at about $143,000. 99.27% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on AXTA. JPMorgan Chase & Co. set a $30.00 price objective on Axalta Coating Systems and gave the stock a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research raised Axalta Coating Systems from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. Barclays PLC reissued a “hold” rating on shares of Axalta Coating Systems in a report on Thursday, July 28th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $34.00 price target on shares of Axalta Coating Systems in a report on Thursday, September 8th. Finally, Nomura reaffirmed a “buy” rating on shares of Axalta Coating Systems in a report on Tuesday, July 12th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $32.92.

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. 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.

5 Day Chart for NYSE:AXTA

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