Steven R. Markevich Sells 921 Shares of Axalta Coating Systems Ltd. (AXTA) Stock
Axalta Coating Systems Ltd. (NYSE:AXTA) EVP Steven R. Markevich sold 921 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $28.05, for a total transaction of $25,834.05. Following the transaction, the executive vice president now directly owns 191,609 shares in the company, valued at $5,374,632.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) opened at 28.11 on Friday. Axalta Coating Systems Ltd. has a 12 month low of $20.67 and a 12 month high of $30.45. The firm has a market capitalization of $6.72 billion, a PE ratio of 44.76 and a beta of 1.62. The firm’s 50 day moving average is $28.12 and its 200-day moving average is $28.19.
Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Axalta Coating Systems had a return on equity of 20.89% and a net margin of 3.76%. The company’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.35 EPS. On average, analysts expect that Axalta Coating Systems Ltd. will post $1.16 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AXTA. Aperio Group LLC purchased a new position in Axalta Coating Systems during the first quarter worth $256,000. Nisa Investment Advisors L.L.C. purchased a new position in Axalta Coating Systems during the first quarter worth $429,000. Ngam Advisors L.P. boosted its position in Axalta Coating Systems by 59.1% in the first quarter. Ngam Advisors L.P. now owns 125,487 shares of the company’s stock worth $3,664,000 after buying an additional 46,636 shares during the period. TIAA CREF Investment Management LLC boosted its position in Axalta Coating Systems by 5.7% in the first quarter. TIAA CREF Investment Management LLC now owns 254,922 shares of the company’s stock worth $7,444,000 after buying an additional 13,796 shares during the period. Finally, Teachers Advisors Inc. boosted its position in Axalta Coating Systems by 6.5% in the first quarter. Teachers Advisors Inc. now owns 98,851 shares of the company’s stock worth $2,886,000 after buying an additional 6,043 shares during the period. Institutional investors own 99.27% of the company’s stock.
AXTA has been the topic of several research reports. Morgan Stanley reissued a “hold” rating on shares of Axalta Coating Systems in a research note on Thursday, June 16th. Credit Suisse Group AG reissued an “outperform” rating and issued a $32.00 price target on shares of Axalta Coating Systems in a research note on Monday, June 27th. Robert W. Baird reissued an “outperform” rating and issued a $35.00 price target (up from $32.00) on shares of Axalta Coating Systems in a research note on Monday, June 27th. Zacks Investment Research downgraded shares of Axalta Coating Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. Finally, Nomura restated a “buy” rating on shares of Axalta Coating Systems in a research 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 company’s stock. The company has a consensus rating of “Buy” and an average target price of $32.92.
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.
Receive News & Stock Ratings for Axalta Coating Systems Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Axalta Coating Systems Ltd. and related stocks with our FREE daily email newsletter.