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 firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $37.57, for a total transaction of $392,869.49. Following the completion of the sale, the insider now owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This trade represents a 12.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Axalta Coating Systems Stock Performance

Shares of NYSE AXTA opened at $37.15 on Friday. The company has a market cap of $8.10 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. 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 50-day simple moving average of $36.11 and a 200-day simple moving average of $36.50.

Axalta Coating Systems (NYSE:AXTA) last issued its quarterly earnings results on Tuesday, February 4th. The specialty chemicals company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the firm posted $0.43 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that Axalta Coating Systems Ltd. will post 2.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AXTA. Evercore ISI began coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They issued an “outperform” rating and a $47.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Axalta Coating Systems from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Wolfe Research upgraded shares of Axalta Coating Systems from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a report on Friday, January 17th. Finally, Citigroup downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and dropped their target price for the company from $45.00 to $41.00 in a report on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Axalta Coating Systems presently has an average rating of “Buy” and a consensus price target of $43.08.

Institutional Investors Weigh In On Axalta Coating Systems

Institutional investors have recently bought and sold shares of the stock. Eagle Bay Advisors LLC grew its holdings in Axalta Coating Systems by 116.3% in the fourth quarter. Eagle Bay Advisors LLC now owns 824 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 443 shares during the period. First Horizon Advisors Inc. grew its holdings in Axalta Coating Systems by 35.2% in the third quarter. First Horizon Advisors Inc. now owns 1,021 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 266 shares during the period. True Wealth Design LLC purchased a new stake in Axalta Coating Systems in the third quarter valued at approximately $37,000. Millburn Ridgefield Corp purchased a new stake in Axalta Coating Systems in the third quarter valued at approximately $41,000. Finally, Jones Financial Companies Lllp lifted its position in Axalta Coating Systems by 60.7% during the fourth quarter. Jones Financial Companies Lllp now owns 1,318 shares of the specialty chemicals company’s stock valued at $45,000 after buying an additional 498 shares in the last quarter. 98.28% of the stock is currently owned by hedge funds and other institutional investors.

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.