Axalta Coating Systems Ltd. (NYSE:AXTA) Insider Troy D. Weaver Sells 10,457 Shares of Stock

Axalta Coating Systems Ltd. (NYSE:AXTA) insider Troy D. Weaver sold 10,457 shares of the company’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 transaction, the insider now directly owns 74,905 shares of the company’s stock, valued at $2,814,180.85. This represents a 12.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Axalta Coating Systems Stock Down 1.7 %

Shares of NYSE AXTA opened at $37.01 on Thursday. The company has a current ratio of 2.01, a quick ratio of 1.42 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $8.07 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 0.97 and a beta of 1.46. The firm’s 50-day moving average is $36.24 and its 200-day moving average is $36.49. Axalta Coating Systems Ltd. has a 1 year low of $30.40 and a 1 year high of $41.65.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on AXTA. Evercore ISI began coverage on shares of Axalta Coating Systems in a research note on Wednesday, November 13th. They set an “outperform” rating and a $47.00 price target on the stock. Royal Bank of Canada increased their price objective on Axalta Coating Systems from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Axalta Coating Systems from $44.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a report on Tuesday, December 17th. Finally, Barclays raised their price objective on shares of Axalta Coating Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Wednesday, February 5th. Three equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $43.08.

Hedge Funds Weigh In On Axalta Coating Systems

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased 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 valued at $132,823,000 after acquiring an additional 31,894 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in Axalta Coating Systems by 68.4% during the third quarter. Dynamic Technology Lab Private Ltd now owns 36,191 shares of the specialty chemicals company’s stock valued at $1,310,000 after purchasing an additional 14,704 shares during the period. Oak Thistle LLC increased its stake in Axalta Coating Systems by 434.3% in the fourth quarter. Oak Thistle LLC now owns 39,535 shares of the specialty chemicals company’s stock valued at $1,353,000 after purchasing an additional 32,135 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in Axalta Coating Systems by 5.8% in the third quarter. Lord Abbett & CO. LLC now owns 445,836 shares of the specialty chemicals company’s stock worth $16,135,000 after purchasing an additional 24,402 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Axalta Coating Systems by 85.3% during the third quarter. Harbor Capital Advisors Inc. now owns 438,290 shares of the specialty chemicals company’s stock worth $15,862,000 after purchasing an additional 201,766 shares in the last quarter. Institutional investors and hedge funds own 98.28% of the company’s stock.

Axalta Coating Systems Company Profile

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.