Robert W. Bryant Sells 73,277 Shares of Axalta Coating Systems (AXTA) Stock

Axalta Coating Systems (NYSE:AXTA) CFO Robert W. Bryant sold 73,277 shares of Axalta Coating Systems stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $31.12, for a total value of $2,280,380.24. Following the completion of the transaction, the chief financial officer now owns 284,988 shares of the company’s stock, valued at approximately $8,868,826.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

AXTA stock opened at $32.21 on Friday. The firm has a market cap of $7.84 billion, a PE ratio of 26.41, a PEG ratio of 1.69 and a beta of 1.32. Axalta Coating Systems has a twelve month low of $31.24 and a twelve month high of $31.85. The company has a quick ratio of 1.63, a current ratio of 2.26 and a debt-to-equity ratio of 2.57.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Wednesday, April 25th. The specialty chemicals company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Axalta Coating Systems had a return on equity of 20.56% and a net margin of 0.94%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 earnings per share. equities research analysts predict that Axalta Coating Systems will post 1.32 earnings per share for the current fiscal year.

Several equities analysts have issued reports on AXTA shares. Royal Bank of Canada reiterated a “buy” rating and issued a $35.00 price objective on shares of Axalta Coating Systems in a research report on Thursday, February 8th. Zacks Investment Research upgraded Axalta Coating Systems from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. BMO Capital Markets started coverage on Axalta Coating Systems in a research report on Tuesday, March 27th. They issued a “market perform” rating and a $33.00 price objective for the company. Bank of America upgraded Axalta Coating Systems from an “underperform” rating to a “neutral” rating and set a $35.00 price objective for the company in a research report on Friday, April 27th. Finally, Seaport Global Securities downgraded Axalta Coating Systems from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 17th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $34.13.

Several hedge funds have recently added to or reduced their stakes in the company. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Axalta Coating Systems by 10.7% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,500 shares of the specialty chemicals company’s stock worth $498,000 after acquiring an additional 1,600 shares during the last quarter. Advisor Group Inc. raised its position in shares of Axalta Coating Systems by 30.9% during the fourth quarter. Advisor Group Inc. now owns 8,001 shares of the specialty chemicals company’s stock worth $258,000 after acquiring an additional 1,887 shares during the last quarter. First Republic Investment Management Inc. raised its position in shares of Axalta Coating Systems by 8.3% during the first quarter. First Republic Investment Management Inc. now owns 25,250 shares of the specialty chemicals company’s stock worth $762,000 after acquiring an additional 1,931 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Axalta Coating Systems by 6.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 31,569 shares of the specialty chemicals company’s stock worth $1,019,000 after acquiring an additional 1,997 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Axalta Coating Systems by 0.5% during the first quarter. California Public Employees Retirement System now owns 382,953 shares of the specialty chemicals company’s stock worth $11,561,000 after acquiring an additional 1,999 shares during the last quarter.

About Axalta Coating Systems

Axalta Coating Systems Ltd., through its subsidiaries, manufactures, markets, and distributes high performance coatings primarily for the transportation industry. It operates in two segments, Performance Coatings and Transportation Coatings. The Performance Coatings segment offers various specially-formulated water and solvent borne products and systems that are used to refinish damaged vehicles for independent body shops, multi-shop operators, and original equipment manufacturer (OEM) dealership body shops.

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

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