Robert W. Bryant Sells 1,783 Shares of Axalta Coating Systems Ltd (AXTA) Stock

Axalta Coating Systems Ltd (NYSE:AXTA) CFO Robert W. Bryant sold 1,783 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $30.63, for a total value of $54,613.29. Following the completion of the transaction, the chief financial officer now directly owns 211,951 shares in the company, valued at approximately $6,492,059.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Axalta Coating Systems Ltd (NYSE:AXTA) opened at $30.25 on Thursday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.50 and a current ratio of 2.11. Axalta Coating Systems Ltd has a 12 month low of $27.77 and a 12 month high of $38.20. The firm has a market capitalization of $7,370.00, a price-to-earnings ratio of 216.07, a price-to-earnings-growth ratio of 1.62 and a beta of 1.38.

Axalta Coating Systems (NYSE:AXTA) last released its earnings results on Tuesday, February 6th. The specialty chemicals company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. Axalta Coating Systems had a return on equity of 19.91% and a net margin of 1.46%. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the company earned ($0.16) earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. equities analysts anticipate that Axalta Coating Systems Ltd will post 1.14 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Axalta Coating Systems by 927.6% in the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 4,059 shares of the specialty chemicals company’s stock valued at $117,000 after acquiring an additional 3,664 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Axalta Coating Systems by 217.3% in the 2nd quarter. Advisor Group Inc. now owns 5,603 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 3,837 shares during the last quarter. LVW Advisors LLC bought a new position in shares of Axalta Coating Systems in the 3rd quarter valued at $214,000. Rockefeller Financial Services Inc. bought a new position in shares of Axalta Coating Systems in the 3rd quarter valued at $215,000. Finally, Prudential Financial Inc. lifted its stake in shares of Axalta Coating Systems by 24.6% in the 2nd quarter. Prudential Financial Inc. now owns 8,110 shares of the specialty chemicals company’s stock valued at $260,000 after acquiring an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 98.43% of the company’s stock.

A number of equities research analysts recently issued reports on AXTA shares. BidaskClub downgraded Axalta Coating Systems from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 17th. Credit Suisse Group increased their price target on Axalta Coating Systems from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, November 6th. Citigroup raised Axalta Coating Systems from a “sell” rating to a “hold” rating and set a $34.00 price target on the stock in a research report on Monday, October 30th. Bank of America set a $28.00 price target on Axalta Coating Systems and gave the stock an “underperform” rating in a research report on Tuesday, January 16th. Finally, UBS Group reduced their price target on Axalta Coating Systems from $39.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $33.47.

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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. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

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