Axalta Coating Systems Ltd (NASDAQ:AXTA) Director Samuel L. Smolik bought 4,000 shares of the business’s stock in a transaction on Monday, August 7th. The stock was bought at an average price of $28.16 per share, with a total value of $112,640.00. Following the purchase, the director now owns 4,000 shares in the company, valued at $112,640. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Axalta Coating Systems Ltd (AXTA) traded up 0.52% during trading on Friday, hitting $29.20. The company had a trading volume of 2,122,914 shares. Axalta Coating Systems Ltd has a 52 week low of $24.27 and a 52 week high of $34.10. The firm’s 50 day moving average is $31.18 and its 200-day moving average is $31.24. The stock has a market capitalization of $7.10 billion and a P/E ratio of 2920.00.
Axalta Coating Systems (NASDAQ:AXTA) last released its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.08. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Axalta Coating Systems had a negative net margin of 1.73% and a negative return on equity of 6.61%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 EPS. Equities research analysts anticipate that Axalta Coating Systems Ltd will post $1.31 EPS for the current fiscal year.
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AXTA has been the subject of a number of research analyst reports. BidaskClub downgraded Axalta Coating Systems from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. TheStreet upgraded Axalta Coating Systems from a “c” rating to a “b” rating in a research report on Wednesday, April 26th. Zacks Investment Research upgraded Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, June 28th. Susquehanna Bancshares Inc initiated coverage on Axalta Coating Systems in a research report on Tuesday, July 18th. They set a “neutral” rating and a $37.00 price target for the company. Finally, Barclays PLC reiterated an “equal weight” rating and set a $33.00 price target (down previously from $34.00) on shares of Axalta Coating Systems in a research report on Friday, August 4th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $33.63.
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Axalta Coating Systems by 6,436.4% in the first quarter. BlackRock Inc. now owns 18,564,446 shares of the specialty chemicals company’s stock worth $597,775,000 after buying an additional 18,280,429 shares during the last quarter. Vanguard Group Inc. raised its position in Axalta Coating Systems by 3.8% in the second quarter. Vanguard Group Inc. now owns 18,161,002 shares of the specialty chemicals company’s stock worth $581,878,000 after buying an additional 660,223 shares during the last quarter. Davis Selected Advisers raised its position in Axalta Coating Systems by 7.9% in the second quarter. Davis Selected Advisers now owns 7,228,390 shares of the specialty chemicals company’s stock worth $231,598,000 after buying an additional 528,794 shares during the last quarter. William Blair Investment Management LLC raised its position in Axalta Coating Systems by 8.6% in the first quarter. William Blair Investment Management LLC now owns 4,973,244 shares of the specialty chemicals company’s stock worth $160,138,000 after buying an additional 394,692 shares during the last quarter. Finally, Timucuan Asset Management Inc. FL raised its position in Axalta Coating Systems by 1.0% in the second quarter. Timucuan Asset Management Inc. FL now owns 3,743,877 shares of the specialty chemicals company’s stock worth $119,954,000 after buying an additional 36,234 shares during the last quarter.
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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