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

Axalta Coating Systems Ltd. (NYSE:AXTA) insider Troy D. Weaver sold 10,457 shares of the 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 transaction, the insider now 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.

Axalta Coating Systems Stock Performance

AXTA stock traded down $0.65 during midday trading on Wednesday, hitting $37.01. The stock had a trading volume of 5,812,759 shares, compared to its average volume of 1,995,124. The firm has a market capitalization of $8.07 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 0.97 and a beta of 1.46. The stock has a 50-day simple moving average of $36.24 and a 200 day simple moving average of $36.49. Axalta Coating Systems Ltd. has a 52 week low of $30.40 and a 52 week high of $41.65. The company has a current ratio of 2.01, a quick ratio of 1.42 and a debt-to-equity ratio of 1.74.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on AXTA shares. StockNews.com raised shares of Axalta Coating Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Mizuho reduced their price objective on shares of Axalta Coating Systems from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. 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. KeyCorp reaffirmed a “sector weight” rating on shares of Axalta Coating Systems in a research note on Tuesday, December 17th. Finally, Barclays upped their target price on Axalta Coating Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $43.08.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in shares of Axalta Coating Systems in the 4th quarter valued at $87,850,000. Victory Capital Management Inc. lifted its position in Axalta Coating Systems by 9.6% in the 4th quarter. Victory Capital Management Inc. now owns 11,321,994 shares of the specialty chemicals company’s stock valued at $387,439,000 after acquiring an additional 988,397 shares in the last quarter. PointState Capital LP bought a new stake in Axalta Coating Systems in the 3rd quarter valued at $30,257,000. Jupiter Asset Management Ltd. lifted its position in Axalta Coating Systems by 35.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 1,620,459 shares of the specialty chemicals company’s stock valued at $55,452,000 after acquiring an additional 423,883 shares in the last quarter. Finally, Schroder Investment Management Group bought a new stake in Axalta Coating Systems in the 4th quarter valued at $13,512,000. Institutional investors 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.