Sean M. Lannon Sells 5,000 Shares of Axalta Coating Systems Ltd (NASDAQ:AXTA) Stock

Axalta Coating Systems Ltd (NASDAQ:AXTA) VP Sean M. Lannon sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $33.00, for a total transaction of $165,000.00. Following the completion of the sale, the vice president now owns 16,286 shares of the company’s stock, valued at approximately $537,438. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Axalta Coating Systems Ltd (NASDAQ:AXTA) opened at 28.44 on Wednesday. Axalta Coating Systems Ltd has a 12-month low of $24.27 and a 12-month high of $34.10. The stock’s 50 day moving average is $32.28 and its 200-day moving average is $31.25. The company has a market cap of $6.89 billion and a P/E ratio of 94.17.

Axalta Coating Systems (NASDAQ:AXTA) last announced its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by $0.08. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.12 billion. Axalta Coating Systems had a return on equity of 21.46% and a net margin of 6.50%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. Analysts predict that Axalta Coating Systems Ltd will post $1.31 earnings per share for the current fiscal year.

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A number of equities research analysts have issued reports on AXTA shares. Zacks Investment Research upgraded shares of Axalta Coating Systems from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research report on Wednesday, June 28th. UBS AG reiterated a “buy” rating and issued a $39.00 target price (up previously from $37.00) on shares of Axalta Coating Systems in a research report on Tuesday, June 6th. Citigroup Inc. reiterated a “neutral” rating and issued a $33.00 target price (up previously from $30.00) on shares of Axalta Coating Systems in a research report on Friday, April 14th. Nomura downgraded shares of Axalta Coating Systems from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a research report on Friday, April 21st. Finally, Susquehanna Bancshares Inc started coverage on shares of Axalta Coating Systems in a research report on Tuesday, July 18th. They issued a “neutral” rating and a $37.00 target price for the company. Three analysts have rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $34.13.

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Axalta Coating Systems during the fourth quarter worth approximately $312,000. Comerica Bank acquired a new stake in shares of Axalta Coating Systems during the fourth quarter worth approximately $218,000. Dimensional Fund Advisors LP raised its stake in shares of Axalta Coating Systems by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 754,236 shares of the specialty chemicals company’s stock worth $20,516,000 after buying an additional 44,711 shares in the last quarter. Janus Capital Management LLC raised its stake in shares of Axalta Coating Systems by 43.9% in the fourth quarter. Janus Capital Management LLC now owns 10,793 shares of the specialty chemicals company’s stock worth $294,000 after buying an additional 3,293 shares in the last quarter. Finally, Guggenheim Capital LLC raised its stake in shares of Axalta Coating Systems by 106.8% in the fourth quarter. Guggenheim Capital LLC now owns 94,185 shares of the specialty chemicals company’s stock worth $2,561,000 after buying an additional 48,642 shares in 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.

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

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