Axalta Coating Systems Ltd (AXTA) VP Sean M. Lannon Sells 5,000 Shares

Axalta Coating Systems Ltd (NASDAQ:AXTA) VP Sean M. Lannon sold 5,000 shares of Axalta Coating Systems stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $32.50, for a total value of $162,500.00. Following the sale, the vice president now directly owns 7,806 shares of the company’s stock, valued at approximately $253,695. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Axalta Coating Systems Ltd (NASDAQ:AXTA) traded down 1.66% during midday trading on Monday, reaching $32.07. The company had a trading volume of 1,065,686 shares. Axalta Coating Systems Ltd has a 52 week low of $24.27 and a 52 week high of $33.06. The firm has a 50-day moving average price of $29.86 and a 200-day moving average price of $27.75. The company has a market capitalization of $7.74 billion and a price-to-earnings ratio of 188.65.

Axalta Coating Systems (NASDAQ:AXTA) last announced its earnings results on Wednesday, February 8th. The company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. Analysts expect that Axalta Coating Systems Ltd will post $1.39 EPS for the current fiscal year.

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

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Several research firms recently issued reports on AXTA. Instinet reissued a “buy” rating and set a $33.00 price objective on shares of Axalta Coating Systems in a research note on Tuesday, March 14th. They noted that the move was a valuation call. Citigroup Inc lowered Axalta Coating Systems from a “buy” rating to a “neutral” rating in a research note on Monday, January 9th. Royal Bank of Canada reissued a “buy” rating and set a $31.00 price objective on shares of Axalta Coating Systems in a research note on Wednesday, January 4th. Barclays PLC reissued a “hold” rating and set a $33.00 price objective on shares of Axalta Coating Systems in a research note on Thursday, February 9th. Finally, Jefferies Group LLC lifted their price objective on Axalta Coating Systems to $36.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Axalta Coating Systems currently has an average rating of “Hold” and a consensus price target of $33.14.

Large investors have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Axalta Coating Systems during the fourth quarter worth $171,966,000. Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Axalta Coating Systems by 53.3% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,898,523 shares of the company’s stock worth $160,440,000 after buying an additional 2,050,143 shares in the last quarter. Brave Warrior Advisors LLC raised its stake in shares of Axalta Coating Systems by 47.8% in the fourth quarter. Brave Warrior Advisors LLC now owns 4,443,376 shares of the company’s stock worth $120,860,000 after buying an additional 1,437,954 shares in the last quarter. Gates Capital Management Inc. raised its stake in shares of Axalta Coating Systems by 5.3% in the fourth quarter. Gates Capital Management Inc. now owns 4,412,779 shares of the company’s stock worth $120,028,000 after buying an additional 221,060 shares in the last quarter. Finally, Davis Selected Advisers raised its stake in shares of Axalta Coating Systems by 34,145.2% in the fourth quarter. Davis Selected Advisers now owns 3,903,956 shares of the company’s stock worth $106,188,000 after buying an additional 3,892,556 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. Its segments include Performance Coatings and Transportation Coatings. The Company, through its Performance Coatings segment, provides liquid and powder coatings solutions to a fragmented and local customer base.

5 Day Chart for NASDAQ:AXTA

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