Axalta Coating Systems Ltd. (NYSE:AXTA) CEO Buys $1,005,648.00 in Stock

Axalta Coating Systems Ltd. (NYSE:AXTA – Get Rating) CEO Chris Villavarayan purchased 34,440 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was acquired at an average price of $29.20 per share, for a total transaction of $1,005,648.00. Following the purchase, the chief executive officer now owns 34,440 shares in the company, valued at approximately $1,005,648. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Axalta Coating Systems Stock Up 2.1 %

Shares of NYSE:AXTA opened at $28.41 on Friday. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.06 and a beta of 1.43. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.94 and a quick ratio of 1.35. The business’s 50-day moving average is $28.93 and its 200-day moving average is $26.14. Axalta Coating Systems Ltd. has a 1 year low of $20.66 and a 1 year high of $32.56.

Axalta Coating Systems (NYSE:AXTA – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The specialty chemicals company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Axalta Coating Systems had a return on equity of 23.50% and a net margin of 3.92%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 EPS. Equities research analysts predict that Axalta Coating Systems Ltd. will post 1.43 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AXTA. Royal Bank of Canada upgraded Axalta Coating Systems from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $30.00 to $36.00 in a research note on Friday, February 17th. StockNews.com downgraded Axalta Coating Systems from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets raised their price objective on Axalta Coating Systems from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, January 30th. Mizuho raised their price objective on Axalta Coating Systems from $30.00 to $31.00 and gave the company a “buy” rating in a report on Friday, January 27th. Finally, Deutsche Bank Aktiengesellschaft raised Axalta Coating Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $25.00 to $40.00 in a report on Monday, January 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $31.45.

Institutional Trading of Axalta Coating Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Belpointe Asset Management LLC bought a new stake in Axalta Coating Systems in the 4th quarter valued at about $33,000. Signaturefd LLC increased its position in Axalta Coating Systems by 16.9% in the 4th quarter. Signaturefd LLC now owns 3,050 shares of the specialty chemicals company’s stock valued at $78,000 after buying an additional 442 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Axalta Coating Systems during the 4th quarter worth approximately $105,000. Impax Asset Management Group plc bought a new stake in Axalta Coating Systems during the 4th quarter worth approximately $208,000. Finally, Simplicity Solutions LLC bought a new stake in Axalta Coating Systems during the 4th quarter worth approximately $209,000.

About Axalta Coating Systems

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Axalta Coating Systems Ltd. engages in the manufacture, marketing and distribution of coatings systems. It operates through the Performance Coatings and Mobility Coatings business segments. The Performance Coatings segment provides liquid and powder coatings solutions to a fragmented and local customer base.