The firm has a market capitalization of $8.09 billion and a price-to-earnings ratio of 110.60. DnB Asset Management AS's holdings in Axalta Coating Systems were worth $564,000 as of its most recent filing with the SEC. Jefferies Group LLC restated a "buy" rating on shares of Axalta Coating Systems in a research note on Thursday, July 6th. Zacks Investment Research upgraded Axalta Coating Systems from a "hold" rating to a "buy" rating and set a $36.00 target price for the company in a research note on Wednesday, June 28th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 945,533 shares of the company traded hands.
Shares of Axalta Coating Systems (NASDAQ:AXTA) traded up 0.94% during mid-day trading on Friday, hitting $33.40. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Following the completion of the sale, the vice president now owns 7,806 shares of the company's stock, valued at approximately $255,412.32.
Axalta Coating Systems Ltd (NASDAQ:AXTA) will be announcing its earnings results before the market opens on Monday, July 24th. Axalta Coating Systems has $37 highest and $3.0 lowest target. The shares were sold at an average price of $31.32, for a total transaction of $5,621,532.84. The company's revenue for the quarter was up 5.5% compared to the same quarter a year ago. Axalta Coating Systems has a consensus rating of "Hold" and a consensus price target of $33.94.
Several other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Axalta Coating Systems by 6.3% in the fourth quarter. Highbridge Capital Management LLC purchased a new stake in Axalta Coating Systems during the fourth quarter worth about $853,000. The company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $994.43 million. Mn Services Vermogensbeheer B.V. now owns 5,772 shares of the specialty chemicals company's stock valued at $174,000 after buying an additional 294 shares during the period.
Over the last 5 years, Axalta Coating Systems Ltd. has averaged a -26.20% YoY EPS growth rate and a -1.00% revenue growth rate. During the same period in the prior year, the company posted $0.18 earnings per share. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company's stock. Finally, Gabelli Funds LLC boosted its position in Axalta Coating Systems by 9.1% in the fourth quarter. If you are reading this piece on another publication, it was copied illegally and reposted in violation of US & worldwide copyright & trademark law. Finally, HighTower Advisors LLC raised its position in shares of Axalta Coating Systems by 1.4% in the first quarter. The correct version of this report can be read at https://www.baseball-news-blog.com/2017/07/14/axalta-coating-systems-ltd-axta-vp-sean-m-lannon-sells-5000-shares.html. VP Corp Fin & Controller, PAO Sean M. Lannon let go of 5,000 shares at an average price of $33.00 on Friday the 2nd. The stock presently has a consensus rating of "Hold" and a consensus target price of $33.94. Following the sale, the vice president now directly owns 4,088 shares in the company, valued at $128,158.80.
In other Axalta Coating Systems news, VP Sean M. Lannon sold 4,340 shares of the company's stock in a transaction that occurred on Monday, May 15th. The disclosure for this sale can be found here. Insiders have sold 443,289 shares of company stock valued at $14,039,963 over the last three months. Company has far performed well this year, with the share price up 22.79% since January. And it remains to be seen which target price AXTA can achieve without sacrificing much as the company is holding a 19.97% gain for the past twelve months. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry.