Insiders Selling, Short Interest Growing Axalta Coating Systems Ltd. (NYSE:AXTA)

The company's P/E ratio is 110.60 and the market value is 8.09B.

Axalta Coating Systems (NASDAQ:AXTA) opened at 32.43 on Thursday. Nomura downgraded Axalta Coating Systems from a "buy" rating to a "neutral" rating and set a $33.00 price objective on the stock.in a research report on Friday, April 21st. Zacks Investment Research upgraded Axalta Coating Systems from a "hold" rating to a "buy" rating and set a $36.00 target price on the stock in a research report on Wednesday, June 28th. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The institutional investor owned 405,308 shares of the specialty chemicals company's stock after buying an additional 104,441 shares during the period.

Axalta Coating Systems Ltd (AXTA) traded up 0.94% during mid-day trading on Friday, reaching $33.40. Next Financial Group, Inc owns 500 shares valued at $16,000.

Axalta Coating Systems (NASDAQ:AXTA) last released its quarterly earnings results on Wednesday, April 26th. Royal Bank Of Canada reissued a "buy" rating and issued a $36.00 price objective on shares of Axalta Coating Systems in a research note on Thursday, July 6th. Credit Suisse reinitiated Axalta Coating Systems Ltd (NYSE:AXTA) on Tuesday, March 22 with "Outperform" rating. The shares were sold at an average price of $31.32, for a total transaction of $5,621,532.84. ProShare Advisors LLC now owns 16,703 shares of the specialty chemicals company's stock worth $538,000 after buying an additional 157 shares during the last quarter. Following the sale, the vice president now owns 7,806 shares in the company, valued at approximately $255,412.32. The company's revenue for the quarter was up 5.5% compared to the same quarter previous year. BidaskClub lowered Axalta Coating Systems from a "buy" rating to a "hold" rating in a research note on Thursday, June 29th.

Several other large investors also recently bought and sold shares of AXTA. Citigroup Inc. restated a "neutral" rating and set a $33.00 target price (up previously from $30.00) on shares of Axalta Coating Systems in a research report on Friday, April 14th. Norman Fields Gottscho Capital Management LLC increased its stake in Axalta Coating Systems by 25.3% in the first quarter. Russell Investments Group Ltd. purchased a new stake in shares of Axalta Coating Systems during the fourth quarter valued at $312,000. Highbridge Capital Management LLC purchased a new stake in Axalta Coating Systems during the fourth quarter worth about $853,000. Revenue for the quarter also did not kill consensus, coming in at $1.01 Billion, compared to the consensus of 986.58 Million. Aristotle Capital Management LLC now owns 70,900 shares of the specialty chemicals company's stock worth $2,283,000 after buying an additional 180 shares during the last quarter. Axalta Coating Systems had a return on equity of 21.46% and a net margin of 6.50%. They expect $0.39 earnings per share, up 14.71 % or $0.05 from last year's $0.34 per share. Finally, Gabelli Funds LLC boosted its position in Axalta Coating Systems by 9.1% in the fourth quarter. The specialty chemicals company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Analysts anticipate that Axalta Coating Systems Ltd will post $1.38 earnings per share for the current year. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Axalta Coating Systems during the second quarter valued at approximately $212,000.

In other Axalta Coating Systems news, VP Sean M. Lannon sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, July 12th. Axalta Coating Systems has a consensus rating of "Hold" and a consensus target price of $33.60.

COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Chaffey Breeze and is the property of of Chaffey Breeze. 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. The disclosure for this sale can be found here. Insiders sold 438,289 shares of company stock valued at $13,874,963 over the last quarter. The Company's divisions include Performance Coatings and Transportation Coatings. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.