Axalta Coating Systems Ltd (AXTA) VP Sean M. Lannon Sells 5000 Shares

Xavier Trudeau
Juillet 17, 2017

The stock has a market capitalization of $8.09 billion and a price-to-earnings ratio of 110.60. Jefferies Group LLC reaffirmed a "buy" rating on shares of Axalta Coating Systems in a research report on Thursday, July 6th. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Following the completion of the sale, the vice president now directly owns 16,286 shares in the company, valued at $537,438.

Axalta Coating Systems Ltd (NASDAQ:AXTA) will be announcing its earnings results before the market opens on Monday, July 24th. Nomura cut shares of Axalta Coating Systems from a "buy" rating to a "neutral" rating and set a $33.00 price objective for the company.in a research note on Friday, April 21st.

Axalta Coating Systems Ltd.is a holding company. The shares were sold at an average price of $33.00, for a total value of $165,000.00. OLD Mutual Customised Solutions Proprietary Ltd. now owns 6,900 shares of the specialty chemicals company's stock valued at $222,000 after buying an additional 2,200 shares during the period. Following the sale, the vice president now owns 7,806 shares in the company, valued at approximately $255,412.32. Axalta Coating Systems Ltd (NYSE:AXTA) has risen 13.74% since July 15, 2016 and is uptrending. Finally, BidaskClub upgraded Axalta Coating Systems from a "hold" rating to a "buy" rating in a research note on Tuesday, June 20th.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. restated a "neutral" rating and issued a $33.00 price objective (up from $30.00) on shares of Axalta Coating Systems in a research report on Friday, April 14th. Comerica Bank purchased a new position in Axalta Coating Systems during the fourth quarter worth $218,000. Daiwa Securities Group Inc. increased its position in shares of Axalta Coating Systems by 16.7% in the first quarter. Highbridge Capital Management LLC purchased a new stake in Axalta Coating Systems during the fourth quarter worth about $853,000. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $994.43 million. Dimensional Fund Advisors LP now owns 754,236 shares of the specialty chemicals company's stock valued at $20,516,000 after buying an additional 44,711 shares in the last quarter. Axalta Coating Systems had a net margin of 6.50% and a return on equity of 21.46%. During the same period a year ago, the firm earned $0.18 earnings per share. After $0.26 actual earnings per share reported by Axalta Coating Systems Ltd for the previous quarter, Wall Street now forecasts 50.00 % EPS growth. On average, equities analysts predict that Axalta Coating Systems Ltd will post $1.38 EPS for the current year. If you are reading this piece of content on another site, it was illegally copied and republished in violation of US & worldwide copyright and trademark laws. The mean target of $34.50 should be compared with the price when the stock was languishing around $24.27 a share. Also, VP Sean M. Lannon sold 5,000 shares of the company's stock in a transaction on Friday, June 2nd. Tredje AP fonden boosted its stake in shares of Axalta Coating Systems by 80.5% in the fourth quarter.

In related news, CEO Charles W. Shaver sold 179,487 shares of the company's stock in a transaction on Monday, May 15th. The correct version of this article can be viewed at https://www.thestockobserver.com/2017/07/17/bank-of-america-corp-de-raises-stake-in-axalta-coating-systems-ltd-axta.html. Following the transaction, the chief financial officer now owns 328,234 shares in the company, valued at $10,546,158.42. Creative Planning now owns 9,684 shares of the specialty chemicals company's stock worth $312,000 after buying an additional 89 shares during the last quarter. Company has far performed well this year, with the share price up 22.79% since January. Axalta Coating Systems had 35 analyst reports since September 2, 2015 according to SRatingsIntel. Through its Transportation Coatings segment, the Company provides coating technologies to original equipment manufacturers (OEMs) of light and commercial vehicles.

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