Axalta Coating Systems Ltd (NYSE: AXTA) is 9.66% higher on its value in year-to-date trading and has touched a low of $25.03 and a high of $37.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AXTA stock was last observed hovering at around $37.40 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $37.25, the stock is 4.67% and 6.12% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing -0.40% at the moment leaves the stock 9.69% off its SMA200. AXTA registered 40.78% gain for a year compared to 6-month gain of 8.32%. The firm has a 50-day simple moving average (SMA 50) of $35.1294 and a 200-day simple moving average (SMA200) of $33.9796.
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The stock witnessed a 4.84% loss in the last 1 month and extending the period to 3 months gives it a 9.01%, and is 3.27% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.93% over the week and 1.96% over the month.
Axalta Coating Systems Ltd (AXTA) has around 12000 employees, a market worth around $8.17B and $5.25B in sales. Current P/E ratio is 27.56 and Fwd P/E is 15.85. Profit margin for the company is 5.69%. Distance from 52-week low is 48.82% and -0.65% from its 52-week high. The company has generated returns on investments over the last 12 months (5.58%).
with sales reaching $1.33B over the same period.The EPS is expected to grow by 31.20% this year, but quarterly earnings will post 2.40% year-over-year. Quarterly sales are estimated to grow 1.90% in year-over-year returns.
Axalta Coating Systems Ltd (AXTA) Top Institutional Holders
512.0 institutions hold shares in Axalta Coating Systems Ltd (AXTA), with institutional investors hold 101.93% of the company’s shares. The shares outstanding are 220.10M, and float is at 218.47M with Short Float at 2.61%. Institutions hold 101.53% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 23.98 million shares valued at $819.35 million. The investor’s holdings represent 10.8845% of the AXTA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 19.95 million shares valued at $681.81 million to account for 9.0573 of the shares outstanding. The other top investors are FMR LLC which holds 18.24 million shares representing 8.2806% and valued at over $623.34 million, while BARROW HANLEY MEWHINNEY & STRAUSS LLC holds 6.8134 of the shares totaling 15.01 million with a market value of $512.89 million.
Axalta Coating Systems Ltd (AXTA) Insider Activity
The most recent transaction is an insider sale by Awada Hadi, the company’s SVP, Glbl Mobility Coatings. SEC filings show that Awada Hadi sold 10,500 shares of the company’s common stock on Dec 04 ’23 at a price of $31.99 per share for a total of $0.34 million. Following the sale, the insider now owns 14656.0 shares.
Axalta Coating Systems Ltd disclosed in a document filed with the SEC on Nov 17 ’23 that BERUBE BRIAN A (SVP and General Counsel) sold a total of 7,500 shares of the company’s common stock. The trade occurred on Nov 17 ’23 and was made at $31.19 per share for $0.23 million. Following the transaction, the insider now directly holds 44408.0 shares of the AXTA stock.
Still, SEC filings show that on Nov 14 ’23, Massey Anthony (VP, Global Controller, PAO) disposed off 17,915 shares at an average price of $30.88 for $0.55 million. The insider now directly holds 19,420 shares of Axalta Coating Systems Ltd (AXTA).
