A company insider recently bought 2,000 shares of Axalta Coating Systems Ltd. [AXTA]. Should You Buy?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Axalta Coating Systems Ltd. shares valued at $49,280 were purchased by COOK WILLIAM M on Mar 04. At $24.64 per share, COOK WILLIAM M acquired 2,000 shares. The insider’s holdings grew to 20,320 shares worth approximately $0.51 million following the completion of this transaction.

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Also, Weaver Troy D. sold 24,000 shares, netting a total of over 755,040 in proceeds. Following the sale of shares at $31.46 each, the insider now holds 27,337 shares.

As published in a research note from KeyBanc Capital Markets on July 20, 2022, Axalta Coating Systems Ltd. [AXTA] has been rated up from a Sector weight to an Overweight and the price target has been revised to $30. This represents a 15.57% premium over Thursday’s closing price. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid April. As of March 25, 2022, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for AXTA. Earlier on February 02, 2022, Vertical Research downgraded its rating. Their new recommendation was “a Hold” for AXTA stock which previously was a “a Buy”.

Analyzing AXTA’s Price Performance

On Thursday, Axalta Coating Systems Ltd. [NYSE: AXTA] plunged -0.24% to $25.33. The stock’s lowest price that day was $25.22, but it reached a high of $25.61 in the same session. During the last five days, there has been a surge of approximately 0.52%. Over the course of the year, Axalta Coating Systems Ltd. shares have dropped approximately -23.52%. Shares of the company reached a 52-week high of $34.12 on 01/05/22 and a 52-week low of $21.44 on 07/05/22. A 50-day SMA is recorded $24.75, while a 200-day SMA reached $27.78. Nevertheless, trading volume fell to 1.59 million shares from 2.45 million shares the previous day.

Support And Resistance Levels for Axalta Coating Systems Ltd. (AXTA)

According to the 24-hour chart, there is a support level at 25.16, which, if violated, would cause prices to drop to 25.00. In the upper region, resistance lies at 25.55. The next price resistance is at 25.78. RSI (Relative Strength Index) is 57.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 29.38%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Axalta Coating Systems Ltd. subject to short interest?

Stocks of Axalta Coating Systems Ltd. saw a sharp steep in short interest on Jul 14, 2022 dropping by 10000.0 shares to 5.74 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.75 million shares. A decline of -0.17% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.45 of the overall float, the days-to-cover ratio (short ratio) decline to 2.45.

Which companies own the most shares of Axalta Coating Systems Ltd. (AXTA)?

According to The Vanguard Group, Inc. filings, the company currently owns 20,057,319 shares, which is about 9.06% of the total AXTA shares outstanding. The investor’s shares have plunged by -157,064 from its previous 13-F filing of 20214383.0 shares. With the completion of the buy transaction, Massachusetts Financial Services’s stake is now worth $366,759,862. Barrow, Hanley, Mewhinney & Strau acquire a 4.41% interest valued at $351.27 million while Boston Partners Global Investors, sold a -227,867 stake. A total of 1,074,872 shares of Axalta Coating Systems Ltd. were sold by Shapiro Capital Management LLC during the quarter, and 836,449 were bought by JPMorgan Investment Management, I. In its current portfolio, Ariel Investments LLC holds 7,398,739 shares valued at $163.59 million.

In terms of Axalta Coating Systems Ltd. share price expectations, FactSet research, analysts set an average price target of $29.95 in the next 12 months, up nearly 18.16% from the previous closing price of $25.39. Analysts anticipate Axalta Coating Systems Ltd. stock to reach $38.00 by 2022, with the lowest price target being $25.00. In spite of this, 19 analysts ranked Axalta Coating Systems Ltd. stock as an Overweight at the end of 2022. On October 13, 2021, Mizuho assigned a price target of “a Buy” to the stock and initiated coverage with a $40.


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