Ardevora Asset Management Llp buys $29,616,282 stake in PPG Industries (PPG)

PPG Industries (PPG) : Ardevora Asset Management Llp scooped up 24,400 additional shares in PPG Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 282,760 shares of PPG Industries which is valued at $29,616,282.PPG Industries makes up approximately 1.17% of Ardevora Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc boosted its stake in PPG in the latest quarter, The investment management firm added 14 additional shares and now holds a total of 4,496 shares of PPG Industries which is valued at $470,911. PPG Industries makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.First Trust Advisors Lp boosted its stake in PPG in the latest quarter, The investment management firm added 42,188 additional shares and now holds a total of 90,544 shares of PPG Industries which is valued at $9,455,510. PPG Industries makes up approx 0.03% of First Trust Advisors Lp’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in PPG by selling 5,427 shares or 8.92% in the most recent quarter. The Hedge Fund company now holds 55,415 shares of PPG which is valued at $5,781,447. PPG Industries makes up approx 0.07% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Lenox Wealth Advisors reduced its stake in PPG by selling 930 shares or 94.42% in the most recent quarter. The Hedge Fund company now holds 55 shares of PPG which is valued at $6,021.

PPG Industries opened for trading at $104.13 and hit $104.75 on the upside on Monday, eventually ending the session at $104.46, with a gain of 0.45% or 0.47 points. The heightened volatility saw the trading volume jump to 10,37,262 shares. Company has a market cap of $27,816 M.

On the company’s financial health, PPG Industries reported $1.85 EPS for the quarter, based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus estimate of $1.85. The company had revenue of $4064.00 million for the quarter, compared to analysts expectations of $4165.29 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.67 EPS.

Many Wall Street Analysts have commented on PPG Industries. Company shares were Upgraded by Seaport Global Securities on Jul 26, 2016 to ” Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $125 .PPG Industries was Upgraded by Longbow to ” Buy” on Jun 23, 2016.

PPG Industries Inc. (PPG) manufactures and distributes a range of coatings optical and specialty materials and glass products. The Company operates business through three segments: Performance Coatings Industrial Coatings and Glass. The Performance Coatings segment consists of the refinish aerospace architectural coatings-Americas and Asia Pacific architectural coatings-EMEA and protective and marine coatings operating businesses. It primarily supplies a range of protective and decorative coatings sealants and finishes along with paint strippers stains and related chemicals. The Industrial Coatings segment consists of the automotive original equipment manufacturer (OEM) coatings industrial coatings packaging coatings and the specialty coatings and materials operating businesses. The Glass segment consists of the flat glass and fiber glass businesses. It supplies flat glass and continuous-strand fiber glass products.

Leave a Reply

PPG Industries - Is it time to Sell?

Top Brokerage Firms are advising their investors on PPG Industries. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.