Stevens Capital Management Lp adds PPG Industries (PPG) to its portfolio

PPG Industries (PPG) : Stevens Capital Management Lp added new position in PPG Industries during the most recent quarter end. The investment management firm now holds 188,364 shares of PPG Industries which is valued at $19,587,972 , the company said in a statement filed on Aug 12, 2016 with the SEC.PPG Industries makes up approximately 0.75% of Stevens Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in PPG by selling 7,945 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 574,660 shares of PPG which is valued at $59,758,893. PPG Industries makes up approx 0.09% of Parametric Portfolio Associates’s portfolio.Baird Financial Group reduced its stake in PPG by selling 2,560 shares or 4.39% in the most recent quarter. The Hedge Fund company now holds 55,797 shares of PPG which is valued at $5,802,330. PPG Industries makes up approx 0.05% of Baird Financial Group’s portfolio.Winslow Capital Management reduced its stake in PPG by selling 944,855 shares or 28.9% in the most recent quarter. The Hedge Fund company now holds 2,323,999 shares of PPG which is valued at $241,672,656. PPG Industries makes up approx 0.93% of Winslow Capital Management’s portfolio.Norinchukin Bank The boosted its stake in PPG in the latest quarter, The investment management firm added 265 additional shares and now holds a total of 13,955 shares of PPG Industries which is valued at $1,461,647. PPG Industries makes up approx 0.03% of Norinchukin Bank The’s portfolio.Ibm Retirement Fund reduced its stake in PPG by selling 613 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 34,827 shares of PPG which is valued at $3,749,127. PPG Industries makes up approx 0.13% of Ibm Retirement Fund’s portfolio.

PPG Industries opened for trading at $105.91 and hit $107.89 on the upside on Monday, eventually ending the session at $107.6, with a gain of 1.75% or 1.85 points. The heightened volatility saw the trading volume jump to 13,01,714 shares. Company has a market cap of $28,652 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.

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