Genesee Valley Trust Co Lowers stake in PPG Industries (PPG)

PPG Industries (PPG) : Genesee Valley Trust Co reduced its stake in PPG Industries by 0.15% during the most recent quarter end. The investment management company now holds a total of 11,372 shares of PPG Industries which is valued at $1,049,636 after selling 17 shares in PPG Industries , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.PPG Industries makes up approximately 0.68% of Genesee Valley Trust Co’s portfolio.

Other Hedge Funds, Including , First National Bank Of Omaha reduced its stake in PPG by selling 52 shares or 2.36% in the most recent quarter. The Hedge Fund company now holds 2,150 shares of PPG which is valued at $198,445. PPG Industries makes up approx 0.02% of First National Bank Of Omaha’s portfolio. Beacon Capital Management sold out all of its stake in PPG during the most recent quarter. The investment firm sold 100 shares of PPG which is valued $9,385. Dynamic Advisors Solutions added PPG to its portfolio by purchasing 4,998 company shares during the most recent quarter which is valued at $469,062. PPG Industries makes up approx 0.18% of Dynamic Advisors Solutions’s portfolio.Advisory Services Network boosted its stake in PPG in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 116 shares of PPG Industries which is valued at $10,873.Hefty Wealth Partners boosted its stake in PPG in the latest quarter, The investment management firm added 744 additional shares and now holds a total of 882 shares of PPG Industries which is valued at $89,594. PPG Industries makes up approx 0.07% of Hefty Wealth Partners’s portfolio.

PPG Industries closed down -1.55 points or -1.65% at $92.3 with 41,57,688 shares getting traded on Tuesday. Post opening the session at $93.25, the shares hit an intraday low of $91.51 and an intraday high of $93.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. Shares were Reiterated by RBC Capital Mkts on Oct 11, 2016 to “Outperform” and Lowered the Price Target to $ 106 from a previous price target of $125 .Shares were Downgraded by Deutsche Bank on Oct 11, 2016 to ” Hold” and Lowered the Price Target to $ 100 from a previous price target of $122 .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 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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