As Ppg Inds (PPG) Share Price Declined, Holder Grandfield & Dodd Has Upped Stake; Accipiter Capital Management Has Raised Its Shire Plc (SHPG) Holding by $1.97 Million; Shares Declined

May 16, 2018 - By Peter Erickson

Shire plc (NASDAQ:SHPG) Logo

Gabe Hoffman increased its stake in Shire Plc (SHPG) by 33.96% based on its latest 2017Q4 regulatory filing with the SEC. Accipiter Capital Management Llc bought 12,738 shares as the company’s stock declined 17.82% with the market. The hedge fund run by Gabe Hoffman held 50,243 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $7.79 million, up from 37,505 at the end of the previous reported quarter. Accipiter Capital Management Llc who had been investing in Shire Plc for a number of months, seems to be bullish on the $51.93 billion market cap company. The stock increased 1.44% or $2.45 during the last trading session, reaching $173.13. About 1.40 million shares traded. Shire plc (NASDAQ:SHPG) has declined 27.67% since May 16, 2017 and is downtrending. It has underperformed by 39.22% the S&P500.

Grandfield & Dodd Llc increased its stake in Ppg Inds Inc (PPG) by 205.37% based on its latest 2017Q4 regulatory filing with the SEC. Grandfield & Dodd Llc bought 21,704 shares as the company’s stock declined 3.68% with the market. The institutional investor held 32,272 shares of the basic industries company at the end of 2017Q4, valued at $3.77 million, up from 10,568 at the end of the previous reported quarter. Grandfield & Dodd Llc who had been investing in Ppg Inds Inc for a number of months, seems to be bullish on the $25.81B market cap company. The stock increased 0.46% or $0.47 during the last trading session, reaching $103.5. About 2.01M shares traded or 0.26% up from the average. PPG Industries, Inc. (NYSE:PPG) has risen 7.79% since May 16, 2017 and is uptrending. It has underperformed by 3.76% the S&P500.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Prnewswire.com which released: “Hagens Berman Alerts Investors in PPG Industries, Inc. (PPG) to the Firm’s Investigation of Admitted Improper Accounting” on May 14, 2018, also Prnewswire.com with their article: “WeissLaw LLP: PPG Industries, Inc. is the Subject of a Legal Investigation” published on May 14, 2018, Businesswire.com published: “Bragar Eagel & Squire, PC is Investigating PPG Industries, Inc. (PPG) on Behalf of Stockholders and Encourages …” on May 15, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of PPG Industries, Inc. (PPG)” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “PPG Industries fires controller following probe into accounting procedures” with publication date: May 10, 2018.

Among 26 analysts covering PPG Industries (NYSE:PPG), 15 have Buy rating, 0 Sell and 11 Hold. Therefore 58% are positive. PPG Industries had 80 analyst reports since September 6, 2015 according to SRatingsIntel. The company was maintained on Wednesday, April 19 by Jefferies. Citigroup maintained PPG Industries, Inc. (NYSE:PPG) on Tuesday, April 24 with “Neutral” rating. RBC Capital Markets maintained it with “Outperform” rating and $106 target in Tuesday, October 11 report. On Monday, April 23 the stock rating was maintained by RBC Capital Markets with “Hold”. Bank of America maintained the shares of PPG in report on Friday, October 20 with “Neutral” rating. RBC Capital Markets maintained PPG Industries, Inc. (NYSE:PPG) on Monday, September 14 with “Outperform” rating. RBC Capital Markets maintained the shares of PPG in report on Thursday, March 15 with “Hold” rating. The firm earned “Neutral” rating on Monday, July 24 by Bank of America. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 8. Deutsche Bank maintained the shares of PPG in report on Sunday, September 6 with “Buy” rating.

Since February 22, 2018, it had 0 insider buys, and 1 sale for $1.10 million activity.

Grandfield & Dodd Llc, which manages about $885.55 million and $936.78M US Long portfolio, decreased its stake in Vodafone Group Plc New (NASDAQ:VOD) by 183,294 shares to 197,310 shares, valued at $6.29M in 2017Q4, according to the filing. It also reduced its holding in Berkshire Hathaway Inc Del (BRKB) by 4,253 shares in the quarter, leaving it with 107,422 shares, and cut its stake in Paypal Hldgs Inc.

Investors sentiment decreased to 1 in Q4 2017. Its down 0.14, from 1.14 in 2017Q3. It dropped, as 37 investors sold PPG shares while 245 reduced holdings. 86 funds opened positions while 197 raised stakes. 186.33 million shares or 0.01% more from 186.32 million shares in 2017Q3 were reported. Fiduciary reported 51,108 shares. Findlay Park Partners Ltd Liability Partnership accumulated 0.91% or 822,798 shares. Manufacturers Life Insur Company The owns 312,415 shares. Pnc Fincl Ser Gru stated it has 2.01 million shares or 0.23% of all its holdings. State Street has 0.11% invested in PPG Industries, Inc. (NYSE:PPG) for 11.98 million shares. Burney invested 0.41% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Mcrae Cap Mgmt accumulated 0.15% or 3,075 shares. Stratos Wealth Ltd holds 0.05% or 9,488 shares in its portfolio. 9,331 were accumulated by Blb&B Advsrs. Principal Fincl Gp Inc stated it has 0.1% in PPG Industries, Inc. (NYSE:PPG). Glaxis Capital Limited Liability Corporation stated it has 0.33% in PPG Industries, Inc. (NYSE:PPG). Saturna, a Washington-based fund reported 401,685 shares. 5,072 were reported by Federated Pa. Mirae Asset Glob Invests Ltd stated it has 15,443 shares or 0.02% of all its holdings. Waldron Lp, Pennsylvania-based fund reported 1,836 shares.

Among 28 analysts covering Shire plc (ADR) (NASDAQ:SHPG), 23 have Buy rating, 0 Sell and 5 Hold. Therefore 82% are positive. Shire plc (ADR) had 79 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, January 2. The firm has “Hold” rating by Piper Jaffray given on Friday, September 29. HSBC upgraded Shire plc (NASDAQ:SHPG) on Tuesday, October 27 to “Buy” rating. As per Thursday, July 6, the company rating was upgraded by HSBC. RBC Capital Markets maintained the shares of SHPG in report on Wednesday, February 14 with “Buy” rating. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, July 25. SunTrust maintained the stock with “Buy” rating in Thursday, October 26 report. RBC Capital Markets maintained it with “Sector Perform” rating and $240.0 target in Tuesday, January 12 report. RBC Capital Markets maintained Shire plc (NASDAQ:SHPG) on Wednesday, June 7 with “Buy” rating. FBR Capital maintained the stock with “Buy” rating in Friday, February 23 report.

Shire plc (NASDAQ:SHPG) Institutional Positions Chart

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