PPG Industries, Inc. (PPG) Reaches $103.40 Formed H&S; Cubist Systematic Strategies Has Trimmed Jetblue Airways (JBLU) Position

May 26, 2018 - By Louis Casey

JetBlue Airways Corporation (NASDAQ:JBLU) Logo

PPG Industries, Inc. (PPG) formed H&S with $99.26 target or 4.00% below today’s $103.40 share price. PPG Industries, Inc. (PPG) has $25.78 billion valuation. The stock increased 0.88% or $0.9 during the last trading session, reaching $103.4. About 1.12 million shares traded. PPG Industries, Inc. (NYSE:PPG) has risen 7.79% since May 26, 2017 and is uptrending. It has underperformed by 3.76% the S&P500.

Cubist Systematic Strategies Llc decreased Jetblue Airways Corp (JBLU) stake by 91.28% reported in 2017Q4 SEC filing. Cubist Systematic Strategies Llc sold 45,049 shares as Jetblue Airways Corp (JBLU)’s stock declined 11.10%. The Cubist Systematic Strategies Llc holds 4,304 shares with $96,000 value, down from 49,353 last quarter. Jetblue Airways Corp now has $6.14 billion valuation. The stock increased 1.94% or $0.37 during the last trading session, reaching $19.41. About 6.28M shares traded or 29.15% up from the average. JetBlue Airways Corporation (NASDAQ:JBLU) has declined 1.68% since May 26, 2017 and is downtrending. It has underperformed by 13.23% the S&P500.

Since February 22, 2018, it had 0 insider buys, and 1 insider sale for $1.10 million activity. GREINDL JEAN-MARIE sold $1.10M worth of PPG Industries, Inc. (NYSE:PPG) on Thursday, February 22.

Analysts await PPG Industries, Inc. (NYSE:PPG) to report earnings on July, 19. They expect $1.90 earnings per share, up 3.83% or $0.07 from last year’s $1.83 per share. PPG’s profit will be $473.71 million for 13.61 P/E if the $1.90 EPS becomes a reality. After $1.39 actual earnings per share reported by PPG Industries, Inc. for the previous quarter, Wall Street now forecasts 36.69% EPS growth.

Among 26 analysts covering PPG Industries (NYSE:PPG), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. PPG Industries had 81 analyst reports since September 6, 2015 according to SRatingsIntel. The company was maintained on Friday, April 20 by Credit Suisse. On Thursday, June 23 the stock rating was upgraded by Longbow to “Buy”. The stock has “Buy” rating by KeyBanc Capital Markets on Monday, September 25. Seaport Global upgraded the stock to “Buy” rating in Tuesday, July 26 report. On Monday, April 23 the stock rating was maintained by Susquehanna with “Hold”. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Overweight” rating by Atlantic Securities on Wednesday, March 15. On Wednesday, October 25 the stock rating was maintained by Citigroup with “Neutral”. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Hold” rating by RBC Capital Markets on Monday, October 23. KeyBanc Capital Markets maintained it with “Buy” rating and $130.0 target in Friday, October 20 report. As per Friday, September 15, the company rating was maintained by Jefferies.

Investors sentiment decreased to 1 in Q4 2017. Its down 0.14, from 1.14 in 2017Q3. It dived, as 37 investors sold PPG Industries, Inc. 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. First Interstate Commercial Bank reported 0.03% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Moreover, Ontario Teachers Pension Plan Board has 0.1% invested in PPG Industries, Inc. (NYSE:PPG) for 67,571 shares. The Indiana-based Old Natl Bankshares In has invested 0.05% in PPG Industries, Inc. (NYSE:PPG). Commonwealth Of Pennsylvania Public School Empls Retrmt owns 22,762 shares. Natixis holds 0% or 1,806 shares in its portfolio. Cobblestone Capital Advisors Lc Ny invested in 2,300 shares. Orca Inv Management Lc invested in 4,322 shares. Welch Forbes Limited Liability Company owns 2,020 shares for 0.01% of their portfolio. Wedgewood Investors Pa has invested 0.42% in PPG Industries, Inc. (NYSE:PPG). Blackrock reported 0.08% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Balyasny Asset Lc stated it has 3,440 shares. Boys Arnold & invested 0.04% in PPG Industries, Inc. (NYSE:PPG). Willingdon Wealth Mngmt stated it has 0.03% of its portfolio in PPG Industries, Inc. (NYSE:PPG). Colony Grp Lc has 0.04% invested in PPG Industries, Inc. (NYSE:PPG) for 5,106 shares. Gulf Savings Bank (Uk) Limited holds 80,756 shares.

Cubist Systematic Strategies Llc increased Cms Energy Corp (NYSE:CMS) stake by 8,962 shares to 28,714 valued at $1.36M in 2017Q4. It also upped Intra Cellular Therapies Inc (NASDAQ:ITCI) stake by 47,643 shares and now owns 53,932 shares. Motorola Solutions Inc (NYSE:MSI) was raised too.

More important recent JetBlue Airways Corporation (NASDAQ:JBLU) news were published by: Seekingalpha.com which released: “Cloudy Skies Ahead For JetBlue” on May 18, 2018, also Seekingalpha.com published article titled: “JetBlue Continues Trading At A Large Discount Despite 10% Revenue Growth”, Seekingalpha.com published: “JetBlue sees 6% gain revenue miles” on May 10, 2018. More interesting news about JetBlue Airways Corporation (NASDAQ:JBLU) was released by: Fool.com and their article: “JetBlue Airways Closes in on a Pilot Contract” with publication date: May 15, 2018.

Investors sentiment decreased to 0.72 in 2017 Q4. Its down 0.51, from 1.23 in 2017Q3. It turned negative, as 44 investors sold JBLU shares while 127 reduced holdings. 41 funds opened positions while 82 raised stakes. 282.84 million shares or 0.36% more from 281.83 million shares in 2017Q3 were reported. Great West Life Assurance Company Can reported 150,104 shares. Royal Commercial Bank Of Canada invested 0% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). Reilly Finance Advsr Limited Liability has 200 shares. 59,500 were accumulated by Utah Retirement. D E Shaw Inc holds 0% or 138,681 shares. Legal General Plc stated it has 285,632 shares. State Board Of Administration Of Florida Retirement Systems accumulated 377,084 shares or 0.02% of the stock. Panagora Asset Management Incorporated reported 8,327 shares or 0% of all its holdings. New Mexico Educational Retirement Board, a New Mexico-based fund reported 81,400 shares. Quantum Mngmt invested 1.9% of its portfolio in JetBlue Airways Corporation (NASDAQ:JBLU). State Of Wisconsin Inv Board holds 0% or 65,841 shares in its portfolio. Ameritas Invest Partners, a Nebraska-based fund reported 95,983 shares. Advisory Ntwk Limited Liability Com has 20,127 shares for 0.04% of their portfolio. Sei stated it has 0.01% in JetBlue Airways Corporation (NASDAQ:JBLU). Compton Capital Mngmt Inc Ri accumulated 14,718 shares.

Since December 7, 2017, it had 0 insider purchases, and 10 insider sales for $561,342 activity. On Tuesday, March 13 the insider Chatkewitz Alexander sold $67,752. HNAT JAMES G sold $104,175 worth of JetBlue Airways Corporation (NASDAQ:JBLU) on Thursday, February 1. The insider St George Martin J sold 3,000 shares worth $58,800. Hayes Robin sold $42,100 worth of stock.

Analysts await JetBlue Airways Corporation (NASDAQ:JBLU) to report earnings on July, 24. They expect $0.42 earnings per share, down 34.38% or $0.22 from last year’s $0.64 per share. JBLU’s profit will be $132.92M for 11.55 P/E if the $0.42 EPS becomes a reality. After $0.27 actual earnings per share reported by JetBlue Airways Corporation for the previous quarter, Wall Street now forecasts 55.56% EPS growth.

PPG Industries, Inc. (NYSE:PPG) Institutional Positions Chart

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