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VELA Investment Management LLC Purchases 13,628 Shares of PPG Industries, Inc. $PPG
VELA Investment Management LLC significantly increased its stake in PPG Industries, purchasing 13,628 shares in Q4, bringing its total to 25,989 shares valued at $2.663 million. This strategic investment comes as PPG Industries beat Q1 earnings estimates and reiterated its FY 2026 guidance, leading to modest analyst price target upgrades despite a consensus “Hold” rating. However, company insiders have recently been net sellers of PPG stock, offloading over $14 million worth of shares.