O-I Glass, Inc. (NYSE:OI) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its position in O-I Glass, Inc. (NYSE:OI – Get Rating) by 17.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,743 shares of the industrial products company’s stock after selling 11,080 shares during the quarter. Ensign Peak Advisors Inc’s holdings in O-I Glass were worth $657,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. First Trust Advisors LP grew its position in shares of O-I Glass by 0.8% in the 3rd quarter. First Trust Advisors LP now owns 220,259 shares of the industrial products company’s stock worth $2,852,000 after acquiring an additional 1,708 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new position in O-I Glass during the 3rd quarter valued at approximately $736,000. Point72 Asset Management L.P. boosted its position in O-I Glass by 7,574.7% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,074,462 shares of the industrial products company’s stock valued at $13,914,000 after purchasing an additional 1,060,462 shares during the period. Lazard Asset Management LLC boosted its position in O-I Glass by 370.7% during the 3rd quarter. Lazard Asset Management LLC now owns 379,256 shares of the industrial products company’s stock valued at $4,911,000 after purchasing an additional 298,688 shares during the period. Finally, Oberweis Asset Management Inc. boosted its position in O-I Glass by 165.4% during the 3rd quarter. Oberweis Asset Management Inc. now owns 69,000 shares of the industrial products company’s stock valued at $894,000 after purchasing an additional 43,000 shares during the period. Institutional investors and hedge funds own 93.60% of the company’s stock.

O-I Glass Stock Down 1.5 %

OI opened at $20.86 on Tuesday. O-I Glass, Inc. has a one year low of $11.53 and a one year high of $23.52. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.74 and a current ratio of 1.10. The stock’s fifty day moving average is $20.78 and its 200-day moving average is $17.25. The company has a market capitalization of $3.22 billion, a PE ratio of 5.68, a P/E/G ratio of 1.19 and a beta of 1.36.

O-I Glass (NYSE:OI – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The industrial products company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.06. O-I Glass had a return on equity of 27.42% and a net margin of 8.52%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts predict that O-I Glass, Inc. will post 2.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OI. Barclays boosted their price objective on O-I Glass from $13.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, February 6th. KeyCorp boosted their price objective on O-I Glass from $12.00 to $15.00 and gave the company an “underweight” rating in a research report on Thursday, February 2nd. Royal Bank of Canada upgraded O-I Glass from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $20.00 to $34.00 in a research report on Thursday, February 2nd. StockNews.com raised O-I Glass from a “hold” rating to a “buy” rating in a research note on Wednesday, February 1st. Finally, Robert W. Baird lifted their target price on O-I Glass from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.40.

Insider Transactions at O-I Glass

In related news, insider Vitaliano Torno sold 17,299 shares of O-I Glass stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $22.22, for a total value of $384,383.78. Following the transaction, the insider now directly owns 158,010 shares in the company, valued at approximately $3,510,982.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Vitaliano Torno sold 17,299 shares of O-I Glass stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $22.22, for a total value of $384,383.78. Following the transaction, the insider now directly owns 158,010 shares in the company, valued at approximately $3,510,982.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Arnaud Aujouannet sold 2,510 shares of O-I Glass stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $22.33, for a total value of $56,048.30. Following the completion of the transaction, the senior vice president now owns 55,368 shares in the company, valued at $1,236,367.44. The disclosure for this sale can be found here. Company insiders own 1.34% of the company’s stock.

O-I Glass Profile

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O-I Glass, Inc engages in manufacturing of glass products. It offers products to the food and beverage sectors. The firm operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded in 1929 and is headquartered in Perrysburg, OH.