Deutsche Bank AG Has $10.47 Million Stock Holdings in O-I Glass, Inc. (NYSE:OI)

Deutsche Bank AG lowered its position in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 965,763 shares of the industrial products company's stock after selling 125,936 shares during the quarter. Deutsche Bank AG owned approximately 0.62% of O-I Glass worth $10,469,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OI. Mitsubishi UFJ Trust & Banking Corp increased its holdings in O-I Glass by 2.2% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 42,900 shares of the industrial products company's stock valued at $465,000 after purchasing an additional 916 shares during the last quarter. Baird Financial Group Inc. increased its holdings in O-I Glass by 9.6% in the fourth quarter. Baird Financial Group Inc. now owns 16,152 shares of the industrial products company's stock valued at $175,000 after purchasing an additional 1,410 shares during the last quarter. Corient Private Wealth LLC increased its holdings in O-I Glass by 13.4% in the fourth quarter. Corient Private Wealth LLC now owns 16,544 shares of the industrial products company's stock valued at $179,000 after purchasing an additional 1,954 shares during the last quarter. Guggenheim Capital LLC increased its holdings in O-I Glass by 9.9% in the fourth quarter. Guggenheim Capital LLC now owns 22,777 shares of the industrial products company's stock valued at $247,000 after purchasing an additional 2,044 shares during the last quarter. Finally, KBC Group NV increased its holdings in O-I Glass by 42.5% in the fourth quarter. KBC Group NV now owns 7,740 shares of the industrial products company's stock valued at $84,000 after purchasing an additional 2,309 shares during the last quarter. Institutional investors own 97.24% of the company's stock.

O-I Glass Stock Up 2.7%

Shares of OI stock traded up $0.36 on Tuesday, hitting $13.88. 1,895,402 shares of the stock were exchanged, compared to its average volume of 1,573,608. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78. The firm has a market capitalization of $2.15 billion, a P/E ratio of -19.55, a price-to-earnings-growth ratio of 0.24 and a beta of 0.93. The business has a 50-day moving average of $11.86 and a 200 day moving average of $11.62. O-I Glass, Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $14.34.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.22. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the prior year, the firm earned $0.45 earnings per share. O-I Glass's revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts anticipate that O-I Glass, Inc. will post 1.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OI shares. Royal Bank of Canada reissued an "outperform" rating and issued a $16.00 target price on shares of O-I Glass in a research note on Monday, March 17th. Barclays boosted their target price on O-I Glass from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Truist Financial reissued a "buy" rating and issued a $16.00 target price (up from $13.00) on shares of O-I Glass in a research note on Thursday, May 1st. Finally, Citigroup boosted their target price on O-I Glass from $11.00 to $14.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.88.

About O-I Glass

O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.