Universal Beteiligungs und Servicegesellschaft mbH Acquires Shares of 237,319 O-I Glass, Inc. (NYSE:OI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of O-I Glass, Inc. (NYSE:OI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 237,319 shares of the industrial products company's stock, valued at approximately $2,573,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.15% of O-I Glass at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in O-I Glass during the fourth quarter worth approximately $45,000. Sterling Capital Management LLC increased its holdings in shares of O-I Glass by 807.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,881 shares of the industrial products company's stock worth $53,000 after acquiring an additional 4,343 shares during the last quarter. KBC Group NV raised its stake in O-I Glass by 42.5% in the 4th quarter. KBC Group NV now owns 7,740 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 2,309 shares during the period. New Age Alpha Advisors LLC acquired a new stake in O-I Glass during the 4th quarter valued at $86,000. Finally, Point72 Asset Management L.P. bought a new position in O-I Glass during the fourth quarter worth $89,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OI. Royal Bank of Canada reissued an "outperform" rating and issued a $16.00 price objective on shares of O-I Glass in a research report on Monday, March 17th. Truist Financial reiterated a "buy" rating and issued a $16.00 price target (up previously from $13.00) on shares of O-I Glass in a research note on Thursday, May 1st. Barclays increased their price target on shares of O-I Glass from $13.00 to $14.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Citigroup boosted their price objective on O-I Glass from $11.00 to $14.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Finally, Wall Street Zen raised O-I Glass from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.88.

O-I Glass Stock Performance

NYSE OI traded up $0.11 during trading on Wednesday, reaching $13.06. The company's stock had a trading volume of 1,663,200 shares, compared to its average volume of 1,551,893. 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 $2.02 billion, a price-to-earnings ratio of -18.39, a price-to-earnings-growth ratio of 0.24 and a beta of 0.93. O-I Glass, Inc. has a 12 month low of $9.23 and a 12 month high of $14.34. The firm has a 50 day moving average price of $12.14 and a 200 day moving average price of $11.67.

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

O-I Glass Profile

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.