110,566 Shares in O-I Glass, Inc. (NYSE:OI) Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new stake in O-I Glass, Inc. (NYSE:OI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 110,566 shares of the industrial products company's stock, valued at approximately $1,199,000. BNP Paribas Financial Markets owned approximately 0.07% of O-I Glass at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in OI. Sei Investments Co. boosted its position in O-I Glass by 112.8% in the fourth quarter. Sei Investments Co. now owns 93,174 shares of the industrial products company's stock valued at $1,010,000 after buying an additional 49,383 shares during the last quarter. Victory Capital Management Inc. boosted its position in O-I Glass by 57.1% in the fourth quarter. Victory Capital Management Inc. now owns 139,302 shares of the industrial products company's stock valued at $1,510,000 after buying an additional 50,641 shares during the last quarter. Barclays PLC boosted its position in O-I Glass by 349.3% in the third quarter. Barclays PLC now owns 261,161 shares of the industrial products company's stock valued at $3,427,000 after buying an additional 203,037 shares during the last quarter. Amundi boosted its position in O-I Glass by 212.9% in the fourth quarter. Amundi now owns 95,302 shares of the industrial products company's stock valued at $996,000 after buying an additional 64,844 shares during the last quarter. Finally, Northern Trust Corp boosted its position in O-I Glass by 8.5% in the fourth quarter. Northern Trust Corp now owns 1,738,277 shares of the industrial products company's stock valued at $18,843,000 after buying an additional 135,989 shares during the last quarter. 97.24% of the stock is currently owned by institutional investors.

O-I Glass Stock Performance

Shares of OI stock traded down $0.14 during midday trading on Friday, hitting $13.06. The company had a trading volume of 781,882 shares, compared to its average volume of 1,555,568. The company has a debt-to-equity ratio of 3.78, a current ratio of 1.15 and a quick ratio of 0.70. O-I Glass, Inc. has a 52-week low of $9.23 and a 52-week high of $14.34. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -18.39, a PEG ratio of 0.24 and a beta of 0.93. The company's 50 day simple moving average is $11.99 and its 200 day simple moving average is $11.66.

O-I Glass (NYSE:OI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The industrial products company reported $0.40 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the business earned $0.45 earnings per share. O-I Glass's quarterly revenue was up .4% compared to the same quarter last year. Research analysts anticipate that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on OI shares. Royal Bank of Canada reissued an "outperform" rating and issued a $16.00 price target on shares of O-I Glass in a report on Monday, March 17th. Truist Financial reissued a "buy" rating and issued a $16.00 price target (up from $13.00) on shares of O-I Glass in a report on Thursday, May 1st. Barclays boosted their price target on 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 target on O-I Glass from $11.00 to $14.00 and gave the company 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 report on Saturday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, O-I Glass presently has an average rating of "Moderate Buy" and a consensus price target of $15.88.

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.