O-I Glass, Inc. (NYSE:OI) Shares Acquired by tru Independence LLC

tru Independence LLC boosted its holdings in shares of O-I Glass, Inc. (NYSE:OI - Free Report) by 9.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 353,823 shares of the industrial products company's stock after acquiring an additional 30,125 shares during the quarter. tru Independence LLC owned 0.23% of O-I Glass worth $4,058,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. raised its position in O-I Glass by 112.8% during the 4th quarter. Sei Investments Co. now owns 93,174 shares of the industrial products company's stock valued at $1,010,000 after purchasing an additional 49,383 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of O-I Glass by 117.7% during the first quarter. SG Americas Securities LLC now owns 45,766 shares of the industrial products company's stock valued at $525,000 after buying an additional 24,743 shares during the period. Victory Capital Management Inc. raised its holdings in shares of 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 acquiring an additional 50,641 shares in the last quarter. Northern Trust Corp raised its holdings in shares of 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 acquiring an additional 135,989 shares in the last quarter. Finally, Amundi lifted its stake in O-I Glass by 212.9% in the fourth quarter. Amundi now owns 95,302 shares of the industrial products company's stock worth $996,000 after acquiring an additional 64,844 shares during the period. Institutional investors own 97.24% of the company's stock.

O-I Glass Stock Performance

Shares of OI traded down $0.05 during trading hours on Thursday, reaching $15.56. 1,465,215 shares of the company traded hands, compared to its average volume of 1,524,681. The company has a quick ratio of 0.73, a current ratio of 1.24 and a debt-to-equity ratio of 3.83. The business has a fifty day moving average price of $13.95 and a 200-day moving average price of $12.16. O-I Glass, Inc. has a 12-month low of $9.23 and a 12-month high of $16.04. The stock has a market capitalization of $2.41 billion, a P/E ratio of 20.81, a P/E/G ratio of 0.32 and a beta of 0.97.

O-I Glass (NYSE:OI - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.22. O-I Glass had a positive return on equity of 8.48% and a negative net margin of 2.98%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the business earned $0.45 EPS. The company's quarterly revenue 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 fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on OI. Royal Bank Of Canada reissued an "outperform" rating and set a $16.00 target price on shares of O-I Glass in a research report on Monday, March 17th. UBS Group reissued a "buy" rating and set a $19.00 price objective (up from $17.00) on shares of O-I Glass in a report on Wednesday. Bank of America reissued a "neutral" rating and issued a $17.00 price objective (up previously from $15.00) on shares of O-I Glass in a research note on Wednesday. Citigroup increased their target price on O-I Glass from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, July 3rd. Finally, Truist Financial reiterated 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. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $16.80.

O-I Glass Company 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.