O-I Glass, Inc. (NYSE:OI) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its holdings in O-I Glass, Inc. (NYSE:OI - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,738,277 shares of the industrial products company's stock after purchasing an additional 135,989 shares during the quarter. Northern Trust Corp owned about 1.12% of O-I Glass worth $18,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its position in O-I Glass by 349.3% during the 3rd quarter. Barclays PLC now owns 261,161 shares of the industrial products company's stock worth $3,427,000 after buying an additional 203,037 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of O-I Glass by 18.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 619,643 shares of the industrial products company's stock worth $8,130,000 after purchasing an additional 94,671 shares during the last quarter. Moody National Bank Trust Division boosted its stake in shares of O-I Glass by 35.6% during the 4th quarter. Moody National Bank Trust Division now owns 103,343 shares of the industrial products company's stock worth $1,120,000 after purchasing an additional 27,159 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of O-I Glass by 111.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,401,400 shares of the industrial products company's stock worth $15,191,000 after acquiring an additional 737,123 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of O-I Glass by 27.5% during the 4th quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company's stock worth $228,000 after acquiring an additional 4,528 shares during the period. Hedge funds and other institutional investors own 97.24% of the company's stock.

O-I Glass Stock Down 2.7%

NYSE:OI traded down $0.37 during trading hours on Friday, hitting $13.29. The stock had a trading volume of 956,313 shares, compared to its average volume of 1,573,612. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78. O-I Glass, Inc. has a 1-year low of $9.23 and a 1-year high of $14.34. The business has a 50 day simple moving average of $11.82 and a two-hundred day simple moving average of $11.60. The company has a market cap of $2.06 billion, a PE ratio of -18.72, a price-to-earnings-growth ratio of 0.24 and a beta of 0.93.

O-I Glass (NYSE:OI - Get Free Report) last issued its quarterly earnings data 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. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter last year, the company earned $0.45 earnings per share. O-I Glass's revenue for the quarter was up .4% on a year-over-year basis. Analysts predict that O-I Glass, Inc. will post 1.33 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OI. Citigroup increased their price objective on shares of O-I Glass from $11.00 to $14.00 and gave the stock a "neutral" rating in a report on Friday, May 9th. Truist Financial restated a "buy" rating and issued a $16.00 price target (up previously from $13.00) on shares of O-I Glass in a report on Thursday, May 1st. Barclays raised 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. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $16.00 price target on shares of O-I Glass in a report on Monday, March 17th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.88.

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.