O-I Glass (NYSE:OI) SVP Eduardo Restrepo Purchases 3,309 Shares of Stock

Key Points

• O-I Glass SVP Eduardo Restrepo bought 3,309 shares at $8.98 each, spending about $29,715 and increasing his stake by 3.64% to 94,199 shares.
• The stock was down 6.1% to $8.33, near its 12-month low of $8.00, as shares continue to trade well below both the 50-day and 200-day moving averages.
• The company recently missed earnings estimates with Q1 EPS of $0.05 versus $0.09 expected, while analysts have turned more cautious overall with a consensus rating of Hold and a $15.50 price target.

O-I Glass, Inc. (NYSE:OI - Get Free Report) SVP Eduardo Restrepo bought 3,309 shares of O-I Glass stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of $8.98 per share, for a total transaction of $29,714.82. Following the completion of the transaction, the senior vice president owned 94,199 shares of the company's stock, valued at approximately $845,907.02. This trade represents a 3.64% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

O-I Glass Trading Down 6.1%

Shares of NYSE:OI traded down $0.55 during trading on Friday, reaching $8.33. 1,870,460 shares of the company were exchanged, compared to its average volume of 2,268,371. The firm has a market capitalization of $1.28 billion, a PE ratio of -6.82, a P/E/G ratio of 1.03 and a beta of 0.65. The business's fifty day simple moving average is $10.37 and its 200-day simple moving average is $12.96. O-I Glass, Inc. has a 12-month low of $8.00 and a 12-month high of $16.91. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.26 and a quick ratio of 0.73.

O-I Glass (NYSE:OI - Get Free Report) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.04). The company had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.47 billion. O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The business's revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, research analysts anticipate that O-I Glass, Inc. will post 1.2 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OI. Citigroup cut their price objective on shares of O-I Glass from $12.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, May 4th. Wells Fargo & Company downgraded shares of O-I Glass from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $18.00 to $13.00 in a research note on Friday, March 20th. Truist Financial restated a "buy" rating and issued a $14.00 target price (down from $15.00) on shares of O-I Glass in a research note on Thursday, April 30th. Zacks Research downgraded shares of O-I Glass from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 3rd. Finally, Robert W. Baird set a $20.00 target price on shares of O-I Glass in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.50.

Institutional Investors Weigh In On O-I Glass

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of O-I Glass by 3.7% during the third quarter. Vanguard Group Inc. now owns 19,349,218 shares of the industrial products company's stock worth $250,959,000 after buying an additional 691,989 shares during the period. Dimensional Fund Advisors LP lifted its position in O-I Glass by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company's stock valued at $97,094,000 after purchasing an additional 729,191 shares during the period. Alliancebernstein L.P. lifted its position in O-I Glass by 0.7% during the third quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company's stock valued at $103,718,000 after purchasing an additional 56,945 shares during the period. Cooper Creek Partners Management LLC lifted its position in O-I Glass by 73.8% during the first quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company's stock valued at $73,636,000 after purchasing an additional 2,975,181 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in O-I Glass by 32.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company's stock valued at $44,629,000 after purchasing an additional 1,030,705 shares during the period. 97.24% of the stock is currently owned by institutional investors and hedge funds.

O-I Glass News Roundup

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Traders bought 2,354 call options on O-I Glass, a large jump versus normal activity, suggesting some investors are betting on a rebound.
• Neutral Sentiment: Zacks Research slightly raised its Q4 2026 EPS estimate to $0.35 from $0.34, indicating a modest improvement in that quarter.
• Negative Sentiment: Zacks Research cut its Q2 2026 EPS estimate to $0.29 from $0.51, a sizable reduction that signals weaker near-term profitability.
• Negative Sentiment: The firm also lowered FY2026 EPS to $1.21 from $1.67 and FY2027 EPS to $1.78 from $2.09, pointing to a more cautious longer-term outlook.
• Negative Sentiment: Additional forecast cuts were made for several quarters from late 2026 through 2028, reinforcing concerns about earnings momentum.
• Negative Sentiment: The repeated downgrade pressure and “Strong Sell” stance are likely contributing to the stock’s weakness today. O-I Glass (OI) price target decreased by 20.27% to 13.37

O-I Glass Company Profile

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.

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