DekaBank Deutsche Girozentrale increased its stake in Owens-Illinois, Inc. (NYSE:OI) by 104.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,635 shares of the industrial products company’s stock after buying an additional 2,366 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Owens-Illinois were worth $110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Morgan Stanley raised its position in Owens-Illinois by 9.8% in the first quarter. Morgan Stanley now owns 710,399 shares of the industrial products company’s stock worth $14,478,000 after buying an additional 63,586 shares during the period. Canada Pension Plan Investment Board raised its position in Owens-Illinois by 79.0% in the first quarter. Canada Pension Plan Investment Board now owns 110,100 shares of the industrial products company’s stock worth $2,244,000 after buying an additional 48,600 shares during the period. State Treasurer State of Michigan raised its position in Owens-Illinois by 0.9% in the first quarter. State Treasurer State of Michigan now owns 65,900 shares of the industrial products company’s stock worth $1,343,000 after buying an additional 600 shares during the period. BlackRock Inc. raised its position in Owens-Illinois by 16,329.5% in the first quarter. BlackRock Inc. now owns 14,655,477 shares of the industrial products company’s stock worth $298,679,000 after buying an additional 14,566,275 shares during the period. Finally, Cipher Capital LP acquired a new position in Owens-Illinois during the first quarter worth $757,000. 95.05% of the stock is currently owned by institutional investors and hedge funds.

Shares of Owens-Illinois, Inc. (OI) opened at 24.49 on Thursday. The stock has a market cap of $3.99 billion, a P/E ratio of 17.75 and a beta of 1.50. Owens-Illinois, Inc. has a 12-month low of $16.80 and a 12-month high of $25.02. The company’s 50-day moving average is $24.18 and its 200-day moving average is $22.02.

Owens-Illinois (NYSE:OI) last released its earnings results on Monday, July 31st. The industrial products company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. Owens-Illinois had a return on equity of 72.15% and a net margin of 3.36%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Owens-Illinois, Inc. will post $2.63 earnings per share for the current year.

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A number of research firms have weighed in on OI. BidaskClub lowered shares of Owens-Illinois from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Owens-Illinois from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday, June 14th. TheStreet raised shares of Owens-Illinois from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. ValuEngine raised shares of Owens-Illinois from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $24.00 price objective on shares of Owens-Illinois in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $25.38.

About Owens-Illinois

Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.

Institutional Ownership by Quarter for Owens-Illinois (NYSE:OI)

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