Owens-Illinois, Inc. (OI) Insider Sells $136,541.61 in Stock
Owens-Illinois, Inc. (NYSE:OI) insider Sergio B.O. Galindo sold 5,477 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $24.93, for a total transaction of $136,541.61. Following the sale, the insider now owns 34,890 shares in the company, valued at $869,807.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Owens-Illinois, Inc. (OI) opened at 24.09 on Friday. The company has a market capitalization of $3.92 billion, a P/E ratio of 17.46 and a beta of 1.51. Owens-Illinois, Inc. has a one year low of $16.80 and a one year high of $25.04. The firm has a 50-day moving average of $24.11 and a 200-day moving average of $22.31.
Owens-Illinois (NYSE:OI) last issued its earnings results on Monday, July 31st. The industrial products company reported $0.75 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.08. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. Analysts forecast that Owens-Illinois, Inc. will post $2.62 earnings per share for the current year.
Several analysts have recently commented on the stock. Royal Bank Of Canada restated a “hold” rating and set a $25.00 price objective on shares of Owens-Illinois in a research report on Wednesday. BidaskClub downgraded shares of Owens-Illinois from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. UBS AG assumed coverage on shares of Owens-Illinois in a report on Tuesday. They issued a “neutral” rating and a $26.00 price target on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $27.00 price target (up from $26.00) on shares of Owens-Illinois in a report on Wednesday, August 2nd. Finally, Barclays PLC lifted their price target on shares of Owens-Illinois from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.50.
Several hedge funds and other institutional investors have recently modified their holdings of OI. BlackRock Inc. raised its position in shares of 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 valued at $298,679,000 after buying an additional 14,566,275 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Owens-Illinois by 7.5% in the first quarter. Vanguard Group Inc. now owns 16,401,514 shares of the industrial products company’s stock valued at $334,263,000 after buying an additional 1,139,389 shares during the last quarter. FMR LLC raised its position in shares of Owens-Illinois by 918.1% in the first quarter. FMR LLC now owns 1,053,180 shares of the industrial products company’s stock valued at $21,464,000 after buying an additional 949,734 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Owens-Illinois by 33.6% in the first quarter. Prudential Financial Inc. now owns 3,776,681 shares of the industrial products company’s stock valued at $76,969,000 after buying an additional 949,286 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Owens-Illinois by 30.7% in the second quarter. Thrivent Financial For Lutherans now owns 2,929,740 shares of the industrial products company’s stock valued at $70,080,000 after buying an additional 688,720 shares during the last quarter. Institutional investors and hedge funds own 95.05% of the company’s stock.
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.
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