O-I Glass, Inc. (NYSE:OI) SVP Arnaud Aujouannet Sells 1,237 Shares

O-I Glass, Inc. (NYSE:OI) SVP Arnaud Aujouannet sold 1,237 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $12.95, for a total transaction of $16,019.15. Following the completion of the sale, the senior vice president now directly owns 141,431 shares in the company, valued at approximately $1,831,531.45. The trade was a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

O-I Glass Stock Up 2.6 %

Shares of OI opened at $13.43 on Friday. The business’s fifty day moving average price is $11.62 and its two-hundred day moving average price is $11.56. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -18.92, a PEG ratio of 0.24 and a beta of 0.93. O-I Glass, Inc. has a 52 week low of $9.23 and a 52 week high of $14.15. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15.

O-I Glass (NYSE:OI) last posted its quarterly earnings results 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. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.55 billion. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. On average, analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

Institutional Investors Weigh In On O-I Glass

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in O-I Glass by 18.0% in the third quarter. JPMorgan Chase & Co. now owns 619,643 shares of the industrial products company’s stock valued at $8,130,000 after acquiring an additional 94,671 shares during the last quarter. Sei Investments Co. lifted its stake in shares of O-I Glass by 112.8% in 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 during the period. Victory Capital Management Inc. boosted its position in shares of O-I Glass by 57.1% in the 4th quarter. Victory Capital Management Inc. now owns 139,302 shares of the industrial products company’s stock worth $1,510,000 after purchasing an additional 50,641 shares during the last quarter. Barclays PLC grew its stake in shares of O-I Glass by 349.3% during the third quarter. Barclays PLC now owns 261,161 shares of the industrial products company’s stock worth $3,427,000 after purchasing an additional 203,037 shares during the period. 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 valued at $996,000 after buying an additional 64,844 shares during the period. Institutional investors and hedge funds own 97.24% of the company’s stock.

Analysts Set New Price Targets

OI has been the topic of a number of recent analyst reports. Barclays boosted 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 research report on Friday, May 2nd. Truist Financial reissued a “buy” rating and issued a $16.00 target price (up from $13.00) on shares of O-I Glass in a report on Thursday, May 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $16.00 price target on shares of O-I Glass in a report on Monday, March 17th. Finally, Citigroup boosted their price objective on O-I Glass from $11.00 to $14.00 and gave the stock a “neutral” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, O-I Glass has a consensus rating of “Moderate Buy” and an average target price 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.