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

O-I Glass, Inc. (NYSE:OI) SVP Arnaud Aujouannet sold 1,237 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $12.95, for a total value of $16,019.15. Following the sale, the senior vice president now directly owns 141,431 shares of the company’s stock, valued at $1,831,531.45. The trade was a 0.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

O-I Glass Stock Up 2.6 %

NYSE OI opened at $13.43 on Friday. O-I Glass, Inc. has a twelve month low of $9.23 and a twelve month high of $14.15. The stock has a market cap of $2.08 billion, a PE ratio of -18.92, a PEG ratio of 0.24 and a beta of 0.93. The firm has a 50-day simple moving average of $11.62 and a 200 day simple moving average of $11.56. 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 announced its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate 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 company’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. On average, research analysts forecast that O-I Glass, Inc. will post 1.33 EPS for the current year.

Institutional Investors Weigh In On O-I Glass

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of O-I Glass by 7.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,992,887 shares of the industrial products company’s stock worth $22,858,000 after acquiring an additional 144,030 shares during the period. Levin Capital Strategies L.P. raised its position in O-I Glass by 6.0% in the first quarter. Levin Capital Strategies L.P. now owns 2,915,106 shares of the industrial products company’s stock worth $33,436,000 after purchasing an additional 164,669 shares in the last quarter. IPG Investment Advisors LLC raised its position in O-I Glass by 11.4% in the first quarter. IPG Investment Advisors LLC now owns 2,050,708 shares of the industrial products company’s stock worth $23,522,000 after purchasing an additional 210,040 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in O-I Glass by 4.2% during the first quarter. PNC Financial Services Group Inc. now owns 52,337 shares of the industrial products company’s stock worth $600,000 after purchasing an additional 2,104 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in O-I Glass by 60.3% during the first quarter. Natixis Advisors LLC now owns 41,382 shares of the industrial products company’s stock valued at $475,000 after purchasing an additional 15,570 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $16.00 price objective on shares of O-I Glass in a research note on Monday, March 17th. Citigroup boosted their target price on shares of O-I Glass from $11.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial reaffirmed a “buy” rating and issued a $16.00 price target (up from $13.00) on shares of O-I Glass in a research report on Thursday, May 1st. Finally, Barclays boosted their price objective on O-I Glass from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Friday, May 2nd. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.88.

About O-I Glass

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.