O-I Glass (NYSE:OI) SVP Purchases $25,076.96 in Stock

O-I Glass, Inc. (NYSE:OI) SVP Darrow Abrahams purchased 2,774 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $9.04 per share, with a total value of $25,076.96. Following the completion of the acquisition, the senior vice president directly owned 235,928 shares of the company’s stock, valued at $2,132,789.12. This represents a 1.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

O-I Glass Stock Performance

Shares of OI opened at $8.88 on Friday. The stock has a 50 day moving average price of $10.37 and a 200 day moving average price of $12.96. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 3.35. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -7.27, a price-to-earnings-growth ratio of 1.03 and a beta of 0.65. O-I Glass, Inc. has a 52-week low of $8.00 and a 52-week high of $16.91.

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

Institutional Investors Weigh In On O-I Glass

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised 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 purchasing an additional 691,989 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $97,094,000 after purchasing an additional 729,191 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of 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 worth $103,718,000 after purchasing an additional 56,945 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of 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 worth $44,629,000 after purchasing an additional 1,030,705 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of O-I Glass by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 3,783,387 shares of the industrial products company’s stock worth $55,852,000 after purchasing an additional 22,430 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Key O-I Glass News

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

• Negative Sentiment: Zacks Research lowered its EPS forecasts across several future quarters for O-I Glass, signaling weaker expected earnings growth and adding to bearish pressure on the stock.
• Negative Sentiment: The firm maintained a “Strong Sell” rating, which may further discourage buyers and keep the shares under selling pressure. O-I Glass stock page
• Positive Sentiment: Recent unusual options activity showed heavy call buying in OI, which can sometimes signal speculative optimism or a possible rebound trade.
• Positive Sentiment: Insider buying by SVP Darrow Abrahams may be viewed as a vote of confidence in the company’s long-term value.
• Neutral Sentiment: O-I Glass recently beat revenue estimates in its latest quarter, though EPS came in below expectations, leaving the market with mixed fundamental signals.

Analyst Ratings Changes

A number of brokerages recently issued reports on OI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of O-I Glass in a report on Tuesday, April 21st. Truist Financial reaffirmed a “buy” rating and issued a $14.00 price target (down from $15.00) on shares of O-I Glass in a report on Thursday, April 30th. Citigroup lowered their price target on O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Wells Fargo & Company downgraded O-I Glass from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $18.00 to $13.00 in a report on Friday, March 20th. Finally, Zacks Research downgraded O-I Glass from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.50.

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.