O-I Glass (NYSE:OI) SVP Acquires $29,714.82 in Stock

O-I Glass, Inc. (NYSE:OI) SVP Eduardo Restrepo acquired 3,309 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $8.98 per share, for a total transaction of $29,714.82. Following the completion of the acquisition, the senior vice president owned 94,199 shares in the company, valued at $845,907.02. The trade was a 3.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

O-I Glass Price Performance

NYSE:OI opened at $8.33 on Monday. O-I Glass, Inc. has a 12 month low of $8.00 and a 12 month high of $16.91. The stock has a 50 day moving average of $10.29 and a two-hundred day moving average of $12.93. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The firm has a market cap of $1.28 billion, a P/E ratio of -6.82, a price-to-earnings-growth ratio of 0.95 and a beta of 0.65.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations 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 was down 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, analysts expect that O-I Glass, Inc. will post 1.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup lowered their target price on shares of O-I Glass from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Truist Financial reissued a “buy” rating and issued a $14.00 price target (down from $15.00) on shares of O-I Glass in a research note on Thursday, April 30th. Royal Bank Of Canada set a $14.00 price target on shares of O-I Glass in a research report on Friday, April 17th. Zacks Research cut shares of O-I Glass from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Finally, Robert W. Baird set a $20.00 price objective on shares of O-I Glass in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $15.50.

Key Stories Impacting O-I Glass

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

• Positive Sentiment: Traders bought 2,354 call options on O-I Glass, a large jump versus normal activity, suggesting some investors are betting on a rebound.
• Neutral Sentiment: Zacks Research slightly raised its Q4 2026 EPS estimate to $0.35 from $0.34, indicating a modest improvement in that quarter.
• Negative Sentiment: Zacks Research cut its Q2 2026 EPS estimate to $0.29 from $0.51, a sizable reduction that signals weaker near-term profitability.
• Negative Sentiment: The firm also lowered FY2026 EPS to $1.21 from $1.67 and FY2027 EPS to $1.78 from $2.09, pointing to a more cautious longer-term outlook.
• Negative Sentiment: Additional forecast cuts were made for several quarters from late 2026 through 2028, reinforcing concerns about earnings momentum.
• Negative Sentiment: The repeated downgrade pressure and “Strong Sell” stance are likely contributing to the stock’s weakness today. O-I Glass (OI) price target decreased by 20.27% to 13.37

Institutional Investors Weigh In On O-I Glass

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. boosted its holdings in O-I Glass by 194.6% in the 2nd quarter. Alliancebernstein L.P. now owns 7,939,841 shares of the industrial products company’s stock valued at $117,033,000 after purchasing an additional 5,244,440 shares during the last quarter. Cooper Creek Partners Management LLC increased its holdings in shares of O-I Glass by 73.8% during the 1st quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock worth $73,636,000 after buying an additional 2,975,181 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of O-I Glass during the 4th quarter worth approximately $40,090,000. Arrowstreet Capital Limited Partnership raised its position in shares of O-I Glass by 288.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,215,632 shares of the industrial products company’s stock valued at $47,463,000 after buying an additional 2,388,299 shares during the period. Finally, Brandywine Global Investment Management LLC purchased a new stake in shares of O-I Glass during the 4th quarter valued at approximately $25,064,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

About O-I Glass

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.