Jefferies Financial Group Inc. Makes New Investment in O-I Glass, Inc. $OI

Jefferies Financial Group Inc. purchased a new position in O-I Glass, Inc. (NYSE:OI) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 62,514 shares of the industrial products company’s stock, valued at approximately $923,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in O-I Glass by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 19,349,218 shares of the industrial products company’s stock worth $250,959,000 after buying an additional 691,989 shares during the period. Dimensional Fund Advisors LP increased its position in O-I Glass by 2.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,232,239 shares of the industrial products company’s stock worth $106,773,000 after buying an additional 170,696 shares during the period. Alliancebernstein L.P. increased its position in O-I Glass by 0.7% in the 3rd quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company’s stock worth $103,718,000 after buying an additional 56,945 shares during the period. Highland Peak Capital LLC increased its position in O-I Glass by 22.2% in the 3rd quarter. Highland Peak Capital LLC now owns 3,113,780 shares of the industrial products company’s stock worth $40,386,000 after buying an additional 566,703 shares during the period. Finally, Bank of America Corp DE increased its position in O-I Glass by 18.7% in the 3rd quarter. Bank of America Corp DE now owns 2,618,748 shares of the industrial products company’s stock worth $33,965,000 after buying an additional 412,497 shares during the period. 97.24% of the stock is owned by institutional investors.

O-I Glass Price Performance

Shares of OI stock opened at $8.76 on Friday. The stock’s fifty day simple moving average is $9.84 and its 200 day simple moving average is $12.70. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.26 and a quick ratio of 0.73. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -7.18, a P/E/G ratio of 1.04 and a beta of 0.65. O-I Glass, Inc. has a one year low of $8.00 and a one year 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 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company 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%. O-I Glass’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm 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.

Insider Activity at O-I Glass

In related news, SVP Randolph L. Burns purchased 11,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average price of $9.32 per share, with a total value of $102,520.00. Following the purchase, the senior vice president directly owned 133,932 shares in the company, valued at $1,248,246.24. This represents a 8.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Darrow A. Abrahams purchased 2,774 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of $9.04 per share, for a total transaction of $25,076.96. Following the purchase, the senior vice president owned 235,928 shares in the company, valued at $2,132,789.12. This represents a 1.19% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 17,083 shares of company stock valued at $157,312 in the last 90 days. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Robert W. Baird set a $20.00 price target on O-I Glass in a research report on Thursday, February 12th. Wells Fargo & Company downgraded O-I Glass from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $18.00 to $13.00 in a research report on Friday, March 20th. Truist Financial reissued a “buy” rating and set a $14.00 price objective (down from $15.00) on shares of O-I Glass in a report on Thursday, April 30th. UBS Group decreased their price objective on O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Finally, Citigroup decreased their price objective on O-I Glass from $12.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, O-I Glass currently has a consensus rating of “Hold” and a consensus target price of $15.50.

O-I Glass 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.