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

O-I Glass, Inc. (NYSE:OI) SVP Arnaud Aujouannet sold 1,237 shares of O-I Glass stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $12.95, for a total value 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. This represents a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

O-I Glass Stock Performance

Shares of O-I Glass stock opened at $13.43 on Friday. The company’s fifty day moving average is $11.62 and its 200 day moving average is $11.55. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 3.78. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of -18.92, a P/E/G ratio of 0.24 and a beta of 0.93. O-I Glass, Inc. has a twelve month low of $9.23 and a twelve month high of $14.15.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.22. The firm 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 business’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Sell-side analysts forecast that O-I Glass, Inc. will post 1.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OI. Royal Bank of Canada restated an “outperform” rating and set a $16.00 price objective on shares of O-I Glass in a research note on Monday, March 17th. Citigroup increased 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 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. Finally, Barclays lifted their target price on 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, O-I Glass has an average rating of “Moderate Buy” and a consensus target price of $15.88.

Hedge Funds Weigh In On O-I Glass

Several institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp lifted its position in O-I Glass by 2.2% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 42,900 shares of the industrial products company’s stock valued at $465,000 after acquiring an additional 916 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of O-I Glass by 79.3% in the first quarter. GAMMA Investing LLC now owns 2,583 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 1,142 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in O-I Glass by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 75,226 shares of the industrial products company’s stock valued at $863,000 after acquiring an additional 1,204 shares during the period. Baird Financial Group Inc. boosted its stake in O-I Glass by 9.6% in the 4th quarter. Baird Financial Group Inc. now owns 16,152 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,410 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of O-I Glass by 13.4% in the fourth quarter. Corient Private Wealth LLC now owns 16,544 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 1,954 shares during the period. Institutional investors and hedge funds own 97.24% of the company’s stock.

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.