O-I Glass (NYSE:OI) SVP Randolph Burns Acquires 11,000 Shares of Stock

O-I Glass, Inc. (NYSE:OI) SVP Randolph Burns purchased 11,000 shares of the stock in a transaction dated 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 transaction, the senior vice president owned 133,932 shares in the company, valued at $1,248,246.24. This trade represents a 8.95% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

O-I Glass Stock Down 2.8%

Shares of NYSE:OI opened at $8.80 on Wednesday. O-I Glass, Inc. has a one year low of $8.00 and a one year high of $16.91. The company has a 50 day moving average of $10.53 and a 200-day moving average of $13.01. 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 stock has a market cap of $1.35 billion, a price-to-earnings ratio of -7.21, a P/E/G ratio of 1.04 and a beta of 0.65.

O-I Glass (NYSE:OI) last issued 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). O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm earned $0.40 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, sell-side analysts forecast that O-I Glass, Inc. will post 1.2 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on OI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of O-I Glass in a research report on Tuesday, April 21st. Wells Fargo & Company cut shares of O-I Glass from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $18.00 to $13.00 in a research report on Friday, March 20th. Truist Financial reiterated a “buy” rating and set a $14.00 price target (down from $15.00) on shares of O-I Glass in a research report on Thursday, April 30th. Citigroup lowered their price target on shares of O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Finally, UBS Group lowered their price target on shares of O-I Glass from $21.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, April 10th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.50.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in O-I Glass by 87.6% during the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 830 shares during the period. Headlands Technologies LLC acquired a new position in O-I Glass during the second quarter valued at approximately $29,000. Quarry LP acquired a new position in O-I Glass during the fourth quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd grew its holdings in O-I Glass by 36,533.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 2,192 shares during the period. Finally, State of Wyoming acquired a new position in O-I Glass during the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

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.