Owens-Illinois, Inc. (NYSE:OI) insider Sergio B.O. Galindo sold 5,477 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $24.93, for a total value of $136,541.61. Following the completion of the sale, the insider now owns 34,890 shares of the company’s stock, valued at approximately $869,807.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Owens-Illinois, Inc. (NYSE:OI) traded up 0.28% on Wednesday, reaching $24.78. The company’s stock had a trading volume of 1,300,834 shares. The stock has a market cap of $4.04 billion, a PE ratio of 17.96 and a beta of 1.51. The company’s 50 day moving average is $24.12 and its 200-day moving average is $22.42. Owens-Illinois, Inc. has a 1-year low of $16.80 and a 1-year high of $25.08.
Owens-Illinois (NYSE:OI) last posted its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.77 billion. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, equities analysts predict that Owens-Illinois, Inc. will post $2.62 earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of the business. Sigma Planning Corp increased its stake in Owens-Illinois by 0.5% in the 2nd quarter. Sigma Planning Corp now owns 21,460 shares of the industrial products company’s stock valued at $513,000 after buying an additional 100 shares during the last quarter. Atria Investments LLC increased its stake in shares of Owens-Illinois by 1.3% during the 2nd quarter. Atria Investments LLC now owns 11,342 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 142 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Owens-Illinois by 0.9% during the 2nd quarter. Advisor Group Inc. now owns 16,417 shares of the industrial products company’s stock worth $393,000 after purchasing an additional 150 shares during the last quarter. Contravisory Investment Management Inc. increased its stake in shares of Owens-Illinois by 1.5% during the 2nd quarter. Contravisory Investment Management Inc. now owns 13,982 shares of the industrial products company’s stock worth $334,000 after purchasing an additional 203 shares during the last quarter. Finally, First Allied Advisory Services Inc. increased its stake in shares of Owens-Illinois by 2.4% during the 2nd quarter. First Allied Advisory Services Inc. now owns 11,600 shares of the industrial products company’s stock worth $277,000 after purchasing an additional 270 shares during the last quarter. Hedge funds and other institutional investors own 95.05% of the company’s stock.
OI has been the subject of several analyst reports. BidaskClub downgraded Owens-Illinois from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. ValuEngine downgraded Owens-Illinois from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 3rd. Zacks Investment Research raised Owens-Illinois from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Monday, May 29th. Barclays PLC upped their target price on Owens-Illinois from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $22.00 price target on shares of Owens-Illinois in a research report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $25.50.
Owens-Illinois Company Profile
Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.
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