Owens-Illinois, Inc. (NYSE:OI) SVP Moyano Giancarlo Currarino sold 1,360 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $23.97, for a total value of $32,599.20. Following the sale, the senior vice president now directly owns 23,954 shares of the company’s stock, valued at approximately $574,177.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Owens-Illinois, Inc. (NYSE:OI) opened at 24.71 on Wednesday. Owens-Illinois, Inc. has a 12-month low of $16.80 and a 12-month high of $25.08. The stock has a 50 day moving average price of $24.11 and a 200-day moving average price of $22.38. The company has a market cap of $4.02 billion, a price-to-earnings ratio of 17.91 and a beta of 1.51.
Owens-Illinois (NYSE:OI) last posted its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.08. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.77 billion. Owens-Illinois had a return on equity of 72.15% and a net margin of 3.36%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. On average, analysts predict that Owens-Illinois, Inc. will post $2.62 EPS for the current fiscal year.
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Several brokerages have issued reports on OI. UBS AG began coverage on Owens-Illinois in a report on Tuesday, September 5th. They issued a “neutral” rating and a $26.00 price target on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $27.00 price target (up previously from $26.00) on shares of Owens-Illinois in a report on Wednesday, August 2nd. Robert W. Baird reiterated a “hold” rating and issued a $25.00 price target on shares of Owens-Illinois in a report on Friday, September 1st. BidaskClub lowered Owens-Illinois from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $24.00 price target on shares of Owens-Illinois in a report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.50.
Institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale grew its stake in shares of Owens-Illinois by 104.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,635 shares of the industrial products company’s stock worth $110,000 after buying an additional 2,366 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Owens-Illinois in the 2nd quarter worth approximately $113,000. Acrospire Investment Management LLC grew its stake in shares of Owens-Illinois by 163.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 6,714 shares of the industrial products company’s stock worth $161,000 after buying an additional 4,169 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. grew its stake in shares of Owens-Illinois by 113.2% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the industrial products company’s stock worth $165,000 after buying an additional 4,300 shares during the last quarter. Finally, Flinton Capital Management LLC grew its stake in shares of Owens-Illinois by 74.4% in the 2nd quarter. Flinton Capital Management LLC now owns 7,200 shares of the industrial products company’s stock worth $172,000 after buying an additional 3,072 shares during the last quarter. Institutional investors own 95.05% of the company’s stock.
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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