Jensen Investment Management Inc. Has $452,000 Stake in Owens-Illinois, Inc. (OI)
Jensen Investment Management Inc. raised its position in Owens-Illinois, Inc. (NYSE:OI) by 14.2% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 24,590 shares of the company’s stock after buying an additional 3,050 shares during the period. Jensen Investment Management Inc.’s holdings in Owens-Illinois were worth $452,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. World Asset Management Inc boosted its position in shares of Owens-Illinois by 2.7% in the third quarter. World Asset Management Inc now owns 17,628 shares of the company’s stock worth $324,000 after buying an additional 471 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Owens-Illinois by 1.5% in the third quarter. Great West Life Assurance Co. Can now owns 7,638,356 shares of the company’s stock worth $140,301,000 after buying an additional 114,444 shares during the last quarter. Lee Danner & Bass Inc. boosted its position in shares of Owens-Illinois by 17.8% in the third quarter. Lee Danner & Bass Inc. now owns 421,597 shares of the company’s stock worth $7,753,000 after buying an additional 63,687 shares during the last quarter. Clark Estates Inc. NY boosted its position in shares of Owens-Illinois by 22.2% in the third quarter. Clark Estates Inc. NY now owns 1,100,000 shares of the company’s stock worth $20,229,000 after buying an additional 200,000 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its position in shares of Owens-Illinois by 0.4% in the third quarter. Gateway Investment Advisers LLC now owns 11,616 shares of the company’s stock worth $214,000 after buying an additional 51 shares during the last quarter. 95.32% of the stock is owned by institutional investors.
Owens-Illinois, Inc. (NYSE:OI) traded up 1.10% on Friday, hitting $19.25. The stock had a trading volume of 1,159,233 shares. The company’s 50-day moving average price is $18.22 and its 200 day moving average price is $18.17. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 11.01 and a beta of 1.59. Owens-Illinois, Inc. has a one year low of $11.58 and a one year high of $20.33.
Owens-Illinois (NYSE:OI) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Owens-Illinois had a return on equity of 86.33% and a net margin of 1.17%. The firm earned $1.71 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts expect that Owens-Illinois, Inc. will post $2.29 earnings per share for the current year.
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A number of equities analysts have commented on the company. RBC Capital Markets reissued a “hold” rating and set a $19.00 target price on shares of Owens-Illinois in a report on Wednesday, January 4th. Royal Bank Of Canada assumed coverage on Owens-Illinois in a research report on Friday, September 30th. They issued a “sector perform” rating and a $18.00 price target for the company. Zacks Investment Research upgraded Owens-Illinois from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Thursday, October 13th. Jefferies Group restated a “hold” rating and issued a $19.00 price target on shares of Owens-Illinois in a research report on Thursday, October 20th. Finally, Deutsche Bank AG restated a “hold” rating and issued a $20.00 price target (up from $18.73) on shares of Owens-Illinois in a research report on Tuesday, November 22nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.29.
Owens-Illinois, Inc is engaged in the manufacturing of glass containers. The Company’s principal product lines are glass containers for the food and beverage industries. Its segments include Europe, North America, Latin America and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.
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