Owens-Illinois, Inc. (NYSE:OI) SVP Moyano Giancarlo Currarino sold 1,360 shares of the company’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 transaction, 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 filing with the SEC, which can be accessed through this hyperlink.

Owens-Illinois, Inc. (NYSE OI) traded up 0.73% during midday trading on Tuesday, reaching $24.96. The company had a trading volume of 263,204 shares. Owens-Illinois, Inc. has a 12-month low of $16.80 and a 12-month high of $25.08. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 18.09 and a beta of 1.51. The stock’s 50 day moving average is $24.09 and its 200 day moving average is $22.37.

Owens-Illinois (NYSE:OI) last posted its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. Owens-Illinois had a return on equity of 72.15% and a net margin of 3.36%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The business’s revenue was down .5% on a year-over-year basis. Equities research analysts expect that Owens-Illinois, Inc. will post $2.62 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of OI. BlackRock Inc. boosted its position in Owens-Illinois by 16,329.5% in the first quarter. BlackRock Inc. now owns 14,655,477 shares of the industrial products company’s stock worth $298,679,000 after purchasing an additional 14,566,275 shares during the last quarter. Vanguard Group Inc. boosted its position in Owens-Illinois by 7.5% in the first quarter. Vanguard Group Inc. now owns 16,401,514 shares of the industrial products company’s stock worth $334,263,000 after purchasing an additional 1,139,389 shares during the last quarter. FMR LLC boosted its position in Owens-Illinois by 918.1% in the first quarter. FMR LLC now owns 1,053,180 shares of the industrial products company’s stock worth $21,464,000 after purchasing an additional 949,734 shares during the last quarter. Prudential Financial Inc. boosted its position in Owens-Illinois by 33.6% in the first quarter. Prudential Financial Inc. now owns 3,776,681 shares of the industrial products company’s stock worth $76,969,000 after purchasing an additional 949,286 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in Owens-Illinois by 30.7% in the second quarter. Thrivent Financial For Lutherans now owns 2,929,740 shares of the industrial products company’s stock worth $70,080,000 after purchasing an additional 688,720 shares during the last quarter. 95.05% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have recently commented on OI shares. Royal Bank Of Canada reissued a “hold” rating and issued a $22.00 price objective on shares of Owens-Illinois in a report on Thursday, July 6th. BidaskClub raised Owens-Illinois from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Zacks Investment Research raised Owens-Illinois from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Monday, May 15th. Robert W. Baird reissued a “hold” rating and issued a $25.00 price objective on shares of Owens-Illinois in a report on Friday, September 1st. Finally, BMO Capital Markets reissued a “hold” rating and issued a $25.00 price objective on shares of Owens-Illinois in a report on Sunday, August 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price 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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