O-I Glass (NYSE:OI) SVP Buys $102,520.00 in Stock

O-I Glass, Inc. (NYSE:OI) SVP Randolph Burns bought 11,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was bought at an average cost 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

O-I Glass Trading Down 1.2%

NYSE:OI opened at $8.88 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. O-I Glass, Inc. has a 12 month low of $8.00 and a 12 month high of $16.91. The company has a market cap of $1.36 billion, a PE ratio of -7.27, a price-to-earnings-growth ratio of 1.03 and a beta of 0.65. The company has a 50 day simple moving average of $10.37 and a two-hundred day simple moving average of $12.96.

O-I Glass (NYSE:OI) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm posted $0.40 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Research analysts forecast that O-I Glass, Inc. will post 1.2 earnings per share for the current year.

More O-I Glass News

Here are the key news stories impacting O-I Glass this week:

• Negative Sentiment: Zacks Research lowered its EPS forecasts across several future quarters for O-I Glass, signaling weaker expected earnings growth and adding to bearish pressure on the stock.
• Negative Sentiment: The firm maintained a “Strong Sell” rating, which may further discourage buyers and keep the shares under selling pressure. O-I Glass stock page
• Positive Sentiment: Recent unusual options activity showed heavy call buying in OI, which can sometimes signal speculative optimism or a possible rebound trade.
• Positive Sentiment: Insider buying by SVP Darrow Abrahams may be viewed as a vote of confidence in the company’s long-term value.
• Neutral Sentiment: O-I Glass recently beat revenue estimates in its latest quarter, though EPS came in below expectations, leaving the market with mixed fundamental signals.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of OI. Royal Bank of Canada lifted its stake in shares of O-I Glass by 33.9% during the 1st quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company’s stock valued at $1,294,000 after buying an additional 28,548 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of O-I Glass by 154.0% during the 1st quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company’s stock valued at $1,993,000 after buying an additional 107,388 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of O-I Glass by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company’s stock valued at $1,057,000 after buying an additional 4,055 shares in the last quarter. United Services Automobile Association purchased a new position in shares of O-I Glass during the 1st quarter valued at $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of O-I Glass by 43.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company’s stock valued at $6,036,000 after buying an additional 160,649 shares in the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of O-I Glass from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. UBS Group dropped their price target on shares of O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. 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 note on Thursday, April 30th. Robert W. Baird set a $20.00 price target on shares of O-I Glass in a research note on Thursday, February 12th. Finally, Royal Bank Of Canada set a $14.00 price target on shares of O-I Glass in a research note on Friday, April 17th. One 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $15.50.

O-I Glass Company Profile

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.