Public Sector Pension Investment Board Has $3.81 Million Stock Position in O-I Glass, Inc. (NYSE:OI)

Public Sector Pension Investment Board grew its stake in O-I Glass, Inc. (NYSE:OI) by 8.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 342,627 shares of the industrial products company’s stock after buying an additional 25,477 shares during the quarter. Public Sector Pension Investment Board owned 0.22% of O-I Glass worth $3,813,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fidelis Capital Partners LLC acquired a new stake in O-I Glass in the 1st quarter valued at approximately $33,000. TFO Wealth Partners LLC raised its holdings in shares of O-I Glass by 24,311.1% in the fourth quarter. TFO Wealth Partners LLC now owns 2,197 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 2,188 shares during the last quarter. FinTrust Capital Advisors LLC bought a new stake in shares of O-I Glass in the first quarter worth $38,000. Headlands Technologies LLC acquired a new position in O-I Glass during the first quarter worth $39,000. Finally, Bessemer Group Inc. grew its position in O-I Glass by 40.2% in the first quarter. Bessemer Group Inc. now owns 4,597 shares of the industrial products company’s stock valued at $76,000 after purchasing an additional 1,318 shares in the last quarter. Institutional investors own 97.24% of the company’s stock.

Insiders Place Their Bets

In other news, Director John Humphrey bought 15,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $11.30 per share, for a total transaction of $169,500.00. Following the completion of the purchase, the director now owns 84,227 shares in the company, valued at $951,765.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on OI. Barclays reduced their price objective on shares of O-I Glass from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. StockNews.com upgraded O-I Glass from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. UBS Group dropped their price objective on O-I Glass from $26.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Citigroup decreased their target price on shares of O-I Glass from $14.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, July 8th. Finally, Robert W. Baird dropped their price target on shares of O-I Glass from $22.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.25.

O-I Glass Stock Up 0.3 %

OI opened at $13.27 on Friday. The stock’s fifty day simple moving average is $12.25 and its 200 day simple moving average is $13.00. O-I Glass, Inc. has a 1-year low of $10.08 and a 1-year high of $17.58. The stock has a market cap of $2.07 billion, a PE ratio of -8.35, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. The company has a current ratio of 1.26, a quick ratio of 0.75 and a debt-to-equity ratio of 2.85.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. O-I Glass had a negative net margin of 4.32% and a positive return on equity of 15.64%. The company’s revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 earnings per share. As a group, research analysts expect that O-I Glass, Inc. will post 1.13 earnings per share for the current year.

O-I Glass Company Profile

O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.