O-I Glass, Inc. (NYSE:OI) Shares Purchased by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. grew its position in shares of O-I Glass, Inc. (NYSE:OI) by 27.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 319,760 shares of the industrial products company’s stock after purchasing an additional 68,621 shares during the quarter. Dana Investment Advisors Inc. owned 0.21% of O-I Glass worth $3,559,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of OI. Mackenzie Financial Corp grew its holdings in O-I Glass by 6.1% during the second quarter. Mackenzie Financial Corp now owns 20,091 shares of the industrial products company’s stock worth $224,000 after acquiring an additional 1,162 shares during the period. Bessemer Group Inc. raised its holdings in shares of O-I Glass by 40.2% in the 1st quarter. Bessemer Group Inc. now owns 4,597 shares of the industrial products company’s stock worth $76,000 after purchasing an additional 1,318 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of O-I Glass by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 135,154 shares of the industrial products company’s stock worth $2,242,000 after purchasing an additional 1,465 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in O-I Glass by 8.7% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,281 shares of the industrial products company’s stock valued at $357,000 after purchasing an additional 1,695 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in O-I Glass by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 78,300 shares of the industrial products company’s stock worth $871,000 after buying an additional 1,700 shares in the last quarter. Institutional investors own 97.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on OI shares. Robert W. Baird dropped their price target on O-I Glass from $22.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Barclays cut their target price on O-I Glass from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 1st. Citigroup decreased their price target on O-I Glass from $14.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, July 8th. Truist Financial restated a “buy” rating and set a $16.00 price objective (down previously from $17.00) on shares of O-I Glass in a report on Thursday, August 1st. Finally, Wells Fargo & Company decreased their target price on shares of O-I Glass from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

Insider Activity

In other news, Director John Humphrey acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average price of $11.30 per share, for a total transaction of $169,500.00. Following the completion of the acquisition, the director now owns 84,227 shares of the company’s stock, valued at approximately $951,765.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.49% of the stock is owned by corporate insiders.

O-I Glass Stock Performance

Shares of OI opened at $13.08 on Wednesday. The company has a market capitalization of $2.04 billion, a PE ratio of -8.23, a PEG ratio of 1.87 and a beta of 1.17. The company has a debt-to-equity ratio of 2.85, a quick ratio of 0.75 and a current ratio of 1.26. The company’s 50 day moving average price is $12.28 and its 200 day moving average price is $12.94. O-I Glass, Inc. has a 52 week low of $10.08 and a 52 week high of $17.58.

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

O-I Glass 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.