O-I Glass, Inc. (NYSE:OI) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in O-I Glass, Inc. (NYSE:OI) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 272,427 shares of the industrial products company’s stock after acquiring an additional 11,266 shares during the quarter. Barclays PLC owned 0.18% of O-I Glass worth $2,954,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of O-I Glass by 18.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 619,643 shares of the industrial products company’s stock valued at $8,130,000 after acquiring an additional 94,671 shares during the period. Diversified Trust Co grew its stake in O-I Glass by 10.0% during the 4th quarter. Diversified Trust Co now owns 54,551 shares of the industrial products company’s stock valued at $591,000 after purchasing an additional 4,955 shares during the last quarter. Moody National Bank Trust Division increased its holdings in shares of O-I Glass by 35.6% in the fourth quarter. Moody National Bank Trust Division now owns 103,343 shares of the industrial products company’s stock valued at $1,120,000 after purchasing an additional 27,159 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of O-I Glass by 111.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,401,400 shares of the industrial products company’s stock worth $15,191,000 after purchasing an additional 737,123 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of O-I Glass by 27.5% during the fourth quarter. SG Americas Securities LLC now owns 21,023 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 4,528 shares during the period. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on OI shares. Royal Bank of Canada reissued an “outperform” rating and set a $16.00 price target on shares of O-I Glass in a research report on Monday, March 17th. Wells Fargo & Company decreased their target price on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Citigroup reduced their price objective on O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Truist Financial lowered their target price on O-I Glass from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Finally, Bank of America lifted their price target on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.00.

O-I Glass Stock Performance

NYSE:OI opened at $12.14 on Wednesday. The company has a fifty day moving average of $11.32 and a two-hundred day moving average of $11.54. O-I Glass, Inc. has a fifty-two week low of $9.23 and a fifty-two week high of $15.62. The stock has a market capitalization of $1.88 billion, a PE ratio of -17.10, a P/E/G ratio of 0.24 and a beta of 0.98. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.22. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period last year, the company posted $0.45 EPS. O-I Glass’s quarterly revenue was up .4% compared to the same quarter last year. As a group, research analysts forecast that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.

About O-I Glass

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.