O-I Glass, Inc. $OI Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC increased its position in shares of O-I Glass, Inc. (NYSE:OI) by 18.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,493 shares of the industrial products company’s stock after acquiring an additional 3,049 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in O-I Glass were worth $305,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in O-I Glass by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 767,260 shares of the industrial products company’s stock worth $8,800,000 after purchasing an additional 17,254 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of O-I Glass by 117.7% in the 1st quarter. SG Americas Securities LLC now owns 45,766 shares of the industrial products company’s stock valued at $525,000 after acquiring an additional 24,743 shares in the last quarter. American Century Companies Inc. increased its position in O-I Glass by 11.0% in the 1st quarter. American Century Companies Inc. now owns 326,153 shares of the industrial products company’s stock worth $3,741,000 after buying an additional 32,339 shares during the period. GAMMA Investing LLC increased its position in shares of O-I Glass by 79.3% during the first quarter. GAMMA Investing LLC now owns 2,583 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 1,142 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of O-I Glass during the first quarter valued at approximately $658,000. Hedge funds and other institutional investors own 97.24% of the company’s stock.

O-I Glass Price Performance

O-I Glass stock opened at $12.34 on Thursday. The stock’s 50 day moving average price is $12.99 and its two-hundred day moving average price is $13.09. O-I Glass, Inc. has a 52-week low of $9.23 and a 52-week high of $16.04. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.77 and a current ratio of 1.24. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -7.48, a PEG ratio of 0.23 and a beta of 0.93.

O-I Glass (NYSE:OI) last posted its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.12. O-I Glass had a positive return on equity of 13.70% and a negative net margin of 3.95%.The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the business earned $0.44 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. O-I Glass has set its FY 2025 guidance at 1.300-1.55 EPS. On average, equities analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Gordon Hardie acquired 8,000 shares of O-I Glass stock in a transaction on Tuesday, August 5th. The stock was acquired at an average cost of $13.10 per share, with a total value of $104,800.00. Following the completion of the acquisition, the chief executive officer owned 515,817 shares in the company, valued at approximately $6,757,202.70. This trade represents a 1.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Darrow A. Abrahams bought 3,828 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were bought at an average price of $13.05 per share, for a total transaction of $49,955.40. Following the transaction, the senior vice president owned 184,447 shares of the company’s stock, valued at approximately $2,407,033.35. This represents a 2.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.93% of the company’s stock.

Analyst Ratings Changes

OI has been the subject of a number of research analyst reports. Truist Financial set a $21.00 price target on O-I Glass and gave the company a “buy” rating in a report on Friday, July 11th. Zacks Research downgraded O-I Glass from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 25th. Wall Street Zen cut O-I Glass from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. BNP Paribas set a $18.00 price objective on O-I Glass in a research report on Wednesday, June 25th. Finally, Bank of America restated a “neutral” rating and set a $17.00 price objective (up previously from $15.00) on shares of O-I Glass in a research note on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $17.00.

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.