Northern Trust Corp decreased its position in shares of Owens-Illinois Inc (NYSE:OI) by 0.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,379,001 shares of the industrial products company’s stock after selling 5,682 shares during the period. Northern Trust Corp owned about 0.85% of Owens-Illinois worth $29,868,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Advisors Preferred LLC grew its holdings in shares of Owens-Illinois by 366.7% during the 4th quarter. Advisors Preferred LLC now owns 5,498 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 4,320 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Owens-Illinois in the 4th quarter worth approximately $188,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Owens-Illinois by 43.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,889 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 2,702 shares in the last quarter. Hourglass Capital LLC bought a new stake in shares of Owens-Illinois in the 1st quarter worth approximately $210,000. Finally, We Are One Seven LLC bought a new stake in shares of Owens-Illinois in the 4th quarter worth approximately $221,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.
A number of analysts have recently commented on the company. TheStreet raised Owens-Illinois from a “c” rating to a “b-” rating in a research report on Monday, April 23rd. Wells Fargo & Co raised Owens-Illinois from an “underperform” rating to a “market perform” rating in a research report on Thursday, May 24th. ValuEngine cut Owens-Illinois from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Robert W. Baird dropped their price target on Owens-Illinois from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 25th. Finally, KeyCorp reissued a “hold” rating on shares of Owens-Illinois in a research report on Tuesday, April 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.54.
Owens-Illinois opened at $17.12 on Thursday, Marketbeat.com reports. The company has a market capitalization of $2.80 billion, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 1.13 and a beta of 1.38. Owens-Illinois Inc has a 12-month low of $17.07 and a 12-month high of $25.90. The company has a current ratio of 1.33, a quick ratio of 0.82 and a debt-to-equity ratio of 5.04.
Owens-Illinois (NYSE:OI) last released its quarterly earnings data on Monday, April 23rd. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.01. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Owens-Illinois had a return on equity of 46.76% and a net margin of 3.30%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. analysts forecast that Owens-Illinois Inc will post 2.79 EPS for the current year.
Owens-Illinois Company Profile
Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.
Receive News & Ratings for Owens-Illinois Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens-Illinois and related companies with MarketBeat.com's FREE daily email newsletter.