Northwestern Mutual Investment Management Company LLC Grows Holdings in Owens-Illinois Inc (OI)

Share on StockTwits

Northwestern Mutual Investment Management Company LLC grew its holdings in Owens-Illinois Inc (NYSE:OI) by 56.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,375 shares of the industrial products company’s stock after purchasing an additional 12,029 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Owens-Illinois were worth $723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its position in shares of Owens-Illinois by 49.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,517,392 shares of the industrial products company’s stock valued at $54,527,000 after buying an additional 834,126 shares during the period. LSV Asset Management raised its position in shares of Owens-Illinois by 13.1% during the 1st quarter. LSV Asset Management now owns 4,911,580 shares of the industrial products company’s stock valued at $106,384,000 after buying an additional 568,038 shares during the period. BlackRock Inc. raised its position in shares of Owens-Illinois by 3.3% during the 1st quarter. BlackRock Inc. now owns 15,816,399 shares of the industrial products company’s stock valued at $342,585,000 after buying an additional 503,803 shares during the period. Russell Investments Group Ltd. raised its position in shares of Owens-Illinois by 31.5% during the 1st quarter. Russell Investments Group Ltd. now owns 1,285,845 shares of the industrial products company’s stock valued at $27,848,000 after buying an additional 307,741 shares during the period. Finally, Boston Partners raised its position in shares of Owens-Illinois by 21.9% during the 1st quarter. Boston Partners now owns 1,570,331 shares of the industrial products company’s stock valued at $34,013,000 after buying an additional 282,052 shares during the period. 94.32% of the stock is currently owned by institutional investors and hedge funds.

OI has been the topic of several analyst reports. ValuEngine lowered shares of Owens-Illinois from a “buy” rating to a “hold” rating in a research report on Wednesday, March 28th. Bank of America lowered shares of Owens-Illinois from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a research report on Wednesday, April 25th. Zacks Investment Research lowered shares of Owens-Illinois from a “buy” rating to a “hold” rating in a research report on Thursday, April 26th. Deutsche Bank raised shares of Owens-Illinois from a “hold” rating to a “buy” rating and lifted their price target for the company from $19.45 to $25.90 in a research report on Thursday, April 26th. Finally, Robert W. Baird reduced their price target on shares of Owens-Illinois from $27.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 25th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $25.54.

Shares of Owens-Illinois opened at $16.86 on Friday, according to MarketBeat Ratings. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 1.11 and a beta of 1.38. The company has a debt-to-equity ratio of 5.04, a quick ratio of 0.82 and a current ratio of 1.33. Owens-Illinois Inc has a 52-week low of $16.75 and a 52-week high of $25.90.

Owens-Illinois (NYSE:OI) last announced its earnings results on Monday, April 23rd. The industrial products company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.01. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 earnings per share. analysts predict that Owens-Illinois Inc will post 2.78 earnings per share for the current fiscal year.

Owens-Illinois 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.

Want to see what other hedge funds are holding OI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens-Illinois Inc (NYSE:OI).

Institutional Ownership by Quarter for Owens-Illinois (NYSE:OI)

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.

Leave a Reply