Westover Capital Advisors LLC purchased a new position in shares of Owens-Illinois, Inc. (NYSE:OI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 26,252 shares of the industrial products company’s stock, valued at approximately $628,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Owens-Illinois by 7.5% during the first quarter. Vanguard Group Inc. now owns 16,401,514 shares of the industrial products company’s stock worth $334,263,000 after acquiring an additional 1,139,389 shares during the period. BlackRock Inc. increased its stake in shares of Owens-Illinois by 3.5% during the second quarter. BlackRock Inc. now owns 15,167,509 shares of the industrial products company’s stock worth $362,806,000 after acquiring an additional 512,032 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Owens-Illinois by 1.6% during the second quarter. Great West Life Assurance Co. Can now owns 7,939,045 shares of the industrial products company’s stock worth $189,411,000 after acquiring an additional 125,665 shares during the period. State Street Corp increased its stake in shares of Owens-Illinois by 4.9% during the first quarter. State Street Corp now owns 7,353,692 shares of the industrial products company’s stock worth $149,869,000 after acquiring an additional 343,321 shares during the period. Finally, Thrivent Financial For Lutherans increased its stake in shares of Owens-Illinois by 30.7% during the second quarter. Thrivent Financial For Lutherans now owns 2,929,740 shares of the industrial products company’s stock worth $70,080,000 after acquiring an additional 688,720 shares during the period. Institutional investors and hedge funds own 95.06% of the company’s stock.

Owens-Illinois, Inc. (NYSE:OI) traded down 0.31% during mid-day trading on Friday, hitting $25.40. 274,530 shares of the stock traded hands. The firm has a market cap of $4.14 billion, a PE ratio of 18.41 and a beta of 1.49. The stock has a 50 day moving average price of $24.41 and a 200 day moving average price of $22.97. Owens-Illinois, Inc. has a 12-month low of $16.80 and a 12-month high of $25.59.

Owens-Illinois (NYSE:OI) last announced its quarterly earnings data on Monday, July 31st. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. On average, analysts expect that Owens-Illinois, Inc. will post $2.63 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “26,252 Shares in Owens-Illinois, Inc. (OI) Purchased by Westover Capital Advisors LLC” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.watchlistnews.com/26252-shares-in-owens-illinois-inc-oi-purchased-by-westover-capital-advisors-llc/1613099.html.

In other news, SVP Moyano Giancarlo Currarino sold 1,360 shares of Owens-Illinois stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $23.97, for a total value of $32,599.20. Following the transaction, the senior vice president now owns 23,954 shares of the company’s stock, valued at approximately $574,177.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sergio B.O. Galindo sold 5,477 shares of Owens-Illinois stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $24.93, for a total transaction of $136,541.61. Following the completion of the transaction, the insider now directly owns 34,890 shares in the company, valued at approximately $869,807.70. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

OI has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $22.00 price target on shares of Owens-Illinois in a research note on Thursday, July 6th. BidaskClub upgraded shares of Owens-Illinois from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Robert W. Baird restated a “hold” rating and set a $25.00 target price on shares of Owens-Illinois in a research report on Friday, September 1st. UBS AG initiated coverage on shares of Owens-Illinois in a research report on Tuesday, September 5th. They set a “neutral” rating and a $26.00 target price on the stock. Finally, BMO Capital Markets restated a “hold” rating and set a $25.00 target price on shares of Owens-Illinois in a research report on Sunday, August 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Owens-Illinois has an average rating of “Hold” and an average price target of $25.60.

Owens-Illinois Profile

Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company 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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens-Illinois Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.