O-I Glass (NYSE:OI) SVP Darrow Abrahams Purchases 2,774 Shares of Stock

O-I Glass, Inc. (NYSE:OI) SVP Darrow Abrahams acquired 2,774 shares of the business’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $9.04 per share, for a total transaction of $25,076.96. Following the transaction, the senior vice president owned 235,928 shares of the company’s stock, valued at approximately $2,132,789.12. The trade was a 1.19% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

O-I Glass Stock Performance

Shares of OI opened at $8.80 on Wednesday. The firm has a market cap of $1.35 billion, a PE ratio of -7.21, a PEG ratio of 1.04 and a beta of 0.65. The stock’s fifty day moving average price is $10.53 and its two-hundred day moving average price is $13.01. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.26 and a quick ratio of 0.73. O-I Glass, Inc. has a 1 year low of $8.00 and a 1 year high of $16.91.

O-I Glass (NYSE:OI) last issued its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.47 billion. O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, equities research analysts forecast that O-I Glass, Inc. will post 1.2 EPS for the current year.

Hedge Funds Weigh In On O-I Glass

Institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its stake in O-I Glass by 87.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 830 shares during the last quarter. Headlands Technologies LLC bought a new position in O-I Glass in the 2nd quarter worth about $29,000. Quarry LP bought a new position in O-I Glass in the 4th quarter worth about $32,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of O-I Glass by 36,533.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 2,192 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of O-I Glass by 64.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 918 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on OI shares. Wall Street Zen lowered O-I Glass from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of O-I Glass in a research note on Tuesday, April 21st. UBS Group decreased their price objective on O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Citigroup decreased their price objective on O-I Glass from $12.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Finally, Truist Financial reiterated a “buy” rating and set a $14.00 price objective (down from $15.00) on shares of O-I Glass in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, O-I Glass presently has a consensus rating of “Hold” and a consensus target price of $15.50.

About O-I Glass

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.