Boston Partners Invests $22.20 Million in Owens-Illinois, Inc. (OI)
Boston Partners acquired a new stake in Owens-Illinois, Inc. (NYSE:OI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 882,392 shares of the industrial products company’s stock, valued at approximately $22,201,000. Boston Partners owned 0.54% of Owens-Illinois at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of OI. FMR LLC raised its position in shares of Owens-Illinois by 918.1% in the first quarter. FMR LLC now owns 1,053,180 shares of the industrial products company’s stock valued at $21,464,000 after purchasing an additional 949,734 shares during the period. Morgan Stanley raised its position in shares of Owens-Illinois by 9.8% in the first quarter. Morgan Stanley now owns 710,399 shares of the industrial products company’s stock valued at $14,478,000 after purchasing an additional 63,586 shares during the period. Capstone Asset Management Co. raised its position in shares of Owens-Illinois by 2.8% in the second quarter. Capstone Asset Management Co. now owns 18,614 shares of the industrial products company’s stock valued at $445,000 after purchasing an additional 510 shares during the period. Atria Investments LLC raised its position in shares of Owens-Illinois by 1.3% in the second quarter. Atria Investments LLC now owns 11,342 shares of the industrial products company’s stock valued at $271,000 after purchasing an additional 142 shares during the period. Finally, Eqis Capital Management Inc. raised its position in shares of Owens-Illinois by 11.6% in the second quarter. Eqis Capital Management Inc. now owns 36,465 shares of the industrial products company’s stock valued at $872,000 after purchasing an additional 3,794 shares during the period. 95.95% of the stock is currently owned by institutional investors.
Shares of Owens-Illinois, Inc. (NYSE:OI) opened at $23.37 on Tuesday. The stock has a market cap of $3,799.32, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.21 and a beta of 1.53. The company has a debt-to-equity ratio of 5.73, a quick ratio of 0.74 and a current ratio of 1.23. Owens-Illinois, Inc. has a one year low of $17.31 and a one year high of $25.90.
Owens-Illinois (NYSE:OI) last announced its quarterly earnings data on Monday, October 23rd. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.77 billion. Owens-Illinois had a net margin of 3.59% and a return on equity of 63.33%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. equities analysts predict that Owens-Illinois, Inc. will post 2.64 EPS for the current fiscal year.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Owens-Illinois from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Robert W. Baird restated a “hold” rating and issued a $25.00 price target on shares of Owens-Illinois in a research note on Friday, September 1st. TheStreet downgraded shares of Owens-Illinois from a “b” rating to a “c+” rating in a research note on Wednesday, October 25th. Royal Bank Of Canada restated a “hold” rating and issued a $25.00 price target on shares of Owens-Illinois in a research note on Wednesday, September 6th. Finally, UBS AG assumed coverage on shares of Owens-Illinois in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $26.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.45.
In other news, insider Timothy M. Connors sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $23.86, for a total value of $83,510.00. Following the sale, the insider now directly owns 19,624 shares in the company, valued at approximately $468,228.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Sergio B.O. Galindo sold 5,477 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $24.93, for a total transaction of $136,541.61. Following the completion of the sale, the insider now owns 34,890 shares in the company, valued at $869,807.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,337 shares of company stock worth $252,651. 1.50% of the stock is currently owned by corporate insiders.
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Owens-Illinois Company 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.
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