O-I Glass, Inc. (NYSE:OI) Shares Purchased by Diversified Trust Co

Diversified Trust Co increased its stake in shares of O-I Glass, Inc. (NYSE:OI) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,551 shares of the industrial products company’s stock after buying an additional 4,955 shares during the period. Diversified Trust Co’s holdings in O-I Glass were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of O-I Glass by 18.0% in the third quarter. JPMorgan Chase & Co. now owns 619,643 shares of the industrial products company’s stock valued at $8,130,000 after buying an additional 94,671 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in O-I Glass during the 3rd quarter valued at about $263,000. Geode Capital Management LLC raised its position in O-I Glass by 1.1% during the third quarter. Geode Capital Management LLC now owns 3,568,443 shares of the industrial products company’s stock worth $46,827,000 after acquiring an additional 37,238 shares during the last quarter. Barclays PLC lifted its holdings in shares of O-I Glass by 349.3% in the third quarter. Barclays PLC now owns 261,161 shares of the industrial products company’s stock valued at $3,427,000 after purchasing an additional 203,037 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of O-I Glass in the third quarter valued at approximately $148,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OI has been the subject of several research reports. StockNews.com upgraded O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Wells Fargo & Company decreased their price objective on O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada dropped their price objective on O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Citigroup reduced their target price on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Barclays lowered their price target on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, O-I Glass has an average rating of “Moderate Buy” and a consensus price target of $15.38.

O-I Glass Price Performance

O-I Glass stock opened at $10.17 on Friday. O-I Glass, Inc. has a 1 year low of $9.85 and a 1 year high of $17.58. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.77 and a current ratio of 1.23. The firm has a 50 day moving average price of $11.67 and a 200 day moving average price of $11.95. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -3.68 and a beta of 1.21.

O-I Glass (NYSE:OI) last announced its quarterly earnings data on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.08). O-I Glass had a negative net margin of 6.34% and a positive return on equity of 9.16%. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. Sell-side analysts predict that O-I Glass, Inc. will post 0.76 earnings per share for the current year.

O-I Glass Profile

O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.