Dimensional Fund Advisors LP boosted its holdings in O-I Glass, Inc. (NYSE:OI – Get Rating) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,854,673 shares of the industrial products company’s stock after purchasing an additional 465,410 shares during the period. Dimensional Fund Advisors LP owned about 2.48% of O-I Glass worth $63,873,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. New York State Common Retirement Fund lifted its holdings in O-I Glass by 0.3% in the 3rd quarter. New York State Common Retirement Fund now owns 613,152 shares of the industrial products company’s stock worth $7,940,000 after buying an additional 1,950 shares during the period. Martingale Asset Management L P purchased a new stake in O-I Glass in the 3rd quarter worth approximately $416,000. Point72 Asset Management L.P. lifted its holdings in O-I Glass by 7,574.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,074,462 shares of the industrial products company’s stock worth $13,914,000 after buying an additional 1,060,462 shares during the period. AlphaCrest Capital Management LLC purchased a new stake in O-I Glass in the 3rd quarter worth approximately $736,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of O-I Glass by 2.6% in the 4th quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 623,573 shares of the industrial products company’s stock worth $10,333,000 after acquiring an additional 15,600 shares in the last quarter. Hedge funds and other institutional investors own 93.60% of the company’s stock.
Wall Street Analyst Weigh In
OI has been the subject of several research reports. Barclays increased their target price on O-I Glass from $18.00 to $19.00 in a research report on Monday, May 1st. Citigroup increased their target price on O-I Glass from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Friday, February 3rd. Truist Financial increased their target price on O-I Glass from $27.00 to $31.00 in a research report on Thursday, April 27th. KeyCorp increased their target price on O-I Glass from $12.00 to $15.00 and gave the stock an “underweight” rating in a research report on Thursday, February 2nd. Finally, StockNews.com lowered O-I Glass from a “buy” rating to a “hold” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, O-I Glass presently has an average rating of “Hold” and a consensus price target of $24.70.
O-I Glass Stock Up 0.7 %
O-I Glass (NYSE:OI – Get Rating) last posted its earnings results on Tuesday, April 25th. The industrial products company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.46. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. O-I Glass had a return on equity of 31.48% and a net margin of 10.04%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. Equities analysts predict that O-I Glass, Inc. will post 3.17 EPS for the current fiscal year.
O-I Glass Company Profile
O-I Glass, Inc engages in manufacturing of glass products. It offers products to the food and beverage sectors. The firm operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded in 1929 and is headquartered in Perrysburg, OH.
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