Eduardo Restrepo Acquires 3,309 Shares of O-I Glass (NYSE:OI) Stock

O-I Glass, Inc. (NYSE:OI) SVP Eduardo Restrepo acquired 3,309 shares of O-I Glass stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of $8.98 per share, with a total value of $29,714.82. Following the completion of the purchase, the senior vice president owned 94,199 shares of the company’s stock, valued at approximately $845,907.02. This represents a 3.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

O-I Glass Stock Performance

Shares of NYSE OI opened at $8.33 on Friday. The stock has a market cap of $1.28 billion, a PE ratio of -6.82, a price-to-earnings-growth ratio of 0.95 and a beta of 0.65. The firm has a fifty day moving average price of $10.29 and a 200-day moving average price of $12.93. O-I Glass, Inc. has a 1 year low of $8.00 and a 1 year high of $16.91. 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 (NYSE:OI) last posted its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations 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 revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Equities analysts anticipate that O-I Glass, Inc. will post 1.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On O-I Glass

A number of institutional investors and hedge funds have recently made changes to their positions in OI. Royal Bank of Canada grew its stake in shares of O-I Glass by 33.9% in the 1st quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company’s stock worth $1,294,000 after buying an additional 28,548 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of O-I Glass by 154.0% in the 1st quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company’s stock worth $1,993,000 after buying an additional 107,388 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of O-I Glass by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company’s stock worth $1,057,000 after buying an additional 4,055 shares in the last quarter. United Services Automobile Association purchased a new position in shares of O-I Glass in the 1st quarter worth $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of O-I Glass by 43.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company’s stock worth $6,036,000 after buying an additional 160,649 shares in the last quarter. 97.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of O-I Glass in a research note on Tuesday, April 21st. Wall Street Zen cut shares of O-I Glass from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. UBS Group cut their target price on shares of O-I Glass from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Zacks Research cut shares of O-I Glass from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Finally, Wells Fargo & Company cut shares of O-I Glass from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $18.00 to $13.00 in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.50.

O-I Glass News Summary

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Traders bought 2,354 call options on O-I Glass, a large jump versus normal activity, suggesting some investors are betting on a rebound.
• Neutral Sentiment: Zacks Research slightly raised its Q4 2026 EPS estimate to $0.35 from $0.34, indicating a modest improvement in that quarter.
• Negative Sentiment: Zacks Research cut its Q2 2026 EPS estimate to $0.29 from $0.51, a sizable reduction that signals weaker near-term profitability.
• Negative Sentiment: The firm also lowered FY2026 EPS to $1.21 from $1.67 and FY2027 EPS to $1.78 from $2.09, pointing to a more cautious longer-term outlook.
• Negative Sentiment: Additional forecast cuts were made for several quarters from late 2026 through 2028, reinforcing concerns about earnings momentum.
• Negative Sentiment: The repeated downgrade pressure and “Strong Sell” stance are likely contributing to the stock’s weakness today. O-I Glass (OI) price target decreased by 20.27% to 13.37

O-I Glass Company Profile

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.