21,229 Shares in Owens-Illinois (OI) Purchased by Jane Street Group LLC

Jane Street Group LLC acquired a new stake in Owens-Illinois (NYSE:OI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 21,229 shares of the industrial products company’s stock, valued at approximately $471,000.

A number of other institutional investors and hedge funds have also made changes to their positions in OI. Advisors Preferred LLC boosted its stake in shares of Owens-Illinois by 366.7% during the 4th quarter. Advisors Preferred LLC now owns 5,498 shares of the industrial products company’s stock worth $122,000 after acquiring an additional 4,320 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Owens-Illinois by 61.2% during the 3rd quarter. Sei Investments Co. now owns 7,376 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 2,799 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Owens-Illinois during the 4th quarter worth approximately $188,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Owens-Illinois by 43.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,889 shares of the industrial products company’s stock worth $197,000 after acquiring an additional 2,702 shares in the last quarter. Finally, Neuberger Berman Group LLC purchased a new stake in shares of Owens-Illinois during the 3rd quarter worth approximately $211,000. 95.23% of the stock is currently owned by institutional investors.

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OI stock opened at $21.00 on Monday. Owens-Illinois has a 1 year low of $19.86 and a 1 year high of $25.90. The company has a debt-to-equity ratio of 5.52, a quick ratio of 0.61 and a current ratio of 1.06. The company has a market capitalization of $3,425.27, a P/E ratio of 7.92, a P/E/G ratio of 1.32 and a beta of 1.41.

Owens-Illinois (NYSE:OI) last posted its earnings results on Tuesday, February 6th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. Owens-Illinois had a return on equity of 53.60% and a net margin of 2.65%. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the company earned $0.50 EPS. Owens-Illinois’s revenue was up 6.3% on a year-over-year basis. analysts expect that Owens-Illinois will post 2.81 earnings per share for the current year.

Owens-Illinois declared that its Board of Directors has authorized a stock buyback plan on Tuesday, February 6th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Owens-Illinois from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. Wells Fargo decreased their price target on Owens-Illinois from $24.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday, February 9th. ValuEngine raised Owens-Illinois from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Vertical Research raised Owens-Illinois to a “buy” rating and set a $27.00 price target on the stock in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $26.00 target price on shares of Owens-Illinois in a research note on Thursday, December 14th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. Owens-Illinois currently has an average rating of “Hold” and an average target price of $26.00.

In other Owens-Illinois news, SVP Moyano Giancarlo Currarino sold 11,910 shares of the business’s stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $22.57, for a total value of $268,808.70. Following the completion of the transaction, the senior vice president now directly owns 28,070 shares in the company, valued at approximately $633,539.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.

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Owens-Illinois Profile

Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.

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Institutional Ownership by Quarter for Owens-Illinois (NYSE:OI)

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