Boston Partners trimmed its position in Owens-Illinois Inc (NYSE:OI) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,653,829 shares of the industrial products company’s stock after selling 49,284 shares during the quarter. Boston Partners owned 1.06% of Owens-Illinois worth $28,515,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. First Quadrant L P CA acquired a new position in Owens-Illinois during the 2nd quarter valued at approximately $25,000. Marshall Wace North America L.P. acquired a new position in Owens-Illinois during the 1st quarter valued at approximately $25,000. Private Capital Group LLC raised its stake in Owens-Illinois by 75.5% during the 2nd quarter. Private Capital Group LLC now owns 2,662 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 1,145 shares in the last quarter. Zions Bancorporation N.A. bought a new stake in Owens-Illinois during the 1st quarter valued at $46,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in Owens-Illinois during the 2nd quarter valued at $56,000. Institutional investors own 91.62% of the company’s stock.
Several analysts have weighed in on OI shares. BMO Capital Markets set a $17.00 target price on Owens-Illinois and gave the company a “hold” rating in a research note on Thursday, September 12th. Goldman Sachs Group raised Owens-Illinois from a “sell” rating to a “neutral” rating and cut their target price for the company from $17.00 to $13.00 in a research note on Monday, August 5th. Citigroup dropped their price objective on Owens-Illinois from $14.00 to $11.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 25th. KeyCorp dropped their price objective on Owens-Illinois from $16.00 to $11.00 and set an “underweight” rating on the stock in a research note on Friday, August 2nd. Finally, ValuEngine raised Owens-Illinois from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $17.00.
Shares of OI stock traded up $0.39 on Friday, reaching $9.60. 1,738,731 shares of the company’s stock traded hands, compared to its average volume of 2,277,969. The business’s 50 day moving average price is $9.98 and its two-hundred day moving average price is $15.15. The company has a debt-to-equity ratio of 5.72, a quick ratio of 1.00 and a current ratio of 1.53. Owens-Illinois Inc has a 12-month low of $8.91 and a 12-month high of $20.78. The company has a market capitalization of $1.43 billion, a P/E ratio of 3.53, a price-to-earnings-growth ratio of 1.18 and a beta of 1.52.
Owens-Illinois (NYSE:OI) last issued its earnings results on Wednesday, July 31st. The industrial products company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.07). Owens-Illinois had a net margin of 3.76% and a return on equity of 39.73%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter last year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Research analysts predict that Owens-Illinois Inc will post 2.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.05 dividend. The ex-dividend date was Thursday, August 29th. This represents a $0.20 dividend on an annualized basis and a yield of 2.08%. Owens-Illinois’s payout ratio is 7.35%.
In other news, Director Carol A. Williams acquired 10,000 shares of the firm’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $12.21 per share, for a total transaction of $122,100.00. Following the transaction, the director now owns 60,761 shares of the company’s stock, valued at $741,891.81. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by company insiders.
Owens-Illinois Company Profile
Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Americas, Europe, and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals.
Receive News & Ratings for Owens-Illinois Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens-Illinois and related companies with MarketBeat.com's FREE daily email newsletter.