2 weeks Ago By Defense World Staff
Bank of Montreal Can lifted its holdings in shares of O-I Glass, Inc. ( NYSE:OI – Free Report ) by 17.9% in the fourth quarter, according to its most recent filing with the SEC.
The firm owned 27,781 shares of the industrial products company’s stock after acquiring an additional 4,221 shares during the period. Bank of Montreal Can’s holdings in O-I Glass were worth $301,000 as of its most recent filing with the SEC. Other hedge funds have also modified their holdings of the company.
Barclays PLC lifted its position in O-I Glass by 349.3% during the 3rd quarter. Barclays PLC now owns 261,161 shares of the industrial products company’s stock worth $3,427,000 after buying an additional 203,037 shares in the last quarter.
Sanctuary Advisors LLC acquired a new position in shares of O-I Glass during the 3rd quarter worth about $263,000. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 94,671 shares in the last quarter.
Diversified Trust Co lifted its holdings in O-I Glass by 10.0% during the fourth quarter. Diversified Trust Co now owns 54,551 shares of the industrial products company’s stock worth $591,000 after acquiring an additional 4,955 shares in the last quarter.
Finally, Moody National Bank Trust Division raised its holdings in O-I Glass by 35.6% during the 4th quarter. Moody National Bank Trust Division now owns 103,343 shares of the industrial products company’s stock worth $1,120,000 after buying an additional 27,159 shares during the period.
97.24% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes Several research firms have commented on OI.
Wells Fargo & Company cut their target price 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.
Bank of America raised their price target on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, January 6th.
Truist Financial decreased their price objective on shares of O-I Glass from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday.
Royal Bank of Canada reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of O-I Glass in a research report on Monday, March 17th. Finally, Citigroup cut their price target on O-I Glass from $12.
00 to $11.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.00.
O-I Glass Trading Down 0.7 % OI opened at $11.25 on Thursday.
The company has a market cap of $1.74 billion, a P/E ratio of -15.85, a PEG ratio of 0.
24 and a beta of 0.98. The company has a current ratio of 1.
15, a quick ratio of 0.70 and a debt-to-equity ratio of 3.78.
The company’s 50 day moving average is $11.30 and its 200-day moving average is $11.58.
O-I Glass, Inc. has a 1-year low of $9.23 and a 1-year high of $15.
72. O-I Glass ( NYSE:OI – Get Free Report ) last issued its earnings results on Tuesday, February 4th. The industrial products company reported ($0.
05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02.
O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%.
Equities research analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.
O-I Glass Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than O-I Glass Technology Stocks Explained: Here’s What to Know About Tech Can IBM’s Q1 Earnings Spark a Breakout for the Stock? What Does a Gap Up Mean in Stocks? How to Play the Gap S&P 500 and Nasdaq-100 Flashed Death Crosses—Should You Worry? Top Stocks Investing in 5G Technology Fundamentally Sound, These 5 Stocks Sold Off Anyway Receive News & Ratings for O-I Glass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O-I Glass and related companies with MarketBeat.
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