Natixis Advisors LLC Makes New $218,000 Investment in O-I Glass, Inc. (NYSE:OI)

Natixis Advisors LLC bought a new position in shares of O-I Glass, Inc. (NYSE:OI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 16,637 shares of the industrial products company’s stock, valued at approximately $218,000.

Several other large investors also recently bought and sold shares of OI. Price T Rowe Associates Inc. MD lifted its stake in O-I Glass by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 116,440 shares of the industrial products company’s stock valued at $1,932,000 after acquiring an additional 5,504 shares during the period. Comerica Bank lifted its stake in O-I Glass by 13.6% during the 1st quarter. Comerica Bank now owns 92,953 shares of the industrial products company’s stock valued at $1,542,000 after acquiring an additional 11,120 shares during the period. Boston Partners acquired a new stake in O-I Glass during the 1st quarter valued at approximately $713,000. Thompson Investment Management Inc. lifted its stake in O-I Glass by 56.1% during the 2nd quarter. Thompson Investment Management Inc. now owns 614,846 shares of the industrial products company’s stock valued at $6,843,000 after acquiring an additional 220,963 shares during the period. Finally, SG Americas Securities LLC lifted its stake in O-I Glass by 112.8% during the 2nd quarter. SG Americas Securities LLC now owns 41,623 shares of the industrial products company’s stock valued at $463,000 after acquiring an additional 22,061 shares during the period. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OI. Royal Bank of Canada decreased their price objective on shares of O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. StockNews.com upgraded shares of O-I Glass from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Barclays decreased their target price on shares of O-I Glass from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, October 31st. Bank of America upgraded shares of O-I Glass from a “neutral” rating to a “buy” rating and boosted their target price for the company from $14.00 to $16.00 in a research note on Thursday, October 17th. Finally, Citigroup boosted their target price on shares of O-I Glass from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.25.

O-I Glass Stock Performance

NYSE:OI opened at $12.60 on Friday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.77 and a current ratio of 1.23. The company has a fifty day moving average of $12.69 and a two-hundred day moving average of $12.22. The stock has a market capitalization of $1.95 billion, a PE ratio of -4.57 and a beta of 1.20. O-I Glass, Inc. has a fifty-two week low of $10.08 and a fifty-two week high of $17.58.

O-I Glass (NYSE:OI) last posted its quarterly earnings data on Tuesday, October 29th. The industrial products company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.08). The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.76 billion. O-I Glass had a positive return on equity of 9.16% and a negative net margin of 6.34%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.80 earnings per share. As a group, research analysts forecast that O-I Glass, Inc. will post 0.76 earnings per share for the current fiscal year.

O-I Glass Profile

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.