IBM Retirement Fund decreased its stake in shares of Owens-Illinois Inc. (NYSE:OI) by 6.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,230 shares of the company’s stock after selling 1,054 shares during the period. IBM Retirement Fund’s holdings in Owens-Illinois were worth $280,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Strs Ohio bought a new position in Owens-Illinois during the second quarter valued at $24,763,000. Artemis Investment Management LLP boosted its position in shares of Owens-Illinois by 158.9% in the second quarter. Artemis Investment Management LLP now owns 213,108 shares of the company’s stock worth $3,840,000 after buying an additional 130,787 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of Owens-Illinois during the second quarter worth approximately $321,000. Trillium Asset Management LLC boosted its position in shares of Owens-Illinois by 52.1% in the second quarter. Trillium Asset Management LLC now owns 818,923 shares of the company’s stock worth $14,749,000 after buying an additional 280,353 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its position in shares of Owens-Illinois by 1,433,872.6% in the second quarter. ClariVest Asset Management LLC now owns 1,046,800 shares of the company’s stock worth $18,853,000 after buying an additional 1,046,727 shares during the last quarter. 95.17% of the stock is owned by institutional investors.
Shares of Owens-Illinois Inc. (NYSE:OI) traded up 0.52% during midday trading on Friday, reaching $19.28. 909,601 shares of the company were exchanged. The firm has a 50-day moving average of $18.22 and a 200 day moving average of $18.17. The firm has a market capitalization of $3.13 billion, a P/E ratio of 11.02 and a beta of 1.59. Owens-Illinois Inc. has a 52 week low of $11.58 and a 52 week high of $20.33.
Owens-Illinois (NYSE:OI) last announced its earnings results on Tuesday, October 25th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. Owens-Illinois had a net margin of 1.17% and a return on equity of 86.33%. The firm earned $1.71 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the previous year, the company posted $0.57 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Owens-Illinois Inc. will post $2.30 EPS for the current year.
A number of equities analysts have commented on OI shares. RBC Capital Markets reissued a “hold” rating and issued a $19.00 price objective on shares of Owens-Illinois in a research note on Wednesday, January 4th. Zacks Investment Research cut shares of Owens-Illinois from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Royal Bank Of Canada started coverage on shares of Owens-Illinois in a research note on Friday, September 30th. They issued a “sector perform” rating and a $18.00 price objective for the company. Jefferies Group reissued a “hold” rating and issued a $19.00 price objective on shares of Owens-Illinois in a research note on Thursday, October 20th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $20.00 price objective (up from $18.73) on shares of Owens-Illinois in a research note on Tuesday, November 22nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.29.
Owens-Illinois Company Profile
Owens-Illinois, Inc is engaged in the manufacturing of glass containers. The Company’s principal product lines are glass containers for the food and beverage industries. Its segments include Europe, North America, Latin America and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.
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