Owens-Illinois Inc (OI) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in Owens-Illinois Inc (NYSE:OI) by 2.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,635 shares of the industrial products company’s stock after selling 3,948 shares during the quarter. Public Employees Retirement System of Ohio owned 0.09% of Owens-Illinois worth $2,431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in OI. BlackRock Inc. grew its stake in shares of Owens-Illinois by 2.1% in the second quarter. BlackRock Inc. now owns 16,150,316 shares of the industrial products company’s stock worth $271,487,000 after acquiring an additional 333,917 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Owens-Illinois by 16.4% in the second quarter. Wedge Capital Management L L P NC now owns 5,370,451 shares of the industrial products company’s stock worth $90,277,000 after acquiring an additional 756,954 shares in the last quarter. LSV Asset Management grew its stake in shares of Owens-Illinois by 1.8% in the second quarter. LSV Asset Management now owns 4,997,745 shares of the industrial products company’s stock worth $84,012,000 after acquiring an additional 86,165 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Owens-Illinois by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,958,769 shares of the industrial products company’s stock worth $49,736,000 after acquiring an additional 441,377 shares in the last quarter. Finally, Private Management Group Inc. grew its stake in shares of Owens-Illinois by 9.4% in the second quarter. Private Management Group Inc. now owns 2,326,655 shares of the industrial products company’s stock worth $39,111,000 after acquiring an additional 199,942 shares in the last quarter. 93.05% of the stock is currently owned by institutional investors.

Shares of OI stock opened at $19.26 on Tuesday. The company has a debt-to-equity ratio of 5.98, a current ratio of 1.21 and a quick ratio of 0.76. The firm has a market cap of $2.99 billion, a P/E ratio of 7.27, a PEG ratio of 1.04 and a beta of 1.40. Owens-Illinois Inc has a 12 month low of $16.22 and a 12 month high of $25.90.

Owens-Illinois (NYSE:OI) last issued its earnings results on Monday, July 23rd. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.03. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.81 billion. Owens-Illinois had a net margin of 2.01% and a return on equity of 45.52%. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, sell-side analysts anticipate that Owens-Illinois Inc will post 2.74 earnings per share for the current year.

OI has been the subject of several research reports. Robert W. Baird dropped their price target on shares of Owens-Illinois from $25.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, July 25th. Zacks Investment Research downgraded shares of Owens-Illinois from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Bank of America set a $22.00 price target on shares of Owens-Illinois and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Citigroup dropped their price target on shares of Owens-Illinois from $29.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, July 10th. Finally, Barclays dropped their price target on shares of Owens-Illinois from $25.00 to $20.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $23.99.

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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