O-I Glass (NYSE:OI) Reaches New 12-Month Low – Here’s Why

O-I Glass, Inc. (NYSE:OI) shares hit a new 52-week low during trading on Monday . The company traded as low as $7.75 and last traded at $7.8540, with a volume of 157884 shares traded. The stock had previously closed at $7.91.

Analyst Ratings Changes

OI has been the topic of a number of analyst reports. Royal Bank Of Canada set a $14.00 price target on O-I Glass in a research report on Friday, April 17th. Truist Financial reissued a “buy” rating and issued a $14.00 price target (down from $15.00) on shares of O-I Glass in a research report on Thursday, April 30th. Wall Street Zen cut O-I Glass from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Citigroup dropped their price target on O-I Glass from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Finally, Zacks Research cut O-I Glass from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.50.

O-I Glass Stock Performance

The firm has a market capitalization of $1.28 billion, a PE ratio of -6.82, a price-to-earnings-growth ratio of 0.91 and a beta of 0.63. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The business’s 50 day simple moving average is $9.52 and its two-hundred day simple moving average is $12.45.

O-I Glass (NYSE:OI) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.47 billion. O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. O-I Glass’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Research analysts expect that O-I Glass, Inc. will post 1.2 earnings per share for the current fiscal year.

Insider Buying and Selling at O-I Glass

In other news, SVP Randolph L. Burns purchased 11,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $9.32 per share, for a total transaction of $102,520.00. Following the purchase, the senior vice president directly owned 133,932 shares in the company, valued at $1,248,246.24. This trade represents a 8.95% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Eduardo Restrepo purchased 3,309 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average price of $8.98 per share, with a total value of $29,714.82. Following the completion of the purchase, the senior vice president owned 94,199 shares in the company, valued at approximately $845,907.02. This trade represents a 3.64% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 17,083 shares of company stock worth $157,312 in the last three months. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On O-I Glass

Several hedge funds and other institutional investors have recently modified their holdings of OI. Royal Bank of Canada increased its stake in shares of O-I Glass by 33.9% in the 1st quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company’s stock worth $1,294,000 after purchasing an additional 28,548 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of O-I Glass by 154.0% in the 1st quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company’s stock worth $1,993,000 after purchasing an additional 107,388 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of O-I Glass by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company’s stock worth $1,057,000 after purchasing an additional 4,055 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of O-I Glass in the 1st quarter worth $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of O-I Glass by 43.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company’s stock worth $6,036,000 after purchasing an additional 160,649 shares in the last quarter. 97.24% of the stock is currently owned by hedge funds and other institutional investors.

O-I Glass Company Profile

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.