Owens-Illinois Inc (NYSE:OI) Shares Bought by Golub Group LLC
Golub Group LLC grew its stake in shares of Owens-Illinois Inc (NYSE:OI) by 20.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,650,935 shares of the industrial products company’s stock after acquiring an additional 281,782 shares during the period. Owens-Illinois comprises approximately 3.3% of Golub Group LLC’s investment portfolio, making the stock its 14th biggest holding. Golub Group LLC owned approximately 1.01% of Owens-Illinois worth $36,601,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. raised its stake in Owens-Illinois by 8.2% in the third quarter. Pacer Advisors Inc. now owns 33,158 shares of the industrial products company’s stock worth $835,000 after buying an additional 2,500 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in Owens-Illinois by 1.4% in the third quarter. First Republic Investment Management Inc. now owns 176,955 shares of the industrial products company’s stock worth $4,452,000 after purchasing an additional 2,501 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Owens-Illinois by 43.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,889 shares of the industrial products company’s stock worth $197,000 after purchasing an additional 2,702 shares during the last quarter. Sei Investments Co. grew its holdings in Owens-Illinois by 61.2% in the third quarter. Sei Investments Co. now owns 7,376 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 2,799 shares during the last quarter. Finally, IFP Advisors Inc grew its holdings in Owens-Illinois by 17.2% in the fourth quarter. IFP Advisors Inc now owns 19,143 shares of the industrial products company’s stock worth $424,000 after purchasing an additional 2,812 shares during the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Owens-Illinois Inc (NYSE:OI) opened at $22.55 on Friday. Owens-Illinois Inc has a one year low of $19.59 and a one year high of $25.90. The company has a debt-to-equity ratio of 5.52, a quick ratio of 0.61 and a current ratio of 1.06. The stock has a market cap of $3,728.64, a PE ratio of 8.63, a P/E/G ratio of 1.43 and a beta of 1.46.
Owens-Illinois announced that its board has authorized a stock repurchase plan on Tuesday, February 6th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
OI has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Owens-Illinois from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Royal Bank of Canada reissued a “hold” rating and set a $26.00 price objective on shares of Owens-Illinois in a report on Thursday, December 14th. Vertical Research upgraded shares of Owens-Illinois to a “buy” rating and set a $27.00 target price for the company in a research report on Wednesday, February 7th. Wells Fargo & Co decreased their target price on shares of Owens-Illinois from $24.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, February 9th. Finally, ValuEngine upgraded shares of Owens-Illinois from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. Owens-Illinois currently has a consensus rating of “Hold” and an average target price of $26.00.
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Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.
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