Aperio Group LLC Has $1.51 Million Stake in Owens-Illinois, Inc. (OI)

Aperio Group LLC reduced its position in Owens-Illinois, Inc. (NYSE:OI) by 4.7% during the second quarter, Holdings Channel reports. The fund owned 63,267 shares of the industrial products company’s stock after selling 3,119 shares during the period. Aperio Group LLC’s holdings in Owens-Illinois were worth $1,513,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of OI. Vanguard Group Inc. boosted its position in shares of Owens-Illinois by 7.5% in the first quarter. Vanguard Group Inc. now owns 16,401,514 shares of the industrial products company’s stock worth $334,263,000 after buying an additional 1,139,389 shares during the last quarter. BlackRock Inc. boosted its position in shares of Owens-Illinois by 16,329.5% in the first quarter. BlackRock Inc. now owns 14,655,477 shares of the industrial products company’s stock worth $298,679,000 after buying an additional 14,566,275 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Owens-Illinois by 0.3% in the first quarter. Great West Life Assurance Co. Can now owns 7,813,380 shares of the industrial products company’s stock worth $158,919,000 after buying an additional 26,764 shares during the last quarter. State Street Corp boosted its position in shares of Owens-Illinois by 4.9% in the first quarter. State Street Corp now owns 7,353,692 shares of the industrial products company’s stock worth $149,869,000 after buying an additional 343,321 shares during the last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Owens-Illinois by 33.6% in the first quarter. Prudential Financial Inc. now owns 3,776,681 shares of the industrial products company’s stock worth $76,969,000 after buying an additional 949,286 shares during the last quarter. Institutional investors own 95.29% of the company’s stock.

Shares of Owens-Illinois, Inc. (NYSE:OI) remained flat at $23.45 during midday trading on Friday. The company’s stock had a trading volume of 883,660 shares. The firm has a market capitalization of $3.82 billion, a PE ratio of 16.99 and a beta of 1.50. The firm’s 50-day moving average is $24.14 and its 200 day moving average is $21.70. Owens-Illinois, Inc. has a 12 month low of $16.80 and a 12 month high of $25.02.

Owens-Illinois (NYSE:OI) last posted its earnings results on Monday, July 31st. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.08. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.77 billion. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. On average, equities analysts expect that Owens-Illinois, Inc. will post $2.63 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Aperio Group LLC Has $1.51 Million Stake in Owens-Illinois, Inc. (OI)” was originally posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this article on another site, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this article can be viewed at https://stocknewstimes.com/2017/08/12/aperio-group-llc-has-1-51-million-stake-in-owens-illinois-inc-oi.html.

A number of equities analysts recently commented on OI shares. TheStreet upgraded shares of Owens-Illinois from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Deutsche Bank AG reiterated a “hold” rating and issued a $24.00 target price (up previously from $20.00) on shares of Owens-Illinois in a research report on Saturday, April 29th. BidaskClub cut shares of Owens-Illinois from a “hold” rating to a “sell” rating in a research report on Saturday. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 target price (up previously from $19.00) on shares of Owens-Illinois in a research report on Wednesday, April 26th. Finally, Zacks Investment Research cut shares of Owens-Illinois from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $26.44.

Owens-Illinois Company Profile

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.

Want to see what other hedge funds are holding OI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens-Illinois, Inc. (NYSE:OI).

Institutional Ownership by Quarter for Owens-Illinois (NYSE:OI)

Receive News & Ratings for Owens-Illinois Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens-Illinois Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply