HL Financial Services LLC Takes Position in Owens-Illinois, Inc. (OI)

HL Financial Services LLC acquired a new stake in Owens-Illinois, Inc. (NYSE:OI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 146,550 shares of the industrial products company’s stock, valued at approximately $3,687,000. HL Financial Services LLC owned 0.09% of Owens-Illinois as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in OI. Principal Financial Group Inc. increased its holdings in shares of Owens-Illinois by 145.9% in the third quarter. Principal Financial Group Inc. now owns 1,714,934 shares of the industrial products company’s stock valued at $43,148,000 after purchasing an additional 1,017,414 shares during the period. FMR LLC increased its holdings in shares of Owens-Illinois by 918.1% in the first quarter. FMR LLC now owns 1,053,180 shares of the industrial products company’s stock valued at $21,464,000 after purchasing an additional 949,734 shares during the period. Boston Partners acquired a new position in shares of Owens-Illinois in the third quarter valued at about $22,201,000. Thrivent Financial For Lutherans increased its holdings in shares of Owens-Illinois by 30.7% in the second quarter. Thrivent Financial For Lutherans now owns 2,929,740 shares of the industrial products company’s stock valued at $70,080,000 after purchasing an additional 688,720 shares during the period. Finally, LSV Asset Management increased its holdings in shares of Owens-Illinois by 36.9% in the second quarter. LSV Asset Management now owns 2,271,378 shares of the industrial products company’s stock valued at $54,331,000 after purchasing an additional 612,600 shares during the period. 94.90% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on OI. Robert W. Baird reissued a “hold” rating and issued a $25.00 price objective on shares of Owens-Illinois in a report on Thursday, October 12th. ValuEngine raised Owens-Illinois from a “buy” rating to a “strong-buy” rating in a report on Friday, October 13th. Royal Bank Of Canada set a $27.00 price objective on Owens-Illinois and gave the company a “hold” rating in a report on Tuesday, October 17th. Zacks Investment Research lowered Owens-Illinois from a “buy” rating to a “sell” rating in a report on Tuesday, October 3rd. Finally, UBS AG restated a “neutral” rating and issued a $27.00 target price (up previously from $26.00) on shares of Owens-Illinois in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $26.45.

Shares of Owens-Illinois, Inc. (OI) traded down $0.03 during mid-day trading on Friday, reaching $23.31. The company’s stock had a trading volume of 1,053,300 shares, compared to its average volume of 1,274,292. The stock has a market capitalization of $3,804.21, a P/E ratio of 8.98, a P/E/G ratio of 1.22 and a beta of 1.53. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 5.73. Owens-Illinois, Inc. has a 52 week low of $17.31 and a 52 week high of $25.90.

Owens-Illinois (NYSE:OI) last posted its quarterly earnings results on Monday, October 23rd. The industrial products company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.73 by $0.04. Owens-Illinois had a return on equity of 63.33% and a net margin of 3.59%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter last year, the firm earned $0.68 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. equities research analysts anticipate that Owens-Illinois, Inc. will post 2.64 EPS for the current year.

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In other news, insider Sergio B.O. Galindo sold 5,477 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $24.93, for a total transaction of $136,541.61. Following the completion of the transaction, the insider now directly owns 34,890 shares in the company, valued at $869,807.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Timothy M. Connors sold 3,500 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $23.86, for a total value of $83,510.00. Following the transaction, the insider now owns 19,624 shares of the company’s stock, valued at $468,228.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,337 shares of company stock valued at $252,651. Insiders own 1.50% of the company’s stock.

Owens-Illinois 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.

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

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