Owens-Illinois, Inc. (NYSE:OI) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP trimmed its position in shares of Owens-Illinois, Inc. (NYSE:OI) by 14.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,145 shares of the industrial products company’s stock after selling 10,835 shares during the quarter. Systematic Financial Management LP’s holdings in Owens-Illinois were worth $1,639,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. grew its stake in Owens-Illinois by 3.5% in the 2nd quarter. BlackRock Inc. now owns 15,167,509 shares of the industrial products company’s stock valued at $362,806,000 after buying an additional 512,032 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Owens-Illinois by 1.6% in the 2nd quarter. Great West Life Assurance Co. Can now owns 7,939,045 shares of the industrial products company’s stock valued at $189,411,000 after purchasing an additional 125,665 shares during the period. Prudential Financial Inc. boosted its holdings in Owens-Illinois by 15.1% in the 3rd quarter. Prudential Financial Inc. now owns 3,916,784 shares of the industrial products company’s stock valued at $98,546,000 after purchasing an additional 513,679 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Owens-Illinois by 30.7% in the 2nd 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 boosted its holdings in Owens-Illinois by 36.9% in the 2nd 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. 93.73% of the stock is currently owned by institutional investors and hedge funds.

OI has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Owens-Illinois from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. ValuEngine raised shares of Owens-Illinois from a “buy” rating to a “strong-buy” rating in a report on Friday, October 13th. Zacks Investment Research downgraded shares of Owens-Illinois from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Robert W. Baird upped their price target on shares of Owens-Illinois from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Bank of America upped their price target on shares of Owens-Illinois from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $26.45.

Owens-Illinois, Inc. (OI) traded up $0.23 during midday trading on Wednesday, reaching $24.34. 1,399,600 shares of the company were exchanged, compared to its average volume of 1,262,909. Owens-Illinois, Inc. has a 1-year low of $17.31 and a 1-year high of $25.90. The company has a debt-to-equity ratio of 5.73, a current ratio of 1.23 and a quick ratio of 0.74. The stock has a market capitalization of $3,929.71, a P/E ratio of 9.27, a PEG ratio of 1.26 and a beta of 1.52.

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

In other Owens-Illinois news, insider Timothy M. Connors sold 3,500 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $23.86, for a total transaction of $83,510.00. Following the transaction, the insider now directly owns 19,624 shares of the company’s stock, valued at approximately $468,228.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Moyano Giancarlo Currarino sold 1,360 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $23.97, for a total transaction of $32,599.20. Following the completion of the sale, the senior vice president now directly owns 23,954 shares in the company, valued at $574,177.38. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

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About Owens-Illinois

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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