Owens-Illinois Inc (NYSE:OI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of Owens-Illinois Inc (NYSE:OI) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 267,100 shares of the industrial products company’s stock after selling 11,100 shares during the quarter. New York State Common Retirement Fund owned 0.17% of Owens-Illinois worth $5,070,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in Owens-Illinois in the fourth quarter worth $21,545,000. Contrarius Investment Management Ltd boosted its holdings in Owens-Illinois by 266.0% in the fourth quarter. Contrarius Investment Management Ltd now owns 1,503,761 shares of the industrial products company’s stock worth $25,925,000 after purchasing an additional 1,092,905 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Owens-Illinois by 1,600.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,085,810 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 1,021,967 shares in the last quarter. WINTON GROUP Ltd bought a new stake in Owens-Illinois in the fourth quarter worth $10,877,000. Finally, FMR LLC boosted its holdings in Owens-Illinois by 33.0% in the fourth quarter. FMR LLC now owns 1,567,548 shares of the industrial products company’s stock worth $27,025,000 after purchasing an additional 389,051 shares in the last quarter. 93.15% of the stock is currently owned by institutional investors.

NYSE OI traded up $0.43 during trading on Monday, reaching $17.70. The company’s stock had a trading volume of 1,603,700 shares, compared to its average volume of 1,237,607. The company has a 50 day moving average of $16.93. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. Owens-Illinois Inc has a 12 month low of $15.67 and a 12 month high of $20.78. The company has a debt-to-equity ratio of 5.76, a current ratio of 1.39 and a quick ratio of 0.83.

Owens-Illinois (NYSE:OI) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.65 billion. Owens-Illinois had a return on equity of 43.45% and a net margin of 3.53%. The firm’s revenue was down 7.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. As a group, research analysts anticipate that Owens-Illinois Inc will post 2.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, May 30th. Owens-Illinois’s dividend payout ratio (DPR) is presently 7.35%.

A number of research firms have issued reports on OI. ValuEngine cut shares of Owens-Illinois from a “sell” rating to a “strong sell” rating in a report on Thursday, April 18th. Wells Fargo & Co raised shares of Owens-Illinois from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $20.00 to $24.00 in a report on Wednesday, May 15th. TheStreet lowered shares of Owens-Illinois from a “b” rating to a “c+” rating in a report on Monday, March 11th. UFS raised shares of Owens-Illinois from a “neutral” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, Bank of America raised shares of Owens-Illinois from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $24.00 in a report on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $21.81.

Owens-Illinois Profile

Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Americas, Europe, and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals.

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

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