O-I Glass (NYSE:OI) SVP Eduardo Restrepo Acquires 3,309 Shares

O-I Glass, Inc. (NYSE:OI) SVP Eduardo Restrepo bought 3,309 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average price of $8.98 per share, with a total value of $29,714.82. Following the transaction, the senior vice president owned 94,199 shares of the company’s stock, valued at $845,907.02. The trade was a 3.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

O-I Glass Trading Down 6.1%

OI stock opened at $8.33 on Friday. The company has a market cap of $1.28 billion, a P/E ratio of -6.82, a PEG ratio of 1.01 and a beta of 0.65. O-I Glass, Inc. has a twelve month low of $8.00 and a twelve month high of $16.91. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 3.35. The business has a fifty day moving average of $10.29 and a 200-day moving average of $12.93.

O-I Glass (NYSE:OI) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. As a group, equities research analysts expect that O-I Glass, Inc. will post 1.2 EPS for the current year.

Key O-I Glass News

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Traders bought 2,354 call options on O-I Glass, a large jump versus normal activity, suggesting some investors are betting on a rebound.
• Neutral Sentiment: Zacks Research slightly raised its Q4 2026 EPS estimate to $0.35 from $0.34, indicating a modest improvement in that quarter.
• Negative Sentiment: Zacks Research cut its Q2 2026 EPS estimate to $0.29 from $0.51, a sizable reduction that signals weaker near-term profitability.
• Negative Sentiment: The firm also lowered FY2026 EPS to $1.21 from $1.67 and FY2027 EPS to $1.78 from $2.09, pointing to a more cautious longer-term outlook.
• Negative Sentiment: Additional forecast cuts were made for several quarters from late 2026 through 2028, reinforcing concerns about earnings momentum.
• Negative Sentiment: The repeated downgrade pressure and “Strong Sell” stance are likely contributing to the stock’s weakness today. O-I Glass (OI) price target decreased by 20.27% to 13.37

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company cut shares of O-I Glass from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $18.00 to $13.00 in a research note on Friday, March 20th. Truist Financial reaffirmed a “buy” rating and issued a $14.00 price objective (down from $15.00) on shares of O-I Glass in a research note on Thursday, April 30th. UBS Group reduced their price objective on shares of O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, April 10th. Wall Street Zen cut shares of O-I Glass from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Robert W. Baird set a $20.00 price target on O-I Glass in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, O-I Glass has a consensus rating of “Hold” and a consensus target price of $15.50.

Institutional Trading of O-I Glass

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in O-I Glass by 3.7% during the third quarter. Vanguard Group Inc. now owns 19,349,218 shares of the industrial products company’s stock worth $250,959,000 after acquiring an additional 691,989 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in O-I Glass by 8.6% during the first quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company’s stock worth $97,094,000 after acquiring an additional 729,191 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in O-I Glass by 0.7% during the third quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company’s stock worth $103,718,000 after acquiring an additional 56,945 shares in the last quarter. Cooper Creek Partners Management LLC lifted its holdings in O-I Glass by 73.8% during the first quarter. Cooper Creek Partners Management LLC now owns 7,006,293 shares of the industrial products company’s stock worth $73,636,000 after acquiring an additional 2,975,181 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in O-I Glass by 32.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,246,337 shares of the industrial products company’s stock worth $44,629,000 after acquiring an additional 1,030,705 shares in the last quarter. 97.24% of the stock is owned by institutional investors.

O-I Glass Company Profile

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.