Oakbrook Investments LLC Increases Position in Owens-Illinois Inc (OI)

Oakbrook Investments LLC increased its position in Owens-Illinois Inc (NYSE:OI) by 33.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,200 shares of the industrial products company’s stock after purchasing an additional 5,050 shares during the quarter. Oakbrook Investments LLC’s holdings in Owens-Illinois were worth $380,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Owens-Illinois by 2.1% during the 2nd quarter. BlackRock Inc. now owns 16,150,316 shares of the industrial products company’s stock worth $271,487,000 after buying an additional 333,917 shares during the period. Wedge Capital Management L L P NC grew its position in shares of Owens-Illinois by 16.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 5,370,451 shares of the industrial products company’s stock worth $90,277,000 after buying an additional 756,954 shares during the period. LSV Asset Management grew its position in shares of Owens-Illinois by 1.8% during the 2nd quarter. LSV Asset Management now owns 4,997,745 shares of the industrial products company’s stock worth $84,012,000 after buying an additional 86,165 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Owens-Illinois by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,958,769 shares of the industrial products company’s stock worth $49,736,000 after buying an additional 441,377 shares during the period. Finally, Private Management Group Inc. grew its position in shares of Owens-Illinois by 9.4% during the 2nd quarter. Private Management Group Inc. now owns 2,326,655 shares of the industrial products company’s stock worth $39,111,000 after buying an additional 199,942 shares during the period. Hedge funds and other institutional investors own 93.18% of the company’s stock.

NYSE:OI opened at $16.63 on Friday. Owens-Illinois Inc has a fifty-two week low of $16.01 and a fifty-two week high of $24.66. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 5.98. The stock has a market cap of $2.62 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 0.91 and a beta of 1.40.



OI has been the subject of several analyst reports. Citigroup decreased their target price on Owens-Illinois from $29.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, July 10th. Robert W. Baird decreased their target price on Owens-Illinois from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, July 25th. Bank of America set a $22.00 target price on Owens-Illinois and gave the stock a “hold” rating in a research report on Wednesday, July 25th. Finally, Zacks Investment Research lowered Owens-Illinois from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Owens-Illinois presently has a consensus rating of “Hold” and an average target price of $23.66.

Owens-Illinois Company Profile

Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.

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

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