Great West Life Assurance Co. Can purchased a new position in Berry Global Group Inc (NYSE:BERY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,120 shares of the industrial products company’s stock, valued at approximately $430,000.
A number of other large investors have also recently made changes to their positions in BERY. Heritage Wealth Advisors raised its stake in shares of Berry Global Group by 33.0% in the fourth quarter. Heritage Wealth Advisors now owns 1,197 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 297 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Berry Global Group by 131.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,684 shares of the industrial products company’s stock worth $80,000 after purchasing an additional 957 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Berry Global Group in the fourth quarter worth approximately $103,000. State of Tennessee Treasury Department purchased a new stake in shares of Berry Global Group in the fourth quarter worth approximately $156,000. Finally, Columbus Macro LLC purchased a new stake in shares of Berry Global Group in the fourth quarter worth approximately $200,000. Institutional investors and hedge funds own 99.57% of the company’s stock.
Shares of BERY opened at $33.06 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.09 and a debt-to-equity ratio of 6.24. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 12.24, a PEG ratio of 0.59 and a beta of 1.39. The stock has a 50 day moving average of $36.93 and a 200 day moving average of $41.72. Berry Global Group Inc has a 12 month low of $25.00 and a 12 month high of $59.16.
Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Friday, January 31st. The industrial products company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.02. The company had revenue of $2.82 billion during the quarter, compared to the consensus estimate of $2.90 billion. Berry Global Group had a return on equity of 26.56% and a net margin of 3.73%. Berry Global Group’s revenue was up 42.8% on a year-over-year basis. During the same period last year, the business posted $0.77 earnings per share. As a group, equities research analysts predict that Berry Global Group Inc will post 4.08 earnings per share for the current year.
Several analysts have recently commented on the company. Morgan Stanley lowered their price objective on Berry Global Group from $51.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 18th. Credit Suisse Group assumed coverage on Berry Global Group in a research note on Thursday, February 13th. They issued an “outperform” rating and a $62.00 price objective for the company. Citigroup lowered their price objective on Berry Global Group from $62.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Barclays assumed coverage on Berry Global Group in a research note on Thursday, January 16th. They issued an “equal weight” rating and a $50.00 price objective for the company. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $56.00 price objective on shares of Berry Global Group in a research note on Monday, January 20th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Berry Global Group has a consensus rating of “Buy” and a consensus target price of $51.20.
About Berry Global Group
Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.
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