Deutsche Bank AG raised its holdings in Berry Global Group, Inc. (NYSE:BERY – Free Report) by 1,620.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 211,500 shares of the industrial products company’s stock after purchasing an additional 199,208 shares during the period. Deutsche Bank AG owned 0.18% of Berry Global Group worth $13,678,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Balyasny Asset Management L.P. purchased a new position in shares of Berry Global Group during the fourth quarter valued at approximately $105,092,000. Norges Bank purchased a new position in shares of Berry Global Group during the fourth quarter valued at approximately $91,526,000. Magnetar Financial LLC purchased a new position in shares of Berry Global Group during the fourth quarter valued at approximately $71,882,000. AQR Arbitrage LLC purchased a new position in shares of Berry Global Group during the fourth quarter valued at approximately $53,950,000. Finally, Westchester Capital Management LLC purchased a new position in shares of Berry Global Group during the fourth quarter valued at approximately $45,055,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently commented on BERY. Truist Financial dropped their price target on shares of Berry Global Group from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. UBS Group upped their price target on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Finally, StockNews.com began coverage on shares of Berry Global Group in a research report on Monday. They set a “buy” rating for the company. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.29.
Berry Global Group Price Performance
Berry Global Group stock opened at $67.69 on Friday. Berry Global Group, Inc. has a 52-week low of $57.52 and a 52-week high of $74.24. The firm has a fifty day moving average of $68.08 and a 200-day moving average of $68.48. The firm has a market capitalization of $7.84 billion, a P/E ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35.
Berry Global Group (NYSE:BERY – Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.03. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the business earned $1.95 earnings per share. The business’s quarterly revenue was up .0% compared to the same quarter last year. As a group, analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current year.
Berry Global Group Profile
Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.
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