Nomura Holdings Inc. raised its stake in shares of BPC Acquisition Corp (NYSE:BERY) by 154.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,069 shares of the industrial products company’s stock after purchasing an additional 11,569 shares during the quarter. Nomura Holdings Inc.’s holdings in BPC Acquisition Corp were worth $1,090,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of BPC Acquisition Corp by 12.0% in the first quarter. Vanguard Group Inc. now owns 10,135,557 shares of the industrial products company’s stock worth $492,284,000 after acquiring an additional 1,089,650 shares during the period. BlackRock Inc. increased its stake in shares of BPC Acquisition Corp by 20,404.9% in the first quarter. BlackRock Inc. now owns 5,099,577 shares of the industrial products company’s stock worth $247,685,000 after acquiring an additional 5,074,707 shares during the period. Clearbridge Investments LLC grew its position in BPC Acquisition Corp by 62.7% during the first quarter. Clearbridge Investments LLC now owns 2,296,538 shares of the industrial products company’s stock valued at $111,543,000 after buying an additional 885,061 shares during the period. State Street Corp grew its position in BPC Acquisition Corp by 10.5% during the first quarter. State Street Corp now owns 1,706,880 shares of the industrial products company’s stock valued at $82,903,000 after buying an additional 162,250 shares during the period. Finally, Bank of America Corp DE grew its position in BPC Acquisition Corp by 10.2% during the first quarter. Bank of America Corp DE now owns 1,198,732 shares of the industrial products company’s stock valued at $58,222,000 after buying an additional 111,402 shares during the period. Institutional investors and hedge funds own 94.20% of the company’s stock.
In related news, President Curt Begle sold 22,541 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $60.01, for a total value of $1,352,685.41. Following the completion of the sale, the president now owns 17,189 shares in the company, valued at $1,031,511.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.11% of the company’s stock.
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BERY has been the topic of several analyst reports. Robert W. Baird restated a “buy” rating and set a $65.00 price target on shares of BPC Acquisition Corp in a research report on Friday, September 1st. Citigroup Inc. reaffirmed a “buy” rating on shares of BPC Acquisition Corp in a report on Thursday, August 31st. Jefferies Group LLC reaffirmed a “buy” rating and set a $67.00 price objective on shares of BPC Acquisition Corp in a report on Thursday, August 31st. UBS AG began coverage on shares of BPC Acquisition Corp in a research note on Tuesday, July 25th. They issued a “buy” rating and a $67.00 price target on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $63.00 price target on shares of BPC Acquisition Corp in a research note on Wednesday, July 12th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $64.08.
Shares of BPC Acquisition Corp (NYSE:BERY) traded down 0.68% during mid-day trading on Friday, hitting $60.23. 9,640 shares of the stock traded hands. BPC Acquisition Corp has a one year low of $42.74 and a one year high of $60.60. The stock has a market cap of $7.85 billion, a PE ratio of 25.58 and a beta of 1.08. The stock has a 50-day moving average of $57.65 and a 200 day moving average of $56.41.
BPC Acquisition Corp (NYSE:BERY) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.10. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.94 billion. BPC Acquisition Corp had a return on equity of 76.66% and a net margin of 4.49%. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 earnings per share. Equities analysts predict that BPC Acquisition Corp will post $3.04 EPS for the current fiscal year.
BPC Acquisition Corp Company Profile
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
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