Teachers Advisors LLC boosted its position in shares of Berry Global Group (NYSE:BERY) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,131,696 shares of the industrial products company’s stock after buying an additional 63,592 shares during the quarter. Teachers Advisors LLC owned approximately 0.86% of Berry Global Group worth $66,397,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in BERY. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Berry Global Group during the fourth quarter valued at $111,000. Cerebellum GP LLC purchased a new position in shares of Berry Global Group in the fourth quarter worth about $123,000. American International Group Inc. purchased a new position in shares of Berry Global Group in the fourth quarter worth about $180,000. Crossmark Global Holdings Inc. purchased a new position in shares of Berry Global Group in the fourth quarter worth about $207,000. Finally, MAI Capital Management purchased a new position in shares of Berry Global Group in the fourth quarter worth about $218,000. Institutional investors own 94.82% of the company’s stock.
BERY has been the topic of several research reports. Zacks Investment Research downgraded shares of Berry Global Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. BMO Capital Markets upgraded shares of Berry Global Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 24th. Bank of America raised their price objective on shares of Berry Global Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Barclays cut their price objective on shares of Berry Global Group from $71.00 to $70.00 and set an “overweight” rating for the company in a research report on Monday, February 12th. Finally, Citigroup cut their price objective on shares of Berry Global Group from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $67.58.
Shares of BERY stock traded down $1.13 during trading on Friday, reaching $54.05. The company’s stock had a trading volume of 564,743 shares, compared to its average volume of 992,428. The company has a debt-to-equity ratio of 4.69, a quick ratio of 0.96 and a current ratio of 1.72. The stock has a market capitalization of $7,091.36, a P/E ratio of 17.61, a price-to-earnings-growth ratio of 0.71 and a beta of 1.05. Berry Global Group has a 1-year low of $47.49 and a 1-year high of $61.71.
Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. Berry Global Group had a net margin of 6.13% and a return on equity of 47.10%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. research analysts forecast that Berry Global Group will post 3.79 EPS for the current fiscal year.
In other news, Director Paula A. Sneed purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was bought at an average price of $53.63 per share, for a total transaction of $53,630.00. Following the completion of the purchase, the director now directly owns 1,050 shares of the company’s stock, valued at $56,311.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is owned by insiders.
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Berry Global Group Profile
Berry Global Group, Inc manufactures and distributes engineered materials, nonwoven specialty materials, and consumer packaging products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. It 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, vinyl-coated and carton sealing, electrical, 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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