Nippon Life Global Investors Americas Inc. lifted its position in shares of Berry Global Group Inc (NYSE:BERY) by 50.1% during the third quarter, HoldingsChannel reports. The firm owned 42,060 shares of the industrial products company’s stock after acquiring an additional 14,040 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Berry Global Group were worth $2,035,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Berry Global Group during the second quarter worth about $105,000. First Hawaiian Bank acquired a new stake in shares of Berry Global Group during the third quarter worth about $129,000. Nisa Investment Advisors LLC acquired a new stake in shares of Berry Global Group during the third quarter worth about $145,000. Atria Investments LLC acquired a new stake in shares of Berry Global Group during the second quarter worth about $212,000. Finally, Reliance Trust Co. of Delaware acquired a new stake in shares of Berry Global Group during the third quarter worth about $229,000. Institutional investors and hedge funds own 93.57% of the company’s stock.
BERY has been the topic of a number of research reports. Cfra reissued a “buy” rating and set a $57.00 price target on shares of Berry Global Group in a report on Thursday, September 6th. KeyCorp reissued a “hold” rating on shares of Berry Global Group in a report on Friday, August 3rd. Zacks Investment Research raised Berry Global Group from a “sell” rating to a “hold” rating in a report on Monday, October 8th. ValuEngine raised Berry Global Group from a “strong sell” rating to a “sell” rating in a report on Thursday, September 13th. Finally, TheStreet lowered Berry Global Group from a “b” rating to a “c+” rating in a report on Monday, October 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $65.75.
NYSE BERY opened at $45.10 on Friday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 1.19 and a current ratio of 2.01. Berry Global Group Inc has a 52-week low of $40.50 and a 52-week high of $61.71. The stock has a market cap of $5.75 billion, a P/E ratio of 13.06, a P/E/G ratio of 0.58 and a beta of 1.20.
Berry Global Group (NYSE:BERY) last released its quarterly earnings results on Friday, August 3rd. The industrial products company reported $0.96 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.09). Berry Global Group had a return on equity of 35.88% and a net margin of 6.15%. The company had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the business earned $0.93 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts predict that Berry Global Group Inc will post 3.35 earnings per share for the current fiscal year.
About Berry Global Group
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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