Berry Global Group Inc (BERY) Stake Increased by United Services Automobile Association

United Services Automobile Association lifted its stake in shares of Berry Global Group Inc (NYSE:BERY) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 341,816 shares of the industrial products company’s stock after buying an additional 5,360 shares during the quarter. United Services Automobile Association owned about 0.26% of Berry Global Group worth $16,540,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in shares of Berry Global Group by 13.3% in the 2nd quarter. Victory Capital Management Inc. now owns 82,647 shares of the industrial products company’s stock worth $3,797,000 after purchasing an additional 9,688 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in shares of Berry Global Group by 258.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 94,319 shares of the industrial products company’s stock worth $4,333,000 after purchasing an additional 67,988 shares in the last quarter. Beach Point Capital Management LP lifted its holdings in shares of Berry Global Group by 25.3% in the 2nd quarter. Beach Point Capital Management LP now owns 323,423 shares of the industrial products company’s stock worth $14,858,000 after purchasing an additional 65,380 shares in the last quarter. Nicola Wealth Management LTD. bought a new position in shares of Berry Global Group in the 2nd quarter worth $2,577,000. Finally, Dean Capital Investments Management LLC bought a new position in shares of Berry Global Group in the 2nd quarter worth $441,000. 95.38% of the stock is owned by institutional investors.

Shares of NYSE:BERY opened at $49.48 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.13 and a debt-to-equity ratio of 4.05. Berry Global Group Inc has a 1-year low of $40.50 and a 1-year high of $61.71. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 14.68, a P/E/G ratio of 0.78 and a beta of 1.22.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Thursday, November 15th. The industrial products company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.02. Berry Global Group had a return on equity of 34.77% and a net margin of 6.30%. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.01 billion. As a group, sell-side analysts forecast that Berry Global Group Inc will post 3.78 earnings per share for the current year.

Several equities analysts have weighed in on the company. TheStreet upgraded Berry Global Group from a “c+” rating to a “b” rating in a research note on Monday, November 19th. Cfra restated a “buy” rating and set a $57.00 price objective on shares of Berry Global Group in a research note on Thursday, September 6th. Zacks Investment Research upgraded Berry Global Group from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. ValuEngine upgraded Berry Global Group from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Finally, Citigroup raised their price objective on Berry Global Group from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 16th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $63.57.

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Berry Global Group Company 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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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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