Stanley Laman Group Ltd. lowered its position in shares of Berry Global Group (NYSE:BERY) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 76,250 shares of the industrial products company’s stock after selling 3,664 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.06% of Berry Global Group worth $4,179,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Nisa Investment Advisors LLC lifted its holdings in shares of Berry Global Group by 27.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 10,200 shares of the industrial products company’s stock valued at $598,000 after acquiring an additional 2,200 shares in the last quarter. Syntal Capital Partners LLC increased its stake in Berry Global Group by 80.7% during the 4th quarter. Syntal Capital Partners LLC now owns 23,079 shares of the industrial products company’s stock worth $1,354,000 after buying an additional 10,307 shares during the period. State of Alaska Department of Revenue purchased a new stake in Berry Global Group during the 4th quarter worth $557,000. Cerebellum GP LLC purchased a new stake in Berry Global Group during the 4th quarter worth $123,000. Finally, Advisors Capital Management LLC increased its stake in Berry Global Group by 7.4% during the 4th quarter. Advisors Capital Management LLC now owns 50,792 shares of the industrial products company’s stock worth $2,980,000 after buying an additional 3,487 shares during the period. Institutional investors own 93.47% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. Credit Suisse Group dropped their target price on shares of Berry Global Group from $73.00 to $71.00 and set an “outperform” rating for the company in a research report on Friday, April 27th. KeyCorp reissued a “hold” rating on shares of Berry Global Group in a research report on Thursday, May 3rd. Barclays lowered their price objective on shares of Berry Global Group from $70.00 to $65.00 and set an “overweight” rating for the company in a research report on Wednesday, May 9th. Citigroup lowered their price objective on shares of Berry Global Group from $66.00 to $64.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Finally, Bank of America reduced their target price on shares of Berry Global Group from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, May 4th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $66.58.
BERY stock opened at $47.53 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.95 and a debt-to-equity ratio of 4.59. Berry Global Group has a 12 month low of $47.42 and a 12 month high of $47.88. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 15.48, a price-to-earnings-growth ratio of 0.66 and a beta of 1.06.
Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Thursday, May 3rd. The industrial products company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.03). Berry Global Group had a net margin of 6.24% and a return on equity of 41.40%. The company had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the company earned $0.79 earnings per share. Berry Global Group’s revenue for the quarter was up 8.9% on a year-over-year basis. equities research analysts predict that Berry Global Group will post 3.64 EPS for the current fiscal year.
In other news, Director Paula A. Sneed bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was acquired at an average price of $53.63 per share, for a total transaction of $53,630.00. Following the transaction, the director now directly owns 1,050 shares of the company’s stock, valued at approximately $56,311.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.00% of the company’s stock.
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.
Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter.