Benjamin Edwards Inc. Purchases 282 Shares of Berry Global Group, Inc. (NYSE:BERY)

Benjamin Edwards Inc. lifted its position in Berry Global Group, Inc. (NYSE:BERY) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,858 shares of the industrial products company’s stock after acquiring an additional 282 shares during the period. Benjamin Edwards Inc.’s holdings in Berry Global Group were worth $637,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 306 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Berry Global Group by 28.8% in the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 165 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 821 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock valued at $69,000 after buying an additional 876 shares during the last quarter. Finally, Atlas Capital Advisors Inc. increased its holdings in Berry Global Group by 7,390.9% in the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company’s stock worth $107,000 after buying an additional 1,626 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Price Performance

Shares of Berry Global Group stock opened at $67.69 on Friday. The stock’s fifty day moving average is $68.44 and its 200 day moving average is $68.51. Berry Global Group, Inc. has a one year low of $57.52 and a one year high of $74.24. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The stock has a market cap of $7.84 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.60 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The firm’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $1.95 EPS. Sell-side analysts anticipate that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BERY has been the topic of several research analyst reports. StockNews.com began coverage on shares of Berry Global Group in a research note on Sunday, May 4th. They set a “buy” rating on the stock. UBS Group raised their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Truist Financial decreased their target price on shares of Berry Global Group from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Tuesday, April 22nd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Berry Global Group has an average rating of “Hold” and an average price target of $75.13.

Berry Global Group Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.