Amalgamated Bank lifted its holdings in shares of Berry Global Group Inc (NYSE:BERY) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,923 shares of the industrial products company’s stock after buying an additional 1,431 shares during the period. Amalgamated Bank’s holdings in Berry Global Group were worth $1,521,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Berry Global Group during the 4th quarter valued at about $111,000. Cerebellum GP LLC acquired a new position in Berry Global Group during the 4th quarter valued at about $123,000. American International Group Inc. acquired a new position in Berry Global Group during the 4th quarter valued at about $180,000. Crossmark Global Holdings Inc. acquired a new position in Berry Global Group during the 4th quarter valued at about $207,000. Finally, MAI Capital Management acquired a new position in Berry Global Group during the 4th quarter valued at about $218,000. 93.87% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have issued reports on BERY shares. Robert W. Baird boosted their target price on shares of Berry Global Group from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 17th. Bank of America boosted their target price on shares of Berry Global Group from $73.00 to $74.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research raised shares of Berry Global Group from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Monday, February 12th. Barclays reduced their target price on shares of Berry Global Group from $71.00 to $70.00 and set an “overweight” rating for the company in a research note on Monday, February 12th. Finally, BidaskClub lowered shares of Berry Global Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. 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 currently has an average rating of “Buy” and an average target price of $68.00.
Shares of Berry Global Group Inc (NYSE BERY) opened at $55.71 on Friday. The firm has a market cap of $7,310.00, a P/E ratio of 21.10, a PEG ratio of 0.73 and a beta of 1.04. Berry Global Group Inc has a one year low of $47.19 and a one year high of $61.71. The company has a quick ratio of 0.96, a current ratio of 1.72 and a debt-to-equity ratio of 4.69.
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 for the quarter, topping analysts’ consensus estimates of $0.65 by $0.02. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.79 billion. Berry Global Group had a net margin of 6.13% and a return on equity of 47.10%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.50 EPS. research analysts anticipate that Berry Global Group Inc will post 3.79 earnings per share for the current year.
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Berry Global Group Company Profile
Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.
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