Gotham Asset Management LLC Purchases 52,169 Shares of Berry Global Group, Inc. (NYSE:BERY)

Gotham Asset Management LLC lifted its position in Berry Global Group, Inc. (NYSE:BERY) by 409.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,921 shares of the industrial products company’s stock after buying an additional 52,169 shares during the quarter. Gotham Asset Management LLC’s holdings in Berry Global Group were worth $4,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of BERY. Greenleaf Trust lifted its holdings in shares of Berry Global Group by 3.5% during the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock worth $285,000 after buying an additional 149 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Berry Global Group by 28.8% during the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 165 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Berry Global Group by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company’s stock valued at $229,000 after purchasing an additional 170 shares during the period. Commonwealth Equity Services LLC grew its position in Berry Global Group by 2.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,033 shares of the industrial products company’s stock worth $649,000 after purchasing an additional 241 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of Berry Global Group by 2.9% during the 4th quarter. Benjamin Edwards Inc. now owns 9,858 shares of the industrial products company’s stock worth $637,000 after purchasing an additional 282 shares during the period. 95.36% of the stock is owned by institutional investors.

Berry Global Group Stock Down 2.8%

Shares of NYSE BERY opened at $67.69 on Thursday. Berry Global Group, Inc. has a 52-week low of $57.52 and a 52-week 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 business has a fifty day moving average of $68.18 and a two-hundred day moving average of $68.50. The stock has a market cap of $7.84 billion, a PE ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the previous year, the business earned $1.95 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, equities research analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BERY shares. StockNews.com assumed coverage on shares of Berry Global Group in a research note on Monday. They issued a “buy” rating for the company. Truist Financial lowered their price objective on Berry Global Group from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Tuesday, April 22nd. Finally, UBS Group raised their target price on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.29.

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.