Berry Global Group, Inc. (NYSE:BERY) Position Boosted by SG Americas Securities LLC

SG Americas Securities LLC grew its holdings in Berry Global Group, Inc. (NYSE:BERY) by 4,794.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 474,570 shares of the industrial products company’s stock after purchasing an additional 464,873 shares during the period. SG Americas Securities LLC owned about 0.41% of Berry Global Group worth $33,130,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new position in Berry Global Group in the 4th quarter valued at approximately $105,092,000. Norges Bank purchased a new position in shares of Berry Global Group during the 4th quarter valued at $91,526,000. Magnetar Financial LLC purchased a new position in shares of Berry Global Group during the 4th quarter valued at $71,882,000. AQR Arbitrage LLC purchased a new stake in shares of Berry Global Group during the fourth quarter worth $53,950,000. Finally, Westchester Capital Management LLC purchased a new stake in shares of Berry Global Group during the fourth quarter worth $45,055,000. 95.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wall Street Zen initiated coverage on Berry Global Group in a research report on Tuesday, May 20th. They issued a “buy” rating on the stock. Truist Financial lowered their price target on 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $74.29.

Berry Global Group Price Performance

Shares of NYSE:BERY opened at $67.69 on Tuesday. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. Berry Global Group, Inc. has a fifty-two week low of $57.80 and a fifty-two week high of $74.24. The business has a 50-day moving average of $67.31 and a two-hundred day moving average of $68.40.

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

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.