Berry Global Group, Inc. (NYSE:BERY) Shares Purchased by FORA Capital LLC

FORA Capital LLC raised its stake in Berry Global Group, Inc. (NYSE:BERY) by 107.5% during the 4th quarter, HoldingsChannel reports. The firm owned 17,318 shares of the industrial products company’s stock after acquiring an additional 8,971 shares during the period. FORA Capital LLC’s holdings in Berry Global Group were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission.

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

Berry Global Group Price Performance

Berry Global Group stock opened at $67.69 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. The firm’s 50-day simple moving average is $68.44 and its 200 day simple moving average is $68.51. Berry Global Group, Inc. has a 52 week low of $57.52 and a 52 week high of $74.24. The firm has a market capitalization of $7.84 billion, a PE ratio of 16.88, a P/E/G 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 the consensus estimate 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 business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same period in the prior year, the business earned $1.95 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. On average, equities research analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Analyst Ratings Changes

BERY has been the subject of a number of analyst reports. UBS Group increased their target price on Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. StockNews.com started coverage on Berry Global Group in a report on Sunday, May 4th. They issued a “buy” rating for the company. Finally, Truist Financial decreased their target price on shares of 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $75.13.

About Berry Global Group

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.