Westchester Capital Management LLC Invests $45.06 Million in Berry Global Group, Inc. (NYSE:BERY)

Westchester Capital Management LLC acquired a new position in Berry Global Group, Inc. (NYSE:BERY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 696,694 shares of the industrial products company's stock, valued at approximately $45,055,000. Berry Global Group comprises about 2.5% of Westchester Capital Management LLC's investment portfolio, making the stock its 10th largest position. Westchester Capital Management LLC owned about 0.60% of Berry Global Group as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Khrom Capital Management LLC boosted its holdings in shares of Berry Global Group by 14.8% in the 4th quarter. Khrom Capital Management LLC now owns 1,630,007 shares of the industrial products company's stock worth $105,413,000 after buying an additional 210,046 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Berry Global Group by 157.6% in the 4th quarter. Hsbc Holdings PLC now owns 16,394 shares of the industrial products company's stock worth $1,059,000 after buying an additional 10,029 shares during the last quarter. ClearAlpha Technologies LP purchased a new position in shares of Berry Global Group in the 4th quarter worth about $3,501,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Berry Global Group by 6.8% in the 4th quarter. TD Waterhouse Canada Inc. now owns 35,116 shares of the industrial products company's stock worth $2,272,000 after buying an additional 2,221 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Berry Global Group by 29.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,486 shares of the industrial products company's stock worth $484,000 after buying an additional 1,686 shares during the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Berry Global Group Trading Down 2.8 %

BERY stock traded down $1.94 on Wednesday, reaching $67.69. The company's stock had a trading volume of 18,809,857 shares, compared to its average volume of 1,389,888. The firm 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. The business has a fifty day simple moving average of $69.11 and a two-hundred day simple moving average of $68.61. Berry Global Group, Inc. has a 12-month low of $56.60 and a 12-month 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.

Berry Global Group (NYSE:BERY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (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%. During the same quarter in the previous year, the company earned $1.95 EPS. Berry Global Group's quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Wall Street Analysts Forecast Growth

BERY has been the topic of a number of research analyst reports. StockNews.com assumed coverage on shares of Berry Global Group in a report on Saturday. They issued a "buy" rating on the stock. Truist Financial decreased their price objective 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. Finally, UBS Group upped their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $75.13.

Berry Global Group Company 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.