AQR Capital Management LLC Sells 812,537 Shares of Berry Global Group, Inc. (NYSE:BERY)

AQR Capital Management LLC decreased its position in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 64.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 441,601 shares of the industrial products company's stock after selling 812,537 shares during the quarter. AQR Capital Management LLC owned approximately 0.38% of Berry Global Group worth $28,558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of Berry Global Group by 89.0% in the 4th 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 increased its holdings in Berry Global Group by 28.8% during the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock valued at $48,000 after buying an additional 165 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in 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 worth $55,000 after acquiring an additional 821 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Berry Global Group by 463.5% during the 4th 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 last quarter. Finally, Atlas Capital Advisors Inc. grew its position in shares of Berry Global Group by 7,390.9% during the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock valued at $107,000 after acquiring an additional 1,626 shares during the period. 95.36% of the stock is owned by hedge funds and other institutional investors.

Berry Global Group Price Performance

NYSE BERY traded down $1.94 during trading hours on Wednesday, reaching $67.69. The company's stock had a trading volume of 18,809,857 shares, compared to its average volume of 1,401,516. Berry Global Group, Inc. has a 1 year low of $57.52 and a 1 year high of $74.24. 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 company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. The firm's 50-day moving average price is $68.59 and its 200-day moving average price is $68.53.

Berry Global Group (NYSE:BERY - Get Free Report) last released its earnings results on Wednesday, April 30th. The industrial products company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.52 by $0.03. The firm had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.60 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm 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.

Analyst Ratings Changes

BERY has been the topic of a number of recent research reports. 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 report on Friday, February 7th. Truist Financial reduced their price target on Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Finally, StockNews.com began coverage on Berry Global Group in a research report on Sunday. They set a "buy" rating on the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, 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.