Berry Global Group, Inc. (NYSE:BERY) Holdings Lowered by AQR Capital Management LLC

AQR Capital Management LLC decreased its holdings in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 64.8% during the 4th quarter, according to 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 period. AQR Capital Management LLC owned approximately 0.38% of Berry Global Group worth $28,558,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BERY. TIG Advisors LLC purchased a new stake in shares of Berry Global Group during the 4th quarter valued at about $1,566,000. Northern Trust Corp raised its stake in shares of Berry Global Group by 26.3% during the fourth quarter. Northern Trust Corp now owns 1,000,009 shares of the industrial products company's stock valued at $64,671,000 after purchasing an additional 208,303 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Berry Global Group during the fourth quarter worth $5,613,000. Boothbay Fund Management LLC purchased a new position in shares of Berry Global Group in the fourth quarter valued at $661,000. Finally, Westchester Capital Management LLC acquired a new stake in Berry Global Group during the 4th quarter valued at $45,055,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BERY has been the subject of a number of analyst reports. UBS Group upped their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. StockNews.com assumed coverage on Berry Global Group in a report on Sunday, May 4th. They set a "buy" rating on the stock. Finally, Truist Financial reduced their target price 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 three have assigned a buy rating to the company. According to MarketBeat.com, Berry Global Group currently has a consensus rating of "Hold" and an average price target of $75.13.

Berry Global Group Stock Performance

Shares of NYSE:BERY traded down $1.94 during trading on Friday, hitting $67.69. 18,809,857 shares of the company traded hands, compared to its average volume of 1,399,137. 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 business's fifty day moving average is $68.50 and its 200-day moving average is $68.52. The stock 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. Berry Global Group, Inc. has a one year low of $57.52 and a one year high of $74.24.

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 EPS for the quarter, beating the consensus estimate of $1.52 by $0.03. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.60 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. Berry Global Group's revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business earned $1.95 earnings per share. As a group, equities analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

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.