Price T Rowe Associates Inc. MD Trims Position in Berry Global Group, Inc. (NYSE:BERY)

Price T Rowe Associates Inc. MD decreased its holdings in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,685 shares of the industrial products company's stock after selling 13,755 shares during the period. Price T Rowe Associates Inc. MD owned about 0.07% of Berry Global Group worth $5,607,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Khrom Capital Management LLC grew its position in 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 purchasing an additional 210,046 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Berry Global Group by 157.6% in the fourth quarter. Hsbc Holdings PLC now owns 16,394 shares of the industrial products company's stock worth $1,059,000 after acquiring an additional 10,029 shares during the period. ClearAlpha Technologies LP purchased a new stake in Berry Global Group during the fourth quarter valued at $3,501,000. TD Waterhouse Canada Inc. lifted its holdings in Berry Global Group by 6.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 35,116 shares of the industrial products company's stock valued at $2,272,000 after acquiring an additional 2,221 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in Berry Global Group by 29.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,486 shares of the industrial products company's stock worth $484,000 after purchasing an additional 1,686 shares during the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

Wall Street Analysts Forecast Growth

BERY has been the subject of several recent research reports. UBS Group boosted their target price 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. Truist Financial lowered their price target on shares of Berry Global Group from $76.00 to $71.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com began coverage on shares of Berry Global Group in a research note on Sunday, May 4th. They issued a "buy" rating for the company. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $75.13.

Berry Global Group Price Performance

Shares of NYSE BERY traded down $1.94 during midday trading on Friday, reaching $67.69. 18,809,857 shares of the stock traded hands, compared to its average volume of 1,399,137. The company's 50 day moving average is $68.50 and its 200 day moving average is $68.52. Berry Global Group, Inc. has a one year low of $57.52 and a one year high of $74.24. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09. The stock 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.55 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.60 billion. During the same period last year, the company posted $1.95 EPS. The business's revenue was up .0% on a year-over-year basis. On average, equities research analysts anticipate that Berry Global Group, Inc. will post 6.25 earnings per share for the current 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.