Voya Investment Management LLC Decreases Holdings in Berry Global Group, Inc. (NYSE:BERY)

Voya Investment Management LLC trimmed its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 52.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,450 shares of the industrial products company's stock after selling 46,791 shares during the period. Voya Investment Management LLC's holdings in Berry Global Group were worth $2,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Khrom Capital Management LLC increased its position in Berry Global Group by 14.8% during the fourth quarter. Khrom Capital Management LLC now owns 1,630,007 shares of the industrial products company's stock worth $105,413,000 after acquiring an additional 210,046 shares during the period. Hsbc Holdings PLC increased its stake in shares of Berry Global Group by 157.6% during the fourth quarter. Hsbc Holdings PLC now owns 16,394 shares of the industrial products company's stock worth $1,059,000 after purchasing an additional 10,029 shares during the period. ClearAlpha Technologies LP bought a new position in Berry Global Group in the 4th quarter valued at about $3,501,000. TD Waterhouse Canada Inc. grew its stake in shares of Berry Global Group by 6.8% during the fourth 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 increased its holdings in 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 purchasing an additional 1,686 shares in the last quarter. Institutional investors and hedge funds own 95.36% of the company's stock.

Berry Global Group Price Performance

BERY stock traded down $1.94 during trading on Thursday, hitting $67.69. The company had a trading volume of 18,809,857 shares, compared to its average volume of 1,400,026. The company has a fifty day moving average price of $68.59 and a two-hundred day moving average price of $68.53. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a fifty-two week low of $57.52 and a fifty-two week high of $74.24. The company has a market cap of $7.84 billion, a P/E 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 released its quarterly earnings data 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 return on equity of 28.26% and a net margin of 3.99%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.60 billion. During the same quarter in the prior year, the company earned $1.95 earnings per share. The business's revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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