Goldman Sachs Group Inc. Purchases 55,228 Shares of Berry Global Group Inc (BERY)

Goldman Sachs Group Inc. lifted its position in Berry Global Group Inc (NYSE:BERY) by 2.0% in the 4th quarter, HoldingsChannel reports. The fund owned 2,827,715 shares of the industrial products company’s stock after buying an additional 55,228 shares during the period. Goldman Sachs Group Inc.’s holdings in Berry Global Group were worth $165,902,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC raised its holdings in Berry Global Group by 9.6% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 12,061 shares of the industrial products company’s stock worth $708,000 after purchasing an additional 1,061 shares in the last quarter. Aperio Group LLC raised its holdings in Berry Global Group by 12.9% in the fourth quarter. Aperio Group LLC now owns 10,590 shares of the industrial products company’s stock worth $621,000 after purchasing an additional 1,208 shares in the last quarter. Amalgamated Bank raised its holdings in Berry Global Group by 5.8% in the fourth quarter. Amalgamated Bank now owns 25,923 shares of the industrial products company’s stock worth $1,521,000 after purchasing an additional 1,431 shares in the last quarter. Highland Capital Management LLC raised its holdings in Berry Global Group by 22.2% in the fourth quarter. Highland Capital Management LLC now owns 8,497 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 1,546 shares in the last quarter. Finally, Bluestein R H & Co. raised its holdings in Berry Global Group by 27.1% in the fourth quarter. Bluestein R H & Co. now owns 7,500 shares of the industrial products company’s stock worth $440,000 after purchasing an additional 1,600 shares in the last quarter. Hedge funds and other institutional investors own 94.86% of the company’s stock.

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Shares of Berry Global Group Inc (BERY) opened at $55.71 on Monday. The company has a market capitalization of $7,309.15, a P/E ratio of 16.68, a P/E/G ratio of 0.73 and a beta of 1.04. Berry Global Group Inc has a 52-week low of $47.19 and a 52-week high of $61.71. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.72 and a quick ratio of 0.96.

Berry Global Group (NYSE:BERY) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.02. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.79 billion. Berry Global Group had a return on equity of 47.10% and a net margin of 6.13%. Berry Global Group’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.50 earnings per share. equities analysts expect that Berry Global Group Inc will post 3.79 EPS for the current year.

In related news, Director Paula A. Sneed acquired 1,000 shares of the stock in a transaction on Monday, March 5th. The shares were acquired at an average price of $53.63 per share, for a total transaction of $53,630.00. Following the transaction, the director now owns 1,050 shares in the company, valued at approximately $56,311.50. The purchase was disclosed in a filing with the SEC, which is available through this link. 3.00% of the stock is owned by corporate insiders.

BERY has been the subject of a number of recent research reports. Robert W. Baird boosted their target price on shares of Berry Global Group from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, November 17th. Bank of America boosted their target price on shares of Berry Global Group from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a report on Monday, February 12th. Barclays reduced their target price on shares of Berry Global Group from $71.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, February 12th. Finally, BidaskClub downgraded shares of Berry Global Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. Berry Global Group presently has a consensus rating of “Buy” and a consensus price target of $68.00.

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Berry Global Group Profile

Berry Global Group, Inc, formerly Berry Plastics Group, Inc, is a provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The Company offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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