Russell Investments Group Ltd. Has $1.53 Million Holdings in Berry Global Group Inc (BERY)

Russell Investments Group Ltd. trimmed its holdings in shares of Berry Global Group Inc (NYSE:BERY) by 14.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,575 shares of the industrial products company’s stock after selling 5,375 shares during the period. Russell Investments Group Ltd.’s holdings in Berry Global Group were worth $1,528,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. First Republic Investment Management Inc. raised its stake in shares of Berry Global Group by 5.6% during the second quarter. First Republic Investment Management Inc. now owns 24,033 shares of the industrial products company’s stock valued at $1,104,000 after acquiring an additional 1,282 shares during the last quarter. US Bancorp DE raised its stake in Berry Global Group by 6.8% in the second quarter. US Bancorp DE now owns 22,939 shares of the industrial products company’s stock worth $1,054,000 after buying an additional 1,462 shares in the last quarter. Alps Advisors Inc. raised its stake in Berry Global Group by 18.5% in the third quarter. Alps Advisors Inc. now owns 9,670 shares of the industrial products company’s stock worth $468,000 after buying an additional 1,513 shares in the last quarter. MAI Capital Management raised its stake in Berry Global Group by 40.1% in the second quarter. MAI Capital Management now owns 6,237 shares of the industrial products company’s stock worth $287,000 after buying an additional 1,785 shares in the last quarter. Finally, Advisors Capital Management LLC raised its stake in Berry Global Group by 3.3% in the second quarter. Advisors Capital Management LLC now owns 56,761 shares of the industrial products company’s stock worth $2,608,000 after buying an additional 1,824 shares in the last quarter. 95.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE BERY opened at $50.00 on Friday. Berry Global Group Inc has a fifty-two week low of $40.50 and a fifty-two week high of $61.71. The company has a market cap of $6.49 billion, a price-to-earnings ratio of 14.84, a price-to-earnings-growth ratio of 0.78 and a beta of 1.22. The company has a quick ratio of 1.13, a current ratio of 1.85 and a debt-to-equity ratio of 4.05.

Berry Global Group (NYSE:BERY) last announced its earnings results on Thursday, November 15th. The industrial products company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.02. Berry Global Group had a net margin of 6.30% and a return on equity of 34.77%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.01 billion. On average, sell-side analysts anticipate that Berry Global Group Inc will post 3.78 EPS for the current year.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research reissued a “sell” rating on shares of Berry Global Group in a research note on Monday, November 12th. TheStreet raised shares of Berry Global Group from a “c+” rating to a “b” rating in a research note on Monday, November 19th. ValuEngine raised shares of Berry Global Group from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. Citigroup increased their price target on shares of Berry Global Group from $56.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, November 16th. Finally, Cfra reissued a “buy” rating and issued a $57.00 price target on shares of Berry Global Group in a research note on Thursday, September 6th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $63.57.

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Berry Global Group Company Profile

Berry Global Group, Inc manufactures and distributes engineered materials, nonwoven specialty materials, and consumer packaging products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. It offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, vinyl-coated and carton sealing, electrical, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

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

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