Great West Life Assurance Co. Can Has $991,000 Position in Berry Global Group Inc (NYSE:BERY)

Great West Life Assurance Co. Can increased its holdings in Berry Global Group Inc (NYSE:BERY) by 15.8% during the 1st quarter, Holdings Channel reports. The firm owned 18,446 shares of the industrial products company’s stock after purchasing an additional 2,522 shares during the period. Great West Life Assurance Co. Can’s holdings in Berry Global Group were worth $991,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Private Capital Group LLC lifted its holdings in Berry Global Group by 236.5% in the first quarter. Private Capital Group LLC now owns 1,033 shares of the industrial products company’s stock valued at $56,000 after buying an additional 726 shares during the period. Enlightenment Research LLC acquired a new position in Berry Global Group in the fourth quarter valued at $57,000. First Interstate Bank lifted its holdings in Berry Global Group by 29.6% in the first quarter. First Interstate Bank now owns 1,509 shares of the industrial products company’s stock valued at $81,000 after buying an additional 345 shares during the period. Acadian Asset Management LLC acquired a new position in Berry Global Group in the fourth quarter valued at $132,000. Finally, First Hawaiian Bank lifted its holdings in Berry Global Group by 49.7% in the first quarter. First Hawaiian Bank now owns 2,522 shares of the industrial products company’s stock valued at $136,000 after buying an additional 837 shares during the period. 95.64% of the stock is currently owned by institutional investors.

In other news, EVP Jason K. Greene sold 10,000 shares of the company’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $57.50, for a total transaction of $575,000.00. Following the transaction, the executive vice president now owns 10,250 shares in the company, valued at $589,375. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Several equities analysts recently issued reports on BERY shares. BMO Capital Markets boosted their target price on shares of Berry Global Group from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Monday, March 11th. Morgan Stanley set a $60.00 target price on shares of Berry Global Group and gave the company a “hold” rating in a report on Wednesday, April 17th. Bank of America started coverage on shares of Berry Global Group in a report on Thursday, May 23rd. They issued a “buy” rating on the stock. Finally, Zacks Investment Research lowered shares of Berry Global Group from a “hold” rating to a “sell” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $60.40.

Shares of NYSE BERY opened at $50.16 on Friday. Berry Global Group Inc has a 1-year low of $40.50 and a 1-year high of $59.16. The stock has a market cap of $6.57 billion, a PE ratio of 14.88, a P/E/G ratio of 1.41 and a beta of 1.18. The company has a current ratio of 2.01, a quick ratio of 1.19 and a debt-to-equity ratio of 3.72.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.84 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.14). Berry Global Group had a net margin of 5.03% and a return on equity of 32.42%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the company posted $0.84 EPS. Berry Global Group’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts anticipate that Berry Global Group Inc will post 3.54 EPS for the current year.

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Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment 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, flashing and seaming tapes, 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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