Zacks Investment Management acquired a new stake in Berry Global Group Inc (NYSE:BERY) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 60,160 shares of the industrial products company’s stock, valued at approximately $2,764,000.

Other hedge funds also recently added to or reduced their stakes in the company. Park West Asset Management LLC acquired a new position in shares of Berry Global Group in the 1st quarter worth approximately $50,481,000. Canyon Capital Advisors LLC boosted its holdings in shares of Berry Global Group by 11.1% in the 1st quarter. Canyon Capital Advisors LLC now owns 6,438,430 shares of the industrial products company’s stock worth $352,890,000 after acquiring an additional 643,825 shares in the last quarter. Epoch Investment Partners Inc. boosted its holdings in shares of Berry Global Group by 68.3% in the 1st quarter. Epoch Investment Partners Inc. now owns 895,964 shares of the industrial products company’s stock worth $49,108,000 after acquiring an additional 363,664 shares in the last quarter. GW&K Investment Management LLC acquired a new position in shares of Berry Global Group in the 1st quarter worth approximately $17,711,000. Finally, Millennium Management LLC boosted its holdings in shares of Berry Global Group by 18.6% in the 1st quarter. Millennium Management LLC now owns 1,943,440 shares of the industrial products company’s stock worth $106,520,000 after acquiring an additional 304,292 shares in the last quarter. Institutional investors own 93.92% of the company’s stock.

BERY stock opened at $48.63 on Thursday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 1.19 and a current ratio of 2.01. The firm has a market capitalization of $6.36 billion, a PE ratio of 15.84, a P/E/G ratio of 0.72 and a beta of 1.05. Berry Global Group Inc has a twelve month low of $45.24 and a twelve month high of $61.71.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings results on Friday, August 3rd. The industrial products company reported $0.96 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.09). The company had revenue of $2.07 billion during the quarter, compared to analyst estimates of $2.06 billion. Berry Global Group had a net margin of 6.15% and a return on equity of 35.88%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the company earned $0.93 EPS. analysts expect that Berry Global Group Inc will post 3.36 earnings per share for the current fiscal year.

Several brokerages have recently commented on BERY. Cfra reissued a “buy” rating and issued a $57.00 target price on shares of Berry Global Group in a report on Thursday, September 6th. ValuEngine downgraded Berry Global Group from a “sell” rating to a “strong sell” rating in a report on Friday, June 1st. Zacks Investment Research raised Berry Global Group from a “sell” rating to a “hold” rating in a report on Thursday, May 24th. Jefferies Financial Group started coverage on Berry Global Group in a report on Friday, May 18th. They set a “buy” rating and a $67.00 price objective on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of Berry Global Group in a report on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $65.75.

Berry Global Group 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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