Quantbot Technologies LP Sells 952 Shares of Berry Global Group, Inc. (NYSE:BERY)

Quantbot Technologies LP lessened its holdings in Berry Global Group, Inc. (NYSE:BERY) by 23.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,057 shares of the industrial products company’s stock after selling 952 shares during the period. Quantbot Technologies LP’s holdings in Berry Global Group were worth $198,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in BERY. Virtu Financial LLC purchased a new stake in Berry Global Group during the fourth quarter valued at approximately $1,922,000. Magnetar Financial LLC bought a new stake in shares of Berry Global Group during the 4th quarter valued at $71,882,000. Decagon Asset Management LLP purchased a new stake in shares of Berry Global Group in the 4th quarter worth $8,926,000. Harvest Fund Management Co. Ltd raised its holdings in Berry Global Group by 25,814.3% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 1,814 shares of the industrial products company’s stock worth $117,000 after purchasing an additional 1,807 shares during the period. Finally, Chesapeake Capital Corp IL lifted its position in Berry Global Group by 8.5% during the fourth quarter. Chesapeake Capital Corp IL now owns 10,192 shares of the industrial products company’s stock valued at $659,000 after purchasing an additional 799 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Down 0.8 %

NYSE BERY opened at $69.46 on Friday. 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 12 month low of $55.24 and a 12 month high of $74.24. The stock’s 50 day moving average is $70.20 and its 200 day moving average is $68.62. The stock has a market cap of $8.04 billion, a PE ratio of 17.32, a P/E/G ratio of 1.54 and a beta of 1.13.

Berry Global Group (NYSE:BERY) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. Berry Global Group’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.22 earnings per share. Research analysts predict that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.31 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.79%. Berry Global Group’s payout ratio is 30.92%.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com initiated coverage on Berry Global Group in a research report on Tuesday, March 25th. They issued a “buy” rating for the company. Truist Financial increased their target price on shares of Berry Global Group from $74.00 to $76.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Finally, UBS Group raised their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $74.56.

Berry Global Group Profile

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.