Victory Capital Management Inc. Has $30.24 Million Stake in Berry Global Group, Inc. (NYSE:BERY)

Victory Capital Management Inc. lowered its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 448,700 shares of the industrial products company’s stock after selling 3,052 shares during the quarter. Victory Capital Management Inc.’s holdings in Berry Global Group were worth $30,238,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BERY. GAMMA Investing LLC bought a new position in Berry Global Group during the 4th quarter worth about $31,000. First Horizon Advisors Inc. raised its position in Berry Global Group by 69.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 546 shares of the industrial products company’s stock valued at $34,000 after buying an additional 224 shares during the last quarter. Blue Trust Inc. lifted its stake in Berry Global Group by 203.7% in the 4th quarter. Blue Trust Inc. now owns 650 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 436 shares in the last quarter. SG Americas Securities LLC acquired a new position in Berry Global Group during the 3rd quarter worth approximately $101,000. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Berry Global Group during the 3rd quarter worth approximately $102,000. Institutional investors own 95.36% of the company’s stock.

Insider Buying and Selling

In other news, Director Peter T. Thomas acquired 2,000 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $56.00 per share, with a total value of $112,000.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at approximately $112,000. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Berry Global Group news, Director Peter T. Thomas acquired 2,000 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average price of $56.00 per share, for a total transaction of $112,000.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $112,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan F. Foster acquired 1,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $58.49 per share, with a total value of $58,490.00. Following the acquisition, the director now directly owns 5,728 shares in the company, valued at $335,030.72. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by insiders.

Berry Global Group Stock Performance

NYSE BERY opened at $60.95 on Wednesday. The stock has a market cap of $7.06 billion, a PE ratio of 13.11, a P/E/G ratio of 0.80 and a beta of 1.24. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.95 and a current ratio of 1.67. The firm has a 50-day moving average of $58.66 and a 200-day moving average of $61.55. Berry Global Group, Inc. has a 52-week low of $53.92 and a 52-week high of $69.93.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.07). Berry Global Group had a return on equity of 26.79% and a net margin of 4.51%. The firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The company’s revenue was down 6.8% on a year-over-year basis. On average, sell-side analysts anticipate that Berry Global Group, Inc. will post 7.38 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group raised their target price on shares of Berry Global Group from $76.00 to $89.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. TheStreet downgraded Berry Global Group from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. Mizuho dropped their price objective on Berry Global Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Wolfe Research initiated coverage on shares of Berry Global Group in a research note on Friday, March 1st. They issued a “peer perform” rating for the company. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $62.00 price target (down from $72.00) on shares of Berry Global Group in a research report on Friday, March 15th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $72.00.

Berry Global Group Company 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.