Berry Global Group, Inc. (NYSE:BERY) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC grew its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 78.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,843 shares of the industrial products company’s stock after acquiring an additional 39,110 shares during the quarter. Janus Henderson Group PLC owned about 0.08% of Berry Global Group worth $5,749,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of BERY. UMB Bank n.a. raised its stake in Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 306 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Berry Global Group by 28.8% during the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 165 shares during the period. Steward Partners Investment Advisory LLC raised its stake in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 821 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Berry Global Group by 463.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 876 shares during the period. Finally, Atlas Capital Advisors Inc. lifted its holdings in Berry Global Group by 7,390.9% in the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 1,626 shares during the period. Institutional investors own 95.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group raised their target price on shares of Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. StockNews.com assumed coverage on shares of Berry Global Group in a research note on Monday, May 12th. They set a “buy” rating on the stock. Finally, Truist Financial cut their target price on Berry Global Group from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.29.

Berry Global Group Stock Down 2.8%

NYSE BERY opened at $67.69 on Monday. Berry Global Group, Inc. has a 12 month low of $57.52 and a 12 month high of $74.24. The company has a market capitalization of $7.84 billion, a P/E ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. The company’s 50 day simple moving average is $68.00 and its 200 day simple moving average is $68.44. The company has a debt-to-equity ratio of 3.35, a current ratio of 1.61 and a quick ratio of 1.09.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.03. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the company earned $1.95 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. Equities research analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

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.