Summit Trail Advisors LLC Purchases 1,521 Shares of Berry Global Group, Inc. (NYSE:BERY)

Summit Trail Advisors LLC grew its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 44.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,944 shares of the industrial products company’s stock after buying an additional 1,521 shares during the period. Summit Trail Advisors LLC’s holdings in Berry Global Group were worth $345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in shares of Berry Global Group by 66.8% in the first quarter. Bessemer Group Inc. now owns 507 shares of the industrial products company’s stock valued at $36,000 after buying an additional 203 shares during the period. Quadrant Capital Group LLC raised its holdings in Berry Global Group by 28.8% in the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 165 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 821 shares during the period. UMB Bank n.a. grew its holdings in shares of Berry Global Group by 92.2% during the 1st quarter. UMB Bank n.a. now owns 1,249 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 599 shares in the last quarter. Finally, Atlas Capital Advisors Inc. grew its holdings in shares of Berry Global Group by 7,390.9% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Stock Down 2.8%

BERY stock opened at $67.69 on Thursday. The firm has a 50-day moving average price of $67.79 and a 200-day moving average price of $68.11. Berry Global Group, Inc. has a 12 month low of $57.87 and a 12 month high of $74.24. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. The stock has a market capitalization of $7.84 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BERY shares. Wall Street Zen assumed coverage on shares of Berry Global Group in a research report on Tuesday, May 20th. They set a “buy” rating for the company. Truist Financial dropped their target price on shares of 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Berry Global Group presently has an average rating of “Hold” and an average target price of $74.29.

About Berry Global Group

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.