Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Berry Global Group Inc (NYSE:BERY) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,996 shares of the industrial products company’s stock after acquiring an additional 744 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Berry Global Group were worth $428,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in Berry Global Group during the fourth quarter worth approximately $39,000. Cornerstone Advisors Inc. increased its position in Berry Global Group by 42.6% during the third quarter. Cornerstone Advisors Inc. now owns 900 shares of the industrial products company’s stock worth $44,000 after buying an additional 269 shares during the period. Tower Research Capital LLC TRC acquired a new position in Berry Global Group during the second quarter worth approximately $105,000. First Hawaiian Bank acquired a new position in Berry Global Group during the third quarter worth approximately $129,000. Finally, Nisa Investment Advisors LLC acquired a new position in Berry Global Group during the third quarter worth approximately $145,000. 95.39% of the stock is currently owned by institutional investors.

Shares of BERY stock opened at $49.70 on Friday. Berry Global Group Inc has a twelve month low of $40.50 and a twelve month high of $57.18. The company has a market capitalization of $6.60 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 1.31 and a beta of 1.03. The company has a current ratio of 1.87, a quick ratio of 1.13 and a debt-to-equity ratio of 3.92.

Berry Global Group (NYSE:BERY) last announced its earnings results on Friday, February 1st. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.04. Berry Global Group had a return on equity of 33.85% and a net margin of 5.22%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period last year, the business posted $0.67 EPS. The company’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts expect that Berry Global Group Inc will post 3.86 EPS for the current year.

In other Berry Global Group news, EVP Jason K. Greene sold 10,000 shares of Berry Global Group stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $50.05, for a total value of $500,500.00. Following the transaction, the executive vice president now directly owns 750 shares in the company, valued at approximately $37,537.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Several research firms have commented on BERY. ValuEngine raised Berry Global Group from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Zacks Investment Research raised Berry Global Group from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. Morgan Stanley began coverage on Berry Global Group in a research note on Wednesday, January 16th. They issued an “equal weight” rating and a $53.00 target price on the stock. Citigroup lifted their target price on Berry Global Group from $56.00 to $59.00 and gave the company a “buy” rating in a research note on Friday, November 16th. Finally, TheStreet upgraded Berry Global Group from a “c+” rating to a “b” rating in a research note on Monday, November 19th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $61.75.

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Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment 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, flashing and seaming tapes, 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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