Anchor Bolt Capital LP grew its stake in Berry Global Group Inc (NYSE:BERY) by 124.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,240,092 shares of the industrial products company’s stock after acquiring an additional 1,244,171 shares during the quarter. Berry Global Group comprises approximately 7.5% of Anchor Bolt Capital LP’s portfolio, making the stock its 2nd biggest holding. Anchor Bolt Capital LP owned approximately 1.72% of Berry Global Group worth $106,472,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the company. Canyon Capital Advisors LLC lifted its position in Berry Global Group by 9.6% during the third quarter. Canyon Capital Advisors LLC now owns 8,670,022 shares of the industrial products company’s stock worth $419,542,000 after buying an additional 759,742 shares during the period. Marshall Wace LLP lifted its position in Berry Global Group by 130.4% during the third quarter. Marshall Wace LLP now owns 633,510 shares of the industrial products company’s stock worth $30,656,000 after buying an additional 358,588 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Berry Global Group by 8.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,145,573 shares of the industrial products company’s stock worth $197,038,000 after buying an additional 328,906 shares during the period. Dimensional Fund Advisors LP lifted its position in Berry Global Group by 43.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,072,644 shares of the industrial products company’s stock worth $50,981,000 after buying an additional 324,037 shares during the period. Finally, Epoch Investment Partners Inc. lifted its position in Berry Global Group by 27.0% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,500,561 shares of the industrial products company’s stock worth $71,321,000 after buying an additional 318,639 shares during the period. Institutional investors and hedge funds own 96.33% of the company’s stock.

Berry Global Group stock opened at $55.06 on Friday. The stock has a market capitalization of $7.24 billion, a PE ratio of 16.34, a PEG ratio of 1.43 and a beta of 1.01. The company has a current ratio of 1.87, a quick ratio of 1.06 and a debt-to-equity ratio of 3.92. Berry Global Group Inc has a 12 month low of $40.50 and a 12 month high of $57.00.

Berry Global Group (NYSE:BERY) last released its quarterly earnings data on Friday, February 1st. The industrial products company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.04. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. Berry Global Group had a return on equity of 33.85% and a net margin of 5.22%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.67 EPS. On average, equities analysts forecast that Berry Global Group Inc will post 3.85 earnings per share for the current fiscal year.

In other news, EVP Jason K. Greene sold 10,000 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $55.00, for a total value of $550,000.00. Following the completion of the sale, the executive vice president now owns 10,250 shares in the company, valued at $563,750. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jason K. Greene sold 2,545 shares of the stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $52.50, for a total value of $133,612.50. Following the completion of the sale, the executive vice president now owns 2,595 shares of the company’s stock, valued at approximately $136,237.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 30,000 shares of company stock worth $1,576,469. Company insiders own 1.60% of the company’s stock.

Several equities analysts recently weighed in on the company. TheStreet upgraded Berry Global Group from a “c+” rating to a “b” rating in a research report on Monday, November 19th. Zacks Investment Research upgraded Berry Global Group from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. ValuEngine upgraded Berry Global Group from a “sell” rating to a “hold” rating in a report on Friday, November 23rd. Morgan Stanley assumed coverage on Berry Global Group in a report on Wednesday, January 16th. They issued an “equal weight” rating and a $53.00 price objective on the stock. Finally, Citigroup raised their price objective on Berry Global Group from $56.00 to $59.00 and gave the stock a “buy” rating in a report on Friday, November 16th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $62.56.

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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.

Further Reading: Return On Assets

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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