Captrust Financial Advisors increased its position in Berry Global Group, Inc. (NYSE:BERY) by 19.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,557 shares of the industrial products company’s stock after buying an additional 1,737 shares during the quarter. Captrust Financial Advisors’ holdings in Berry Global Group were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in the company. Clark Capital Management Group Inc. increased its stake in shares of Berry Global Group by 45.4% in the first quarter. Clark Capital Management Group Inc. now owns 18,482 shares of the industrial products company’s stock valued at $1,135,000 after buying an additional 5,767 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Berry Global Group in the first quarter valued at approximately $921,000. Ameriprise Financial Inc. increased its stake in shares of Berry Global Group by 189.9% in the first quarter. Ameriprise Financial Inc. now owns 52,079 shares of the industrial products company’s stock valued at $3,197,000 after buying an additional 34,114 shares during the period. HRT Financial LP acquired a new stake in Berry Global Group during the 1st quarter valued at approximately $470,000. Finally, Fox Run Management L.L.C. acquired a new stake in Berry Global Group during the 1st quarter valued at approximately $258,000. 96.11% of the stock is owned by institutional investors.
Shares of BERY opened at $64.08 on Thursday. Berry Global Group, Inc. has a 12-month low of $45.68 and a 12-month high of $70.90. The stock has a fifty day moving average price of $66.63. The company has a current ratio of 1.73, a quick ratio of 1.10 and a debt-to-equity ratio of 3.71. The company has a market cap of $8.59 billion, a PE ratio of 12.47, a P/E/G ratio of 1.11 and a beta of 1.32.
In other Berry Global Group news, Director Carl J. Rickertsen sold 11,000 shares of the firm’s stock in a transaction on Thursday, May 6th. The stock was sold at an average price of $67.02, for a total transaction of $737,220.00. Following the transaction, the director now directly owns 11,000 shares in the company, valued at approximately $737,220. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark W. Miles sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 5th. The shares were sold at an average price of $66.05, for a total value of $1,321,000.00. Following the transaction, the chief financial officer now owns 25,000 shares in the company, valued at $1,651,250. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 100,000 shares of company stock worth $6,628,780. Company insiders own 2.40% of the company’s stock.
A number of analysts have weighed in on BERY shares. Jefferies Financial Group increased their target price on shares of Berry Global Group from $70.00 to $73.00 in a research report on Thursday, April 15th. The Goldman Sachs Group started coverage on shares of Berry Global Group in a research report on Friday, April 9th. They set a “buy” rating and a $75.00 target price for the company. Morgan Stanley increased their target price on shares of Berry Global Group from $65.00 to $71.00 and gave the company an “equal weight” rating in a research report on Monday, May 10th. BMO Capital Markets increased their target price on shares of Berry Global Group from $78.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, May 21st. Finally, Wells Fargo & Company increased their price target on Berry Global Group from $72.00 to $80.00 in a report on Wednesday, May 5th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $70.46.
About Berry Global Group
Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. Its Consumer Packaging International segment offers closures, dispensing systems, and applicators; inhalers and dose counters; polythene films; packaging solutions for consumer and industrial applications in personal care, beverage, and food markets; injection molded and thermoformed containers, and lids; and molds and molded components, as well as recycles rigid and flexible end of life materials from industrial and consumer sources.
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