First National Bank of Omaha increased its stake in shares of Berry Global Group Inc (NYSE:BERY) by 22.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,003 shares of the industrial products company’s stock after buying an additional 13,451 shares during the quarter. First National Bank of Omaha owned about 0.06% of Berry Global Group worth $2,867,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Heritage Wealth Advisors acquired a new position in Berry Global Group during the second quarter valued at $47,000. Usca Ria LLC acquired a new position in shares of Berry Global Group in the third quarter worth about $51,000. FTB Advisors Inc. raised its position in shares of Berry Global Group by 55.9% in the third quarter. FTB Advisors Inc. now owns 1,386 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 497 shares during the period. Captrust Financial Advisors raised its position in shares of Berry Global Group by 10.9% in the second quarter. Captrust Financial Advisors now owns 3,667 shares of the industrial products company’s stock worth $193,000 after acquiring an additional 359 shares during the period. Finally, Arden Trust Co raised its position in shares of Berry Global Group by 14.6% in the third quarter. Arden Trust Co now owns 5,604 shares of the industrial products company’s stock worth $221,000 after acquiring an additional 713 shares during the period. 94.86% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on BERY shares. TheStreet downgraded shares of Berry Global Group from a “b” rating to a “c+” rating in a research report on Tuesday, July 30th. Bank of America upgraded shares of Berry Global Group from a “neutral” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Wednesday, September 25th. They noted that the move was a valuation call. Goldman Sachs Group restated a “buy” rating and set a $52.00 price target on shares of Berry Global Group in a research report on Thursday, August 22nd. Wells Fargo & Co started coverage on shares of Berry Global Group in a research report on Wednesday, July 24th. They set an “outperform” rating and a $65.00 price target for the company. Finally, JPMorgan Chase & Co. started coverage on shares of Berry Global Group in a research report on Tuesday, July 16th. They set an “overweight” rating and a $63.00 price target for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $59.38.
NYSE BERY traded up $0.40 during trading hours on Friday, hitting $41.95. 863,283 shares of the company’s stock traded hands, compared to its average volume of 1,006,995. Berry Global Group Inc has a 52-week low of $36.98 and a 52-week high of $59.16. The company has a market capitalization of $5.50 billion, a PE ratio of 12.45, a PEG ratio of 0.93 and a beta of 1.26. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.88 and a quick ratio of 1.14. The firm’s 50-day moving average is $39.85 and its 200-day moving average is $46.11.
About Berry Global Group
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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