Retirement Systems of Alabama Raises Holdings in Berry Global Group, Inc. (NYSE:BERY)

Retirement Systems of Alabama grew its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 140,942 shares of the industrial products company’s stock after purchasing an additional 1,599 shares during the quarter. Retirement Systems of Alabama owned approximately 0.12% of Berry Global Group worth $9,839,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in BERY. Quadrant Capital Group LLC grew its holdings in shares of Berry Global Group by 28.8% during the fourth quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 165 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in shares of Berry Global Group by 3,569.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock worth $55,000 after buying an additional 821 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Berry Global Group by 463.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock worth $69,000 after buying an additional 876 shares during the period. UMB Bank n.a. boosted its stake in shares of Berry Global Group by 92.2% during the first quarter. UMB Bank n.a. now owns 1,249 shares of the industrial products company’s stock worth $87,000 after buying an additional 599 shares during the period. Finally, Atlas Capital Advisors Inc. boosted its stake in shares of Berry Global Group by 7,390.9% during the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company’s stock worth $107,000 after buying an additional 1,626 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Price Performance

Shares of NYSE:BERY opened at $67.69 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.61 and a debt-to-equity ratio of 3.35. The company has a market cap of $7.84 billion, a P/E ratio of 16.88, a PEG ratio of 1.54 and a beta of 1.14. Berry Global Group, Inc. has a 52 week low of $57.80 and a 52 week high of $74.24. The company has a 50-day moving average price of $67.80 and a 200 day moving average price of $68.16.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. The firm 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 last year, the firm earned $1.95 earnings per share. Research analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Wall Street Analyst Weigh In

BERY has been the subject of several recent research reports. Truist Financial decreased 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 note on Tuesday, April 22nd. Wall Street Zen initiated coverage on shares of Berry Global Group in a research note on Tuesday, May 20th. They set a “buy” rating for the company. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $74.29.

Berry Global Group Company Profile

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.