LSV Asset Management Has $257.45 Million Stake in Berry Global Group, Inc. (NYSE:BERY)

LSV Asset Management trimmed its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,981,019 shares of the industrial products company’s stock after selling 122,500 shares during the period. LSV Asset Management owned 3.44% of Berry Global Group worth $257,452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BERY. Norges Bank acquired a new stake in Berry Global Group during the 4th quarter valued at $91,526,000. Magnetar Financial LLC acquired a new stake in Berry Global Group during the 4th quarter valued at $71,882,000. Alpine Associates Management Inc. acquired a new stake in Berry Global Group during the 4th quarter valued at $38,323,000. Calamos Advisors LLC acquired a new stake in Berry Global Group during the 4th quarter valued at $35,568,000. Finally, State Street Corp increased its holdings in Berry Global Group by 10.4% during the 3rd quarter. State Street Corp now owns 3,831,824 shares of the industrial products company’s stock valued at $260,487,000 after purchasing an additional 360,857 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Stock Up 5.3 %

NYSE:BERY opened at $65.00 on Thursday. Berry Global Group, Inc. has a 12-month low of $55.24 and a 12-month high of $74.24. 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 firm has a market capitalization of $7.53 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.54 and a beta of 1.14. The stock’s fifty day simple moving average is $69.80 and its 200-day simple moving average is $68.57.

Berry Global Group (NYSE:BERY) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.09. The firm had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 earnings per share. Equities research analysts expect that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.31 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.24 annualized dividend and a yield of 1.91%. Berry Global Group’s dividend payout ratio is presently 30.92%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BERY shares. StockNews.com started coverage on Berry Global Group in a research note on Thursday. They issued a “buy” rating for the company. UBS Group lifted their target price on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, Truist Financial lifted their target price on Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $74.56.

Berry Global Group 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.