Northern Trust Corp Sells 16,075 Shares of Pactiv Evergreen Inc. (NASDAQ:PTVE)

Northern Trust Corp cut its stake in Pactiv Evergreen Inc. (NASDAQ:PTVE) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 433,382 shares of the company’s stock after selling 16,075 shares during the period. Northern Trust Corp’s holdings in Pactiv Evergreen were worth $7,571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PTVE. Assenagon Asset Management S.A. grew its position in shares of Pactiv Evergreen by 111.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 145,240 shares of the company’s stock worth $2,537,000 after buying an additional 76,440 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Pactiv Evergreen during the 4th quarter worth approximately $270,000. Blue Trust Inc. grew its position in shares of Pactiv Evergreen by 1,590.7% during the 4th quarter. Blue Trust Inc. now owns 7,963 shares of the company’s stock worth $139,000 after buying an additional 7,492 shares during the period. Rhumbline Advisers grew its position in shares of Pactiv Evergreen by 2.2% during the 4th quarter. Rhumbline Advisers now owns 70,786 shares of the company’s stock worth $1,237,000 after buying an additional 1,538 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Pactiv Evergreen by 8.4% during the 4th quarter. Principal Financial Group Inc. now owns 21,614 shares of the company’s stock worth $378,000 after buying an additional 1,684 shares during the period. 22.23% of the stock is owned by institutional investors.

Pactiv Evergreen Price Performance

Shares of NASDAQ:PTVE opened at $18.01 on Monday. Pactiv Evergreen Inc. has a one year low of $8.83 and a one year high of $18.03. The company has a 50 day moving average of $17.99 and a 200-day moving average of $16.88. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.93 and a quick ratio of 1.04. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of -19.58, a P/E/G ratio of 1.47 and a beta of 1.24.

Pactiv Evergreen Profile

Pactiv Evergreen Inc manufactures and distributes fresh foodservice and food merchandising products, and fresh beverage cartons in the United States, rest of North America, and internationally. It operates in two segments, Foodservice, and Food and Beverage Merchandising. The Foodservice segment offers food containers; drinkware, such as hot and cold cups and lids; and tableware, service ware, and other products.