Amalgamated Bank Sells 1,324 Shares of Berry Global Group, Inc. (NYSE:BERY)

Amalgamated Bank decreased its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 2.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 53,285 shares of the industrial products company’s stock after selling 1,324 shares during the quarter. Amalgamated Bank’s holdings in Berry Global Group were worth $3,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its holdings in shares of Berry Global Group by 66.8% during the 1st quarter. Bessemer Group Inc. now owns 507 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 203 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Berry Global Group by 28.8% during the 4th 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 in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 821 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Berry Global Group by 92.2% during the 1st quarter. UMB Bank n.a. now owns 1,249 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 599 shares in the last quarter. Finally, Atlas Capital Advisors Inc. grew its holdings in shares of Berry Global Group by 7,390.9% during the 4th quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 1,626 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Down 2.8%

BERY stock opened at $67.69 on Friday. The stock has a market capitalization of $7.84 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The company has a current ratio of 1.61, a quick ratio of 1.09 and a debt-to-equity ratio of 3.35. Berry Global Group, Inc. has a 12 month low of $57.87 and a 12 month high of $74.24. The firm has a 50-day moving average price of $67.75 and a 200-day moving average price of $68.11.

Berry Global Group (NYSE:BERY) last posted its earnings results on Wednesday, April 30th. The industrial products company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.03. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.60 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.95 earnings per share. As a group, equities research analysts anticipate that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on BERY shares. Truist Financial reduced their price objective on Berry Global Group from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen began coverage on shares of Berry Global Group in a report on Tuesday, May 20th. They issued a “buy” rating for the company. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $74.29.

About Berry Global Group

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.