Lyrical Asset Management LP Has $158.75 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Lyrical Asset Management LP increased its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,825,140 shares of the industrial products company’s stock after purchasing an additional 31,992 shares during the quarter. Berry Global Group comprises approximately 2.2% of Lyrical Asset Management LP’s portfolio, making the stock its 19th biggest holding. Lyrical Asset Management LP’s holdings in Berry Global Group were worth $158,745,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in BERY. NEXT Financial Group Inc acquired a new stake in Berry Global Group during the 3rd quarter worth approximately $51,000. Heritage Wealth Advisors lifted its holdings in Berry Global Group by 104.2% during the 4th quarter. Heritage Wealth Advisors now owns 931 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 475 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in Berry Global Group in the 4th quarter valued at $174,000. Fieldpoint Private Securities LLC acquired a new position in Berry Global Group in the 4th quarter valued at $190,000. Finally, CENTRAL TRUST Co acquired a new position in Berry Global Group in the 3rd quarter valued at $201,000. 95.53% of the stock is owned by institutional investors and hedge funds.

In other Berry Global Group news, EVP Jason K. Greene sold 15,000 shares of the company’s stock in a transaction dated Tuesday, February 9th. The stock was sold at an average price of $60.00, for a total value of $900,000.00. Following the sale, the executive vice president now owns 15,250 shares in the company, valued at approximately $915,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Curt Begle sold 18,000 shares of the company’s stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $59.00, for a total value of $1,062,000.00. Following the completion of the sale, the president now owns 18,000 shares in the company, valued at approximately $1,062,000. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Several brokerages have weighed in on BERY. BMO Capital Markets lifted their price objective on Berry Global Group from $60.00 to $68.00 and gave the company an “outperform” rating in a report on Monday, February 8th. Citigroup lifted their price objective on Berry Global Group from $67.00 to $70.00 in a report on Tuesday, February 9th. Robert W. Baird lifted their price objective on Berry Global Group from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, November 20th. They noted that the move was a valuation call. Morgan Stanley lifted their price objective on Berry Global Group from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, February 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Berry Global Group from $62.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 20th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $63.80.

BERY stock traded down $0.42 during midday trading on Tuesday, reaching $55.95. 3,683 shares of the stock were exchanged, compared to its average volume of 1,059,150. The stock has a market capitalization of $7.49 billion, a PE ratio of 13.58, a P/E/G ratio of 1.00 and a beta of 1.37. Berry Global Group, Inc. has a 52 week low of $25.00 and a 52 week high of $61.00. The company has a debt-to-equity ratio of 4.86, a current ratio of 1.75 and a quick ratio of 1.17. The company has a fifty day moving average price of $54.48 and a 200 day moving average price of $52.63.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Thursday, February 4th. The industrial products company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.18. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.91 billion. Berry Global Group had a return on equity of 35.39% and a net margin of 4.77%. Berry Global Group’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. As a group, analysts anticipate that Berry Global Group, Inc. will post 5.35 earnings per share for the current fiscal year.

About Berry Global Group

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets. Its Consumer Packaging International segment offers closures, dispensing systems, and applicators; inhalers and dose counters; polythene films; packaging solutions for consumer and industrial applications in personal care, beverage, and food markets; injection molded and thermoformed containers, and lids; and molds and molded components, as well as recycles rigid and flexible end of life materials from industrial and consumer sources.

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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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