Healthcare of Ontario Pension Plan Trust Fund Increases Stock Position in Berry Global Group, Inc. (NYSE:BERY)

Healthcare of Ontario Pension Plan Trust Fund lifted its position in Berry Global Group, Inc. (NYSE:BERY) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 147,700 shares of the industrial products company’s stock after buying an additional 27,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Berry Global Group were worth $8,299,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in Berry Global Group in the fourth quarter valued at approximately $34,000. Heritage Wealth Advisors raised its holdings in Berry Global Group by 104.2% during the fourth quarter. Heritage Wealth Advisors now owns 931 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 475 shares in the last quarter. Signaturefd LLC lifted its position in shares of Berry Global Group by 208.5% during the 4th quarter. Signaturefd LLC now owns 1,823 shares of the industrial products company’s stock worth $102,000 after buying an additional 1,232 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in shares of Berry Global Group in the 4th quarter valued at $174,000. Finally, Fieldpoint Private Securities LLC acquired a new position in shares of Berry Global Group in the 4th quarter valued at $190,000. 95.53% of the stock is currently owned by institutional investors and hedge funds.

NYSE:BERY opened at $62.35 on Thursday. Berry Global Group, Inc. has a fifty-two week low of $33.97 and a fifty-two week high of $63.24. The stock has a market cap of $8.35 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 1.00 and a beta of 1.37. The company has a quick ratio of 1.17, a current ratio of 1.75 and a debt-to-equity ratio of 4.86. The firm’s fifty day simple moving average is $59.14 and its 200-day simple moving average is $54.07.

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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.18. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.91 billion. Berry Global Group had a return on equity of 35.39% and a net margin of 4.77%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. Equities analysts anticipate that Berry Global Group, Inc. will post 5.35 earnings per share for the current year.

BERY has been the subject of several research analyst reports. Citigroup upped their price objective on shares of Berry Global Group from $67.00 to $70.00 in a research note on Tuesday, February 9th. Morgan Stanley raised their price target on Berry Global Group from $60.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Monday, February 8th. Finally, BMO Capital Markets boosted their price objective on Berry Global Group from $60.00 to $68.00 and gave the company an “outperform” rating in a research note on Monday, February 8th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Berry Global Group has a consensus rating of “Buy” and a consensus target price of $63.80.

In other news, EVP Jason K. Greene sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 24th. The shares were sold at an average price of $63.00, for a total value of $945,000.00. Following the completion of the transaction, the executive vice president now owns 15,250 shares of the company’s stock, valued at $960,750. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Curt Begle sold 18,000 shares of the company’s stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $59.00, for a total transaction of $1,062,000.00. Following the transaction, the president now directly owns 18,000 shares in the company, valued at approximately $1,062,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,000 shares of company stock worth $4,023,000. Corporate insiders own 2.00% of the company’s stock.

Berry Global Group Profile

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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