Aigen Investment Management LP Takes $1.68 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Aigen Investment Management LP purchased a new stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,968 shares of the industrial products company's stock, valued at approximately $1,679,000.

Several other institutional investors and hedge funds have also made changes to their positions in BERY. UMB Bank n.a. raised its position in shares of Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 306 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position 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 valued at $55,000 after acquiring an additional 821 shares in the last quarter. Venturi Wealth Management LLC raised its position in shares of Berry Global Group by 463.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock valued at $69,000 after acquiring an additional 876 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Berry Global Group during the 3rd quarter valued at approximately $75,000. Finally, Merit Financial Group LLC acquired a new stake in shares of Berry Global Group during the 4th quarter valued at approximately $200,000. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Stock Performance

Shares of NYSE:BERY traded up $1.54 on Friday, hitting $73.11. The company's stock had a trading volume of 1,897,179 shares, compared to its average volume of 1,175,042. Berry Global Group, Inc. has a 12 month low of $55.24 and a 12 month high of $73.75. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 18.23, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. The stock's 50-day moving average is $68.91 and its two-hundred day moving average is $68.30. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61.

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Berry Global Group (NYSE:BERY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The company had revenue of $2.39 billion during the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter in the prior year, the business posted $1.22 earnings per share. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current year.

Berry Global Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.31 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.70%. Berry Global Group's dividend payout ratio (DPR) is 30.92%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BERY. StockNews.com began coverage on Berry Global Group in a research note on Saturday, March 1st. They set a "buy" rating for the company. Barclays upped their price objective on Berry Global Group from $64.00 to $75.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. restated an "overweight" rating and set a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Truist Financial upped their price objective on Berry Global Group from $74.00 to $76.00 and gave the stock a "hold" rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada upped their price objective on Berry Global Group from $69.00 to $73.00 and gave the stock a "sector perform" rating in a research note on Thursday, November 21st. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Berry Global Group presently has an average 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.