Ameriprise Financial Has Cut Idexx Laboratories (IDXX) Position By $15.55 Million, Berry Plastics (BERY)’s Sentiment Is 1.01

June 19, 2017 - By Adrian Mccoy

Berry Global Group, Inc., formerly Berry Plastics Group, Inc., is a well-known provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials. The company has market cap of $7.46 billion. The Firm offers products, such as closures, prescription vials, specialty films, adhesives, nonwovens, drink cups, containers and bottles. It has a 25.13 P/E ratio. The Firm operates through three divisions: Health, Hygiene & Specialties, Consumer Packaging, and Engineered Materials.

Ameriprise Financial Inc decreased Idexx Laboratories Inc (IDXX) stake by 22.57% reported in 2016Q4 SEC filing. Ameriprise Financial Inc sold 132,872 shares as Idexx Laboratories Inc (IDXX)’s stock rose 13.64%. The Ameriprise Financial Inc holds 455,917 shares with $53.47M value, down from 588,789 last quarter. Idexx Laboratories Inc now has $14.37B valuation. The stock rose 1.38% or $2.22 reaching $162.93. About 42,011 shares traded. IDEXX Laboratories, Inc. (NASDAQ:IDXX) has risen 83.30% since June 19, 2016 and is uptrending. It has outperformed by 66.60% the S&P500.

Analysts await Berry Global Group Inc (NYSE:BERY) to report earnings on August, 8. They expect $0.84 EPS, up 2.44% or $0.02 from last year’s $0.82 per share. BERY’s profit will be $108.32M for 17.22 P/E if the $0.84 EPS becomes a reality. After $0.79 actual EPS reported by Berry Global Group Inc for the previous quarter, Wall Street now forecasts 6.33% EPS growth.

Lonestar Capital Management Llc holds 14.2% of its portfolio in Berry Global Group Inc for 500,000 shares. Newbrook Capital Advisors Lp owns 2.76 million shares or 13.48% of their US portfolio. Moreover, Dsam Partners (London) Ltd has 11.04% invested in the company for 822,289 shares. The Illinois-based Dsc Advisors L.P. has invested 6.36% in the stock. Canyon Capital Advisors Llc, a California-based fund reported 3.14 million shares.

About 29,697 shares traded. Berry Global Group Inc (BERY) has risen 47.68% since June 19, 2016 and is uptrending. It has outperformed by 30.98% the S&P500.

Ratings analysis reveals 60% of Berry Plastics’s analysts are positive. Out of 5 Wall Street analysts rating Berry Plastics, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $52.0 while the high is $60.0. The stock’s average target of $55.33 is -4.36% below today’s ($57.85) share price. BERY was included in 5 notes of analysts from September 13, 2016. As per Thursday, October 13, the company rating was initiated by Jefferies. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Wednesday, November 30 report. As per Monday, December 5, the company rating was downgraded by Macquarie Research. The rating was initiated by JP Morgan with “Overweight” on Tuesday, September 13. The stock of Berry Global Group Inc (NYSE:BERY) has “Outperform” rating given on Wednesday, November 30 by RBC Capital Markets.

Analysts await IDEXX Laboratories, Inc. (NASDAQ:IDXX) to report earnings on August, 1. They expect $0.83 earnings per share, up 3.75% or $0.03 from last year’s $0.8 per share. IDXX’s profit will be $73.20 million for 49.08 P/E if the $0.83 EPS becomes a reality. After $0.65 actual earnings per share reported by IDEXX Laboratories, Inc. for the previous quarter, Wall Street now forecasts 27.69% EPS growth.

Since February 8, 2017, it had 1 insider purchase, and 11 sales for $23.54 million activity. Another trade for 6,500 shares valued at $943,721 was sold by HENDERSON REBECCA M. $1.41 million worth of IDEXX Laboratories, Inc. (NASDAQ:IDXX) was sold by MCKEON BRIAN P on Wednesday, February 8. 1,000 shares were bought by Kingsley Lawrence D, worth $146,480 on Wednesday, March 1. Another trade for 3,000 shares valued at $425,264 was sold by JUNIUS DANIEL M. Shares for $4.99M were sold by AYERS JONATHAN W. END WILLIAM T had sold 5,000 shares worth $708,534. TWIGGE GIOVANI sold $429,272 worth of stock or 2,572 shares.

Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.21, from 1.14 in 2016Q3. It dropped, as 29 investors sold IDXX shares while 183 reduced holdings. 67 funds opened positions while 130 raised stakes. 75.18 million shares or 3.36% less from 77.79 million shares in 2016Q3 were reported. Moreover, State Of Tennessee Treasury Department has 0.07% invested in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Conestoga Advisors Limited Liability Corporation holds 0.02% or 2,300 shares. Spinnaker reported 4,500 shares stake. Summit Asset Ltd Company invested in 0.62% or 8,445 shares. Blair William & Il has invested 2.23% in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Princeton Alpha Limited Partnership stated it has 2,767 shares. Artemis Inv Llp accumulated 0.05% or 16,295 shares. King Luther Cap Corporation holds 4,470 shares. Point72 Asia (Hong Kong) Ltd has invested 0.03% in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Keybank Association Oh stated it has 25,761 shares or 0.02% of all its holdings. Cubist Systematic Strategies Limited stated it has 9,066 shares or 0.08% of all its holdings. Deutsche Bankshares Ag holds 361,003 shares. Mairs Pwr has invested 0.01% in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Td Asset Mngmt Incorporated holds 0.01% in IDEXX Laboratories, Inc. (NASDAQ:IDXX) or 47,105 shares. Alliancebernstein LP owns 65,077 shares.

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