LSV Asset Management decreased its holdings in Greif, Inc. (NYSE:GEF – Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,067,471 shares of the industrial products company’s stock after selling 49,500 shares during the quarter. LSV Asset Management owned about 2.28% of Greif worth $70,015,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in GEF. Verdence Capital Advisors LLC lifted its position in shares of Greif by 4.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 4,921 shares of the industrial products company’s stock worth $329,000 after purchasing an additional 223 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Greif by 58.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,693 shares of the industrial products company’s stock worth $514,000 after buying an additional 2,851 shares during the period. Meritage Portfolio Management boosted its position in Greif by 5.3% during the 3rd quarter. Meritage Portfolio Management now owns 3,423 shares of the industrial products company’s stock valued at $229,000 after acquiring an additional 173 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Greif by 140.5% during the 3rd quarter. Teacher Retirement System of Texas now owns 18,226 shares of the industrial products company’s stock worth $1,218,000 after acquiring an additional 10,649 shares during the period. Finally, Investors Research Corp raised its position in shares of Greif by 2.3% in the 3rd quarter. Investors Research Corp now owns 11,150 shares of the industrial products company’s stock worth $745,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 45.74% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on GEF shares. Wells Fargo & Company upgraded Greif from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $64.00 to $75.00 in a research report on Thursday, January 11th. Truist Financial began coverage on shares of Greif in a research report on Thursday, April 18th. They issued a “hold” rating and a $71.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.
Check Out Our Latest Report on GEF
Greif Stock Up 1.0 %
Shares of NYSE:GEF traded up $0.62 on Friday, hitting $62.90. 114,114 shares of the company traded hands, compared to its average volume of 181,280. The company has a market cap of $2.96 billion, a PE ratio of 10.88, a PEG ratio of 1.57 and a beta of 0.91. The stock has a 50 day simple moving average of $64.13 and a 200-day simple moving average of $64.59. Greif, Inc. has a 52 week low of $59.37 and a 52 week high of $76.00. The company has a quick ratio of 1.16, a current ratio of 1.57 and a debt-to-equity ratio of 1.09.
Greif (NYSE:GEF – Get Free Report) last issued its earnings results on Wednesday, February 28th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $1.07. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.26 billion. Greif had a net margin of 6.53% and a return on equity of 18.65%. The business’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, research analysts expect that Greif, Inc. will post 4 earnings per share for the current year.
Greif Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 18th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, March 15th. Greif’s payout ratio is 35.99%.
Insider Transactions at Greif
In other Greif news, VP Gary R. Martz bought 1,807 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was acquired at an average price of $68.37 per share, with a total value of $123,544.59. Following the transaction, the vice president now owns 23,100 shares in the company, valued at $1,579,347. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Gary R. Martz bought 1,807 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were bought at an average price of $68.37 per share, for a total transaction of $123,544.59. Following the completion of the acquisition, the vice president now owns 23,100 shares of the company’s stock, valued at approximately $1,579,347. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Anthony John Krabill bought 745 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of $63.12 per share, with a total value of $47,024.40. Following the transaction, the treasurer now owns 1,651 shares in the company, valued at approximately $104,211.12. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 42,934 shares of company stock worth $2,864,352 and sold 6,000 shares worth $384,620. Company insiders own 3.07% of the company’s stock.
Greif Profile
Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.
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