Anchor Capital Advisors LLC increased its position in Greif Bros. Corporation (NYSE:GEF) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,275 shares of the industrial products company’s stock after buying an additional 431 shares during the period. Anchor Capital Advisors LLC owned about 0.05% of Greif Bros. Corporation worth $1,337,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in GEF. Wellington Management Group LLP boosted its position in shares of Greif Bros. Corporation by 0.7% in the first quarter. Wellington Management Group LLP now owns 1,877,084 shares of the industrial products company’s stock worth $103,409,000 after buying an additional 13,511 shares during the last quarter. FMR LLC raised its position in Greif Bros. Corporation by 10.2% in the first quarter. FMR LLC now owns 836,801 shares of the industrial products company’s stock worth $46,099,000 after buying an additional 77,400 shares in the last quarter. Systematic Financial Management LP raised its position in Greif Bros. Corporation by 1,032.2% in the first quarter. Systematic Financial Management LP now owns 357,270 shares of the industrial products company’s stock worth $19,682,000 after buying an additional 325,715 shares in the last quarter. Norges Bank bought a new position in shares of Greif Bros. Corporation during the fourth quarter valued at approximately $15,520,000. Finally, Ameriprise Financial Inc. raised its position in shares of Greif Bros. Corporation by 22.5% in the first quarter. Ameriprise Financial Inc. now owns 290,660 shares of the industrial products company’s stock valued at $16,015,000 after buying an additional 53,429 shares during the period. Institutional investors own 49.96% of the company’s stock.
Greif Bros. Corporation (GEF) traded down 0.3592% during trading on Tuesday, hitting $55.4999. 34,051 shares of the stock traded hands. The firm’s 50-day moving average is $57.42 and its 200 day moving average is $55.74. The stock has a market cap of $2.66 billion, a P/E ratio of 27.6394 and a beta of 1.30. Greif Bros. Corporation has a 52 week low of $35.00 and a 52 week high of $63.04.
Greif Bros. Corporation (NYSE:GEF) last announced its quarterly earnings data on Wednesday, June 7th. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by $0.07. Greif Bros. Corporation had a return on equity of 16.17% and a net margin of 2.81%. The company had revenue of $887.40 million for the quarter, compared to the consensus estimate of $891.22 million. During the same quarter in the prior year, the company earned $0.47 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities research analysts forecast that Greif Bros. Corporation will post $2.89 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 1st. Investors of record on Monday, June 19th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Thursday, June 15th. Greif Bros. Corporation’s dividend payout ratio (DPR) is presently 103.07%.
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Several equities analysts recently commented on GEF shares. Sidoti assumed coverage on shares of Greif Bros. Corporation in a research report on Friday, March 17th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Greif Bros. Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. BMO Capital Markets upped their target price on shares of Greif Bros. Corporation from $51.00 to $53.00 and gave the company a “market perform” rating in a research note on Monday, March 20th. DA Davidson upgraded shares of Greif Bros. Corporation from an “underperform” rating to a “neutral” rating and upped their target price for the company from $47.00 to $54.00 in a research note on Friday, March 3rd. Finally, Wells Fargo & Co upgraded shares of Greif Bros. Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, March 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. Greif Bros. Corporation currently has a consensus rating of “Hold” and a consensus price target of $53.29.
About Greif Bros. Corporation
Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.
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