SG Americas Securities LLC increased its position in Greif, Inc. (NYSE:GEF) by 214.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,558 shares of the industrial products company’s stock after purchasing an additional 7,880 shares during the period. SG Americas Securities LLC’s holdings in Greif were worth $700,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of GEF. Crossmark Global Holdings Inc. purchased a new stake in shares of Greif in the third quarter worth about $216,000. Quantbot Technologies LP increased its stake in Greif by 3,048.2% during the third quarter. Quantbot Technologies LP now owns 4,376 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 4,237 shares during the last quarter. Nine Chapters Capital Management LLC increased its stake in Greif by 83.3% during the third quarter. Nine Chapters Capital Management LLC now owns 8,800 shares of the industrial products company’s stock worth $515,000 after acquiring an additional 4,000 shares during the last quarter. Alpha Windward LLC increased its stake in Greif by 16.7% during the fourth quarter. Alpha Windward LLC now owns 9,660 shares of the industrial products company’s stock worth $585,000 after acquiring an additional 1,380 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Greif by 477.2% during the third quarter. Public Employees Retirement System of Ohio now owns 25,450 shares of the industrial products company’s stock worth $1,490,000 after acquiring an additional 21,041 shares during the last quarter. Institutional investors own 47.39% of the company’s stock.
Several brokerages have weighed in on GEF. Robert W. Baird reissued a “buy” rating and set a $66.00 price objective on shares of Greif in a research note on Friday, November 10th. BMO Capital Markets reissued a “hold” rating and set a $55.00 price objective on shares of Greif in a research note on Friday, November 24th. KeyCorp set a $47.00 price objective on Greif and gave the stock a “sell” rating in a research note on Friday, December 8th. Zacks Investment Research cut Greif from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. Finally, Bank of America raised Greif from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a research note on Tuesday, January 2nd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $64.00.
Shares of Greif, Inc. (NYSE GEF) opened at $57.05 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.04 and a current ratio of 1.45. Greif, Inc. has a 52 week low of $50.94 and a 52 week high of $65.60. The firm has a market capitalization of $2,729.39, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 1.93 and a beta of 1.21.
Greif (NYSE:GEF) last released its earnings results on Wednesday, December 6th. The industrial products company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.09. The firm had revenue of $968.00 million for the quarter, compared to analysts’ expectations of $931.96 million. Greif had a return on equity of 17.06% and a net margin of 3.26%. The company’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. equities analysts predict that Greif, Inc. will post 3.4 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Greif, Inc. (GEF) Shares Bought by SG Americas Securities LLC” was originally reported by Stock Observer and is the property of of Stock Observer. If you are reading this piece of content on another site, it was stolen and republished in violation of US & international trademark and copyright law. The original version of this piece of content can be viewed at https://www.thestockobserver.com/2018/02/20/greif-inc-gef-shares-bought-by-sg-americas-securities-llc.html.
Greif Company Profile
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.
Want to see what other hedge funds are holding GEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Greif, Inc. (NYSE:GEF).
Receive News & Ratings for Greif Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greif and related companies with MarketBeat.com's FREE daily email newsletter.