Systematic Financial Management LP cut its position in Greif, Inc. (NYSE:GEF – Free Report) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 299,808 shares of the industrial products company’s stock after selling 17,683 shares during the quarter. Systematic Financial Management LP’s holdings in Greif were worth $20,108,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in GEF. American Century Companies Inc. increased its position in Greif by 1.3% during the second quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock worth $1,397,000 after buying an additional 280 shares during the period. Norges Bank acquired a new stake in shares of Greif in the second quarter valued at approximately $1,040,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Greif during the second quarter worth approximately $230,000. Jump Financial LLC purchased a new position in shares of Greif during the second quarter worth approximately $609,000. Finally, Cerity Partners LLC increased its holdings in shares of Greif by 50.3% in the 2nd quarter. Cerity Partners LLC now owns 6,193 shares of the industrial products company’s stock valued at $403,000 after acquiring an additional 2,072 shares during the period. Hedge funds and other institutional investors own 45.74% of the company’s stock.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Greif from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Truist Financial decreased their target price on shares of Greif from $79.00 to $78.00 and set a “hold” rating for the company in a research note on Monday, May 4th. Bank of America lowered Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price target on the stock. in a report on Tuesday, July 14th. Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Wells Fargo & Company increased their price objective on Greif from $70.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Greif currently has a consensus rating of “Reduce” and an average price target of $74.25.
Greif Stock Performance
Shares of GEF stock opened at $76.74 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.24. The stock has a 50 day simple moving average of $69.30 and a 200-day simple moving average of $69.65. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 0.83 and a beta of 0.76. Greif, Inc. has a 12-month low of $55.75 and a 12-month high of $77.42.
Greif (NYSE:GEF – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. Greif had a return on equity of 7.50% and a net margin of 7.27%.The company’s revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 EPS. On average, equities analysts forecast that Greif, Inc. will post 3.82 EPS for the current year.
Greif Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were issued a $0.62 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Greif’s previous quarterly dividend of $0.56. Greif’s payout ratio is 95.02%.
Insider Activity
In related news, SVP Timothy Bergwall sold 2,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $73.14, for a total value of $146,280.00. Following the completion of the sale, the senior vice president owned 63,832 shares in the company, valued at $4,668,672.48. This trade represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 6,000 shares of company stock valued at $412,120. Company insiders own 7.70% of the company’s stock.
Greif Company Profile
Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.
The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.
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