New Age Alpha Advisors LLC lifted its holdings in Greif, Inc. (NYSE:GEF – Free Report) by 631.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 26,043 shares of the industrial products company’s stock after buying an additional 22,483 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Greif were worth $1,763,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in shares of Greif in the 4th quarter worth about $84,000. Asset Management One Co. Ltd. grew its holdings in shares of Greif by 59.8% during the fourth quarter. Asset Management One Co. Ltd. now owns 3,368 shares of the industrial products company’s stock valued at $236,000 after purchasing an additional 1,261 shares during the last quarter. Captrust Financial Advisors bought a new position in shares of Greif during the second quarter valued at approximately $227,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Greif during the second quarter valued at approximately $230,000. Finally, Personal CFO Solutions LLC bought a new position in shares of Greif during the fourth quarter valued at approximately $244,000. 45.74% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. Robert W. Baird set a $75.00 target price on Greif in a report on Thursday, January 29th. Truist Financial lowered their target price on Greif from $79.00 to $78.00 and set a “hold” rating for the company in a report on Monday, May 4th. Wells Fargo & Company lowered their target price on Greif from $76.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, March 20th. Finally, Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Greif presently has an average rating of “Hold” and a consensus target price of $73.50.
Greif Stock Performance
Shares of NYSE GEF opened at $63.94 on Thursday. 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 $66.35 and a 200-day simple moving average of $68.21. The company has a market cap of $2.95 billion, a PE ratio of 24.50, a P/E/G ratio of 0.66 and a beta of 0.82. Greif, Inc. has a 12-month low of $54.48 and a 12-month high of $77.14.
Greif (NYSE:GEF – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 earnings per share. On average, equities research analysts forecast that Greif, Inc. will post 3.87 EPS for the current year.
Insider Activity
In other news, SVP Timothy Bergwall sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $67.66, for a total transaction of $135,320.00. Following the completion of the transaction, the senior vice president directly owned 67,832 shares in the company, valued at approximately $4,589,513.12. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,000 shares of company stock worth $411,140 in the last three months. Insiders own 7.70% of the company’s stock.
About Greif
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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