2 weeks Ago By Defense World Staff
Teacher Retirement System of Texas lifted its holdings in shares of Greif, Inc. (NYSE:GEF – Free Report) by 162.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 17,187 shares of the industrial products company’s stock after buying an additional 10,642 shares during the period. Teacher Retirement System of Texas’ holdings in Greif were worth $1,050,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also added to or reduced their stakes in GEF.
Avior Wealth Management LLC acquired a new position in Greif during the 4th quarter worth $31,000. Principal Securities Inc. lifted its holdings in Greif by 28.
2% in the fourth quarter. Principal Securities Inc. now owns 2,444 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 537 shares during the period.
Point72 Asset Management L.P. bought a new position in Greif in the 3rd quarter valued at about $200,000.
Quantbot Technologies LP increased its stake in Greif by 191.4% during the 3rd quarter. Quantbot Technologies LP now owns 3,433 shares of the industrial products company’s stock valued at $215,000 after buying an additional 2,255 shares during the period.
Finally, QRG Capital Management Inc. raised its position in shares of Greif by 5.6% during the 4th quarter.
QRG Capital Management Inc. now owns 3,966 shares of the industrial products company’s stock worth $242,000 after buying an additional 211 shares in the last quarter. 45.
74% of the stock is owned by institutional investors. Insider ActivityIn related news, Director Frank Calhoun V. Miller purchased 1,000 shares of Greif stock in a transaction dated Tuesday, March 11th.
The stock was acquired at an average cost of $58.50 per share, with a total value of $58,500.00.
Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $58,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Also, Director Mark A. Emkes acquired 3,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $55.
89 per share, for a total transaction of $167,670.00. Following the completion of the transaction, the director now directly owns 44,257 shares of the company’s stock, valued at $2,473,523.
73. This represents a 7.27 % increase in their position.
The disclosure for this purchase can be found here. Corporate insiders own 7.60% of the company’s stock.
Greif Trading Down 2.0 %Shares of NYSE GEF opened at $54.89 on Friday.
The business has a fifty day simple moving average of $58.82 and a 200-day simple moving average of $62.25.
The company has a market cap of $2.60 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 1.
02 and a beta of 0.91. Greif, Inc.
has a 12 month low of $53.43 and a 12 month high of $73.16.
The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 1.
26. Greif (NYSE:GEF – Get Free Report) last announced its earnings results on Wednesday, February 26th. The industrial products company reported $0.
39 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.33).
The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion.
Greif had a return on equity of 11.84% and a net margin of 4.81%.
Sell-side analysts predict that Greif, Inc. will post 4.11 EPS for the current year.
Greif Dividend AnnouncementThe firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be issued a $0.54 dividend.
The ex-dividend date is Monday, March 17th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.
94%. Greif’s payout ratio is currently 61.71%.
Analyst Ratings ChangesA number of research analysts recently commented on the stock. Bank of America lowered their price objective on shares of Greif from $79.00 to $73.
00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Robert W. Baird lowered their price target on Greif from $75.
00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company cut their price objective on Greif from $76.
00 to $75.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Finally, Truist Financial reaffirmed a “hold” rating and set a $65.
00 target price (down from $71.00) on shares of Greif in a report on Monday, March 3rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company.
According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.00.
View Our Latest Stock Analysis on GEFAbout Greif (Free Report)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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