Greif, Inc. (NYSE:GEF) Shares Sold by Denali Advisors LLC

Denali Advisors LLC cut its position in Greif, Inc. (NYSE:GEF) by 9.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,221 shares of the industrial products company’s stock after selling 10,400 shares during the period. Denali Advisors LLC’s holdings in Greif were worth $6,431,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of GEF. Truist Financial Corp increased its holdings in Greif by 39.4% in the fourth quarter. Truist Financial Corp now owns 13,453 shares of the industrial products company’s stock valued at $822,000 after buying an additional 3,799 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Greif by 0.9% in the 4th quarter. Principal Financial Group Inc. now owns 69,900 shares of the industrial products company’s stock valued at $4,272,000 after acquiring an additional 653 shares during the last quarter. Principal Securities Inc. raised its position in shares of Greif by 28.2% during the 4th quarter. Principal Securities Inc. now owns 2,444 shares of the industrial products company’s stock worth $149,000 after acquiring an additional 537 shares in the last quarter. Robertson Stephens Wealth Management LLC lifted its stake in Greif by 4.2% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,541 shares of the industrial products company’s stock worth $342,000 after purchasing an additional 221 shares during the last quarter. Finally, Twelve Points Wealth Management LLC boosted its holdings in Greif by 15.1% in the fourth quarter. Twelve Points Wealth Management LLC now owns 30,684 shares of the industrial products company’s stock valued at $1,875,000 after purchasing an additional 4,036 shares in the last quarter. 45.74% of the stock is currently owned by institutional investors and hedge funds.

Greif Trading Up 1.3 %

Shares of Greif stock opened at $60.57 on Wednesday. The company’s fifty day moving average is $60.94 and its two-hundred day moving average is $63.13. Greif, Inc. has a 1 year low of $55.95 and a 1 year high of $73.16. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.53. The company has a market capitalization of $2.86 billion, a P/E ratio of 13.40, a PEG ratio of 1.02 and a beta of 0.94.

Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.23). Greif had a net margin of 4.81% and a return on equity of 11.84%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm earned $1.56 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Analysts forecast that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Monday, March 17th. Greif’s dividend payout ratio is presently 47.79%.

Insider Activity at Greif

In other Greif news, EVP Bala Sathyanarayanan sold 748 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $60.21, for a total transaction of $45,037.08. Following the transaction, the executive vice president now owns 32,729 shares in the company, valued at approximately $1,970,613.09. The trade was a 2.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director B Andrew Rose purchased 3,500 shares of Greif stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of $70.20 per share, with a total value of $245,700.00. Following the completion of the acquisition, the director now directly owns 3,500 shares in the company, valued at approximately $245,700. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 6,225 shares of company stock worth $431,731 in the last three months. Insiders own 7.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GEF. Sidoti initiated coverage on shares of Greif in a report on Wednesday, November 20th. They set a “buy” rating and a $93.00 price objective on the stock. Robert W. Baird lifted their price target on shares of Greif from $70.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Bank of America decreased their price objective on shares of Greif from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Finally, Truist Financial lifted their target price on Greif from $67.00 to $71.00 and gave the stock a “hold” rating in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.33.

Greif Company Profile

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.