Investors Research Corp Has $622,000 Stake in Greif, Inc. (NYSE:GEF)

Investors Research Corp decreased its holdings in Greif, Inc. (NYSE:GEF) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,175 shares of the industrial products company’s stock after selling 250 shares during the period. Investors Research Corp’s holdings in Greif were worth $622,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Verdence Capital Advisors LLC increased its holdings in shares of Greif by 3.2% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,195 shares of the industrial products company’s stock valued at $326,000 after purchasing an additional 163 shares during the period. QRG Capital Management Inc. increased its holdings in Greif by 5.6% in the fourth 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 during the last quarter. Robertson Stephens Wealth Management LLC increased its holdings in Greif by 4.2% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,541 shares of the industrial products company’s stock worth $342,000 after buying an additional 221 shares during the last quarter. Avior Wealth Management LLC acquired a new position in Greif in the fourth quarter worth approximately $31,000. Finally, Principal Securities Inc. increased 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 buying an additional 537 shares during the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Sidoti assumed coverage on Greif in a report on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price objective on the stock. Wells Fargo & Company dropped their price objective on Greif from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Bank of America dropped their price objective on Greif from $79.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Truist Financial reaffirmed a “hold” rating and set a $65.00 target price (down previously from $71.00) on shares of Greif in a research report on Monday, March 3rd. Finally, Robert W. Baird decreased their target price on Greif from $75.00 to $68.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Insider Activity

In other Greif news, Director B Andrew Rose acquired 3,500 shares of Greif stock in a transaction dated Friday, December 20th. The stock was bought at an average cost of $70.20 per share, with a total value of $245,700.00. Following the completion of the transaction, the director now owns 3,500 shares of the company’s stock, valued at $245,700. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Lawrence A. Hilsheimer acquired 550 shares of Greif stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of $67.88 per share, with a total value of $37,334.00. Following the completion of the transaction, the chief financial officer now directly owns 162,151 shares of the company’s stock, valued at $11,006,809.88. This trade represents a 0.34 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 9,225 shares of company stock valued at $599,401. 7.60% of the stock is owned by company insiders.

Greif Stock Down 3.7 %

Shares of Greif stock opened at $55.41 on Tuesday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 12.26, a PEG ratio of 1.02 and a beta of 0.91. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 1.26. The stock has a 50 day moving average price of $60.14 and a two-hundred day moving average price of $62.86. Greif, Inc. has a 12-month low of $53.43 and a 12-month high of $73.16.

Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.33). Greif had a net margin of 4.81% and a return on equity of 11.84%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. Equities analysts expect that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th will be given a $0.54 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.16 annualized dividend and a dividend yield of 3.90%. Greif’s dividend payout ratio is 61.71%.

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.