3,391 Shares in Greif, Inc. (NYSE:GEF) Purchased by PharVision Advisers LLC

PharVision Advisers LLC bought a new position in shares of Greif, Inc. (NYSE:GEF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,391 shares of the industrial products company’s stock, valued at approximately $207,000.

Other institutional investors have also recently made changes to their positions in the company. Moran Wealth Management LLC purchased a new stake in shares of Greif during the fourth quarter worth about $2,594,000. Foundry Partners LLC purchased a new stake in shares of Greif during the fourth quarter worth about $448,000. William Blair Investment Management LLC grew its position in shares of Greif by 2.1% during the fourth quarter. William Blair Investment Management LLC now owns 535,932 shares of the industrial products company’s stock worth $32,756,000 after purchasing an additional 11,210 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Greif by 8.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 568,725 shares of the industrial products company’s stock worth $34,760,000 after purchasing an additional 44,088 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its position in shares of Greif by 2.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 801,429 shares of the industrial products company’s stock worth $48,983,000 after purchasing an additional 17,425 shares in the last quarter. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Insider Buying and Selling at Greif

In other Greif news, Director Mark A. Emkes purchased 3,000 shares of Greif stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $55.89 per share, with a total value of $167,670.00. Following the acquisition, the director now owns 44,257 shares of the company’s stock, valued at $2,473,523.73. This trade represents a 7.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank Calhoun V. Miller bought 1,000 shares of Greif stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $58.50 per share, with a total value of $58,500.00. Following the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $58,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 7.60% of the company’s stock.

Wall Street Analyst Weigh In

GEF has been the subject of several research analyst reports. Wells Fargo & Company cut their price target on Greif from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Robert W. Baird cut their price target on Greif from $75.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, February 28th. Finally, Truist Financial cut their price target on Greif from $65.00 to $56.00 and set a “hold” rating for the company in a report on Tuesday, April 22nd. Four investment 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $75.50.

Greif Price Performance

NYSE:GEF opened at $55.43 on Friday. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.02 and a beta of 0.94. Greif, Inc. has a 1 year low of $48.23 and a 1 year high of $73.16. The business has a 50 day simple moving average of $53.85 and a 200-day simple moving average of $59.69. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 1.13.

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

Greif Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a dividend of $0.54 per share. The ex-dividend date was Monday, March 17th. This represents a $2.16 annualized dividend and a yield of 3.90%. Greif’s payout ratio is presently 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.