Sequoia Financial Advisors LLC Buys 11,670 Shares of Greif, Inc. $GEF

Sequoia Financial Advisors LLC boosted its stake in shares of Greif, Inc. (NYSE:GEF) by 193.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,717 shares of the industrial products company’s stock after purchasing an additional 11,670 shares during the period. Sequoia Financial Advisors LLC’s holdings in Greif were worth $1,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its holdings in Greif by 106.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 317 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Greif by 33.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock valued at $47,000 after buying an additional 172 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in shares of Greif during the 4th quarter valued at $84,000. Simplex Trading LLC lifted its holdings in shares of Greif by 399.5% during the 4th quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,482 shares during the period. Finally, Leonteq Securities AG purchased a new position in shares of Greif in the 1st quarter worth $201,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Insider Buying and Selling at Greif

In other news, SVP Timothy Bergwall sold 2,000 shares of the stock in a transaction on Friday, July 10th. The shares were sold at an average price of $73.14, for a total value of $146,280.00. Following the completion of the sale, the senior vice president directly owned 63,832 shares of the company’s stock, valued at $4,668,672.48. This represents a 3.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,000 shares of company stock valued at $412,120 in the last three months. Corporate insiders own 7.70% of the company’s stock.

Greif Trading Up 3.7%

NYSE:GEF opened at $75.97 on Friday. Greif, Inc. has a one year low of $55.75 and a one year high of $77.14. The business has a fifty day moving average price of $68.31 and a 200-day moving average price of $69.38. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 0.79 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.00.

Greif (NYSE:GEF) last released its earnings results on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.06). Greif had a net margin of 7.27% and a return on equity of 7.50%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm posted $1.19 earnings per share. Greif’s revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts forecast that Greif, Inc. will post 3.82 EPS for the current year.

Greif Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 17th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Wednesday, June 17th. This is an increase from Greif’s previous quarterly dividend of $0.56. Greif’s payout ratio is presently 95.02%.

Analyst Ratings Changes

Several analysts recently commented on GEF shares. Bank of America lowered Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price objective for the company. in a report on Tuesday. Truist Financial dropped their target price on Greif from $79.00 to $78.00 and set a “hold” rating on the stock in a research report on Monday, May 4th. Weiss Ratings upgraded Greif from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, June 17th. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Wells Fargo & Company increased their price objective on shares of Greif from $70.00 to $74.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $74.25.

Greif Company Profile

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.