Sequoia Financial Advisors LLC Buys New Position in Greif, Inc. (NYSE:GEF)

Sequoia Financial Advisors LLC purchased a new stake in Greif, Inc. (NYSE:GEF) in the 4th quarter, Holdings Channel.com reports. The fund purchased 3,489 shares of the industrial products company’s stock, valued at approximately $229,000.

Several other hedge funds have also made changes to their positions in GEF. HighTower Advisors LLC purchased a new position in shares of Greif in the 1st quarter worth about $1,648,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Greif by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,731 shares of the industrial products company’s stock worth $633,000 after acquiring an additional 928 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in Greif by 1.9% in the 1st quarter. Yousif Capital Management LLC now owns 13,901 shares of the industrial products company’s stock worth $904,000 after acquiring an additional 260 shares during the period. Prudential Financial Inc. boosted its holdings in Greif by 16.8% in the first quarter. Prudential Financial Inc. now owns 202,618 shares of the industrial products company’s stock valued at $13,183,000 after purchasing an additional 29,187 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Greif by 52.8% in the 1st quarter. First Trust Advisors LP now owns 99,060 shares of the industrial products company’s stock valued at $6,445,000 after purchasing an additional 34,220 shares in the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.

Insider Buying and Selling at Greif

In other Greif news, Treasurer Anthony John Krabill purchased 745 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of $63.12 per share, with a total value of $47,024.40. Following the completion of the purchase, the treasurer now owns 1,651 shares in the company, valued at approximately $104,211.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Ole G. Rosgaard bought 4,705 shares of the company’s stock in a transaction that occurred on Friday, March 8th. The shares were purchased at an average price of $67.00 per share, with a total value of $315,235.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,705 shares in the company, valued at $315,235. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer Anthony John Krabill bought 745 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of $63.12 per share, with a total value of $47,024.40. Following the completion of the transaction, the treasurer now directly owns 1,651 shares of the company’s stock, valued at $104,211.12. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 42,934 shares of company stock valued at $2,864,352 and have sold 6,000 shares valued at $384,620. 3.07% of the stock is owned by company insiders.

Greif Trading Up 1.0 %

NYSE:GEF opened at $61.36 on Friday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.16. The firm has a market capitalization of $2.89 billion, a P/E ratio of 10.62, a P/E/G ratio of 1.57 and a beta of 0.87. Greif, Inc. has a 12-month low of $59.37 and a 12-month high of $76.00. The business has a 50 day simple moving average of $64.22 and a 200 day simple moving average of $64.85.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $1.07. The business had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Greif had a net margin of 6.53% and a return on equity of 18.65%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.06 EPS. Equities research analysts predict that Greif, Inc. will post 3.88 EPS for the current year.

Greif Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 18th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Friday, March 15th. Greif’s dividend payout ratio (DPR) is 35.99%.

Analyst Ratings Changes

A number of analysts recently issued reports on GEF shares. Wells Fargo & Company upgraded shares of Greif from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $64.00 to $75.00 in a research note on Thursday, January 11th. Truist Financial started coverage on Greif in a research note on Thursday. They issued a “hold” rating and a $71.00 price target for the company. Finally, StockNews.com upgraded shares of Greif from a “hold” rating to a “buy” rating in a research report on Monday, January 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.25.

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.