O Shaughnessy Asset Management LLC Has $232,000 Holdings in Greif, Inc. (NYSE:GEF)

O Shaughnessy Asset Management LLC decreased its position in shares of Greif, Inc. (NYSE:GEF) by 13.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,802 shares of the industrial products company’s stock after selling 572 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Greif were worth $232,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Stifel Financial Corp increased its stake in shares of Greif by 97.0% in the third quarter. Stifel Financial Corp now owns 34,045 shares of the industrial products company’s stock worth $2,133,000 after purchasing an additional 16,759 shares during the period. Moran Wealth Management LLC bought a new position in Greif in the 4th quarter worth approximately $2,594,000. Charles Schwab Investment Management Inc. lifted its holdings 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 buying an additional 44,088 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Greif by 2.1% in the fourth quarter. William Blair Investment Management LLC now owns 535,932 shares of the industrial products company’s stock valued at $32,756,000 after acquiring an additional 11,210 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in shares of Greif by 162.6% in the fourth quarter. Teacher Retirement System of Texas now owns 17,187 shares of the industrial products company’s stock worth $1,050,000 after acquiring an additional 10,642 shares during the last quarter. 45.74% of the stock is currently owned by institutional investors.

Insider Activity at Greif

In other Greif news, VP David C. Lloyd sold 2,263 shares of Greif stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $55.24, for a total value of $125,008.12. Following the completion of the transaction, the vice president now owns 7,580 shares in the company, valued at approximately $418,719.20. The trade was a 22.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Emkes bought 3,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $55.89 per share, for a total transaction of $167,670.00. Following the acquisition, the director now directly owns 44,257 shares of the company’s stock, valued at approximately $2,473,523.73. The trade was a 7.27 % increase in their position. The disclosure for this purchase can be found here. 7.60% of the stock is currently owned by insiders.

Greif Stock Up 2.2 %

NYSE GEF opened at $52.03 on Monday. Greif, Inc. has a 1-year low of $48.23 and a 1-year high of $73.16. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 1.02 and a beta of 0.91. The stock’s 50 day moving average is $56.57 and its two-hundred day moving average is $61.44. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26.

Greif (NYSE:GEF) last announced its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $0.39 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 analyst estimates 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 earnings per share for the current fiscal year.

Greif Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Monday, March 17th. Greif’s dividend payout ratio (DPR) is currently 61.71%.

Wall Street Analysts Forecast Growth

GEF has been the subject of several research analyst reports. Bank of America cut their target price 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. Wells Fargo & Company reduced their target price on shares of Greif from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Robert W. Baird decreased their target price on Greif from $75.00 to $68.00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $65.00 price target (down previously from $71.00) on shares of Greif in a report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

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.