Deprince Race & Zollo Inc. Has $45.29 Million Holdings in Greif, Inc. $GEF

Deprince Race & Zollo Inc. trimmed its position in shares of Greif, Inc. (NYSE:GEF) by 12.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 757,929 shares of the industrial products company’s stock after selling 105,807 shares during the period. Greif makes up approximately 0.9% of Deprince Race & Zollo Inc.’s investment portfolio, making the stock its 29th largest position. Deprince Race & Zollo Inc. owned about 1.60% of Greif worth $45,294,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of Greif by 36.2% during the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 176 shares during the period. American Century Companies Inc. raised its position in Greif by 1.3% during the second quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock valued at $1,397,000 after purchasing an additional 280 shares in the last quarter. Bank of Montreal Can lifted its stake in Greif by 5.5% during the second quarter. Bank of Montreal Can now owns 6,002 shares of the industrial products company’s stock worth $390,000 after purchasing an additional 314 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of Greif by 1.4% in the 2nd quarter. Retirement Systems of Alabama now owns 31,906 shares of the industrial products company’s stock valued at $2,074,000 after purchasing an additional 444 shares in the last quarter. Finally, Denali Advisors LLC increased its stake in shares of Greif by 0.4% in the 2nd quarter. Denali Advisors LLC now owns 115,667 shares of the industrial products company’s stock valued at $7,517,000 after purchasing an additional 500 shares during the last quarter. 45.74% of the stock is owned by institutional investors.

Greif Trading Up 1.2%

NYSE GEF opened at $70.21 on Friday. The firm has a market capitalization of $3.34 billion, a PE ratio of 22.29 and a beta of 0.95. The business’s 50-day moving average price is $63.26 and its two-hundred day moving average price is $63.67. The company has a current ratio of 1.41, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00. Greif, Inc. has a 12 month low of $48.23 and a 12 month high of $70.89.

Greif Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Thursday, December 18th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $2.24 annualized dividend and a yield of 3.2%. Greif’s dividend payout ratio is currently 71.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on GEF shares. Truist Financial lowered their price objective on shares of Greif from $72.00 to $71.00 and set a “hold” rating for the company in a research report on Monday, September 8th. Bank of America lowered their price target on shares of Greif from $77.00 to $71.00 and set a “neutral” rating for the company in a report on Tuesday, September 2nd. Wells Fargo & Company raised their price objective on Greif from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Zacks Research lowered Greif from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 2nd. Finally, Wall Street Zen raised Greif from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Greif presently has a consensus rating of “Hold” and an average price target of $69.50.

Insiders Place Their Bets

In other Greif news, SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $64.98, for a total transaction of $129,960.00. Following the completion of the transaction, the senior vice president owned 60,678 shares in the company, valued at approximately $3,942,856.44. The trade was a 3.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Lawrence A. Hilsheimer bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average cost of $65.49 per share, for a total transaction of $65,490.00. Following the transaction, the chief financial officer owned 198,444 shares of the company’s stock, valued at $12,996,097.56. The trade was a 0.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 32,293 shares of company stock valued at $2,145,733 and sold 70,584 shares valued at $4,385,849. Company insiders own 7.60% of the company’s stock.

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.