Elo Mutual Pension Insurance Co Acquires Shares of 17,638 Greif, Inc. $GEF

Elo Mutual Pension Insurance Co bought a new position in Greif, Inc. (NYSE:GEF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 17,638 shares of the industrial products company’s stock, valued at approximately $1,054,000.

Several other hedge funds also recently made changes to their positions in GEF. Blue Trust Inc. raised its holdings in Greif by 36.2% in the third quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 176 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Greif by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 21,494 shares of the industrial products company’s stock worth $1,397,000 after acquiring an additional 280 shares in the last quarter. Bank of Montreal Can lifted its position in Greif by 5.5% during the 2nd quarter. Bank of Montreal Can now owns 6,002 shares of the industrial products company’s stock valued at $390,000 after acquiring an additional 314 shares during the period. Retirement Systems of Alabama boosted its stake in Greif by 1.4% during the second quarter. Retirement Systems of Alabama now owns 31,906 shares of the industrial products company’s stock worth $2,074,000 after acquiring an additional 444 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Greif by 8.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,707 shares of the industrial products company’s stock worth $436,000 after purchasing an additional 528 shares during the period. 45.74% of the stock is currently owned by institutional investors.

Insider Transactions at Greif

In other Greif news, EVP Bala Sathyanarayanan sold 10,838 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $74.90, for a total value of $811,766.20. Following the transaction, the executive vice president owned 36,807 shares of the company’s stock, valued at approximately $2,756,844.30. This represents a 22.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Lawrence A. Hilsheimer sold 22,778 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $71.83, for a total value of $1,636,143.74. The SEC filing for this sale provides additional information. Over the last quarter, insiders bought 22,252 shares of company stock worth $1,971,735 and sold 70,944 shares worth $5,095,812. Corporate insiders own 7.70% of the company’s stock.

Wall Street Analysts Forecast Growth

GEF has been the topic of a number of analyst reports. Truist Financial boosted their price target on Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. Wall Street Zen raised Greif from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Robert W. Baird set a $75.00 price target on Greif in a research report on Thursday, January 29th. Finally, Wells Fargo & Company upped their price target on shares of Greif from $73.00 to $76.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Greif presently has an average rating of “Hold” and an average target price of $75.25.

Greif Stock Down 2.3%

GEF stock opened at $70.00 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.23 and a quick ratio of 0.93. Greif, Inc. has a 1-year low of $48.23 and a 1-year high of $77.14. The stock has a market capitalization of $3.24 billion, a P/E ratio of 25.93, a P/E/G ratio of 0.55 and a beta of 0.95. The business has a fifty day moving average price of $72.35 and a 200-day moving average price of $65.87.

Greif (NYSE:GEF) last issued its earnings results on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.21). The business had revenue of $994.80 million during the quarter, compared to analysts’ expectations of $1.02 billion. Greif had a return on equity of 8.46% and a net margin of 7.52%.Greif’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. Equities analysts forecast that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be issued a $0.56 dividend. The ex-dividend date is Monday, March 16th. This represents a $2.24 annualized dividend and a yield of 3.2%. Greif’s dividend payout ratio (DPR) is currently 82.96%.

Greif 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.