Greif, Inc. (NYSE:GEF) has earned an average rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $35.25.
Several brokerages have recently issued reports on GEF. ValuEngine raised Greif from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised Greif from a “sell” rating to a “hold” rating and set a $34.00 target price for the company in a research report on Monday, August 19th.
A number of hedge funds have recently bought and sold shares of GEF. Parametric Portfolio Associates LLC increased its position in Greif by 12.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 205,343 shares of the industrial products company’s stock valued at $8,470,000 after buying an additional 22,285 shares in the last quarter. Acadian Asset Management LLC increased its position in Greif by 152.4% during the 1st quarter. Acadian Asset Management LLC now owns 18,918 shares of the industrial products company’s stock valued at $779,000 after buying an additional 11,422 shares in the last quarter. AJO LP bought a new position in Greif during the 1st quarter valued at approximately $776,000. Ontario Teachers Pension Plan Board bought a new position in Greif during the 1st quarter valued at approximately $417,000. Finally, GAM Holding AG increased its position in Greif by 31.1% during the 1st quarter. GAM Holding AG now owns 22,300 shares of the industrial products company’s stock valued at $920,000 after buying an additional 5,288 shares in the last quarter. 45.37% of the stock is owned by institutional investors.
Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.08. Greif had a return on equity of 19.40% and a net margin of 3.36%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the business posted $1.20 EPS. The business’s revenue was up 23.8% on a year-over-year basis. On average, research analysts forecast that Greif will post 3.81 EPS for the current fiscal year.
The company also recently announced a — dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th were given a $0.44 dividend. This represents a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, September 16th. Greif’s dividend payout ratio is currently 49.86%.
Greif Company Profile
Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.
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