Greif, Inc. (NYSE:GEF) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its position in Greif, Inc. (NYSE:GEF) by 8.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,151 shares of the industrial products company’s stock after acquiring an additional 543 shares during the quarter. Benjamin Edwards Inc.’s holdings in Greif were worth $437,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of GEF. Park Avenue Securities LLC grew its holdings in shares of Greif by 26.6% in the fourth quarter. Park Avenue Securities LLC now owns 5,133 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 1,077 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Greif by 8.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 22,578 shares of the industrial products company’s stock worth $1,380,000 after acquiring an additional 1,832 shares in the last quarter. Avior Wealth Management LLC purchased a new stake in shares of Greif during the fourth quarter worth $31,000. Twelve Points Wealth Management LLC raised its stake in shares of Greif by 15.1% in the fourth quarter. Twelve Points Wealth Management LLC now owns 30,684 shares of the industrial products company’s stock valued at $1,875,000 after acquiring an additional 4,036 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in Greif by 4.2% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,541 shares of the industrial products company’s stock valued at $342,000 after purchasing an additional 221 shares during the period. 45.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Greif

In other Greif news, VP David C. Lloyd sold 2,263 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $55.24, for a total transaction of $125,008.12. Following the completion of the sale, the vice president now directly owns 7,580 shares of the company’s stock, valued at $418,719.20. This represents a 22.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank Calhoun V. Miller bought 1,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was bought at an average price of $58.50 per share, for a total transaction of $58,500.00. Following the completion of the purchase, the director now directly owns 1,000 shares in the company, valued at approximately $58,500. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 7.60% of the stock is owned by company insiders.

Greif Stock Down 0.3 %

GEF stock opened at $54.70 on Friday. The stock has a market cap of $2.59 billion, a P/E ratio of 12.10, a PEG ratio of 1.02 and a beta of 0.94. 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, Inc. has a twelve month low of $48.23 and a twelve month high of $73.16. The company’s 50 day moving average is $53.78 and its two-hundred day moving average is $60.07.

Greif (NYSE:GEF) last announced its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.33). The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Greif had a net margin of 4.81% and a return on equity of 11.84%. Research analysts expect that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.95%. The ex-dividend date of this dividend was Monday, March 17th. Greif’s dividend payout ratio (DPR) is 61.71%.

Analyst Ratings Changes

GEF has been the topic of several recent research reports. Truist Financial cut their price target on Greif from $65.00 to $56.00 and set a “hold” rating on the stock in a report on Tuesday, April 22nd. Robert W. Baird reduced their target price on shares of Greif from $75.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Finally, Wells Fargo & Company lowered their price target on shares of Greif from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.50.

Greif 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.