12,800 Shares in Greif, Inc. $GEF Acquired by Versor Investments LP

Versor Investments LP purchased a new position in shares of Greif, Inc. (NYSE:GEF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,800 shares of the industrial products company’s stock, valued at approximately $832,000.

Other institutional investors have also made changes to their positions in the company. OneAscent Financial Services LLC bought a new position in Greif during the first quarter worth $608,000. Twelve Points Wealth Management LLC increased its position in Greif by 12.4% during the first quarter. Twelve Points Wealth Management LLC now owns 34,504 shares of the industrial products company’s stock worth $1,897,000 after acquiring an additional 3,820 shares during the period. Charles Schwab Investment Management Inc. increased its position in Greif by 4.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 596,557 shares of the industrial products company’s stock worth $32,805,000 after acquiring an additional 27,832 shares during the period. American Century Companies Inc. bought a new position in Greif during the first quarter worth $1,167,000. Finally, UniSuper Management Pty Ltd bought a new position in Greif during the first quarter worth $654,000. 45.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GEF has been the topic of a number of research reports. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 23rd. Bank of America dropped their target price on shares of Greif from $77.00 to $71.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 2nd. Wells Fargo & Company dropped their target price on shares of Greif from $76.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Greif in a report on Wednesday, October 8th. Finally, Truist Financial lowered their price target on shares of Greif from $72.00 to $71.00 and set a “hold” rating on the stock in a report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Greif currently has an average rating of “Hold” and an average price target of $74.00.

Greif Stock Up 0.1%

Shares of NYSE GEF opened at $56.76 on Monday. The firm’s 50-day simple moving average is $60.53 and its 200 day simple moving average is $61.25. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.00. The company has a quick ratio of 1.18, a current ratio of 1.41 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 $73.16.

Greif (NYSE:GEF) last released its earnings results on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.22. Greif had a net margin of 3.52% and a return on equity of 10.09%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $740.23 million. During the same period in the prior year, the company posted $1.03 EPS. The company’s revenue was down 2.6% compared to the same quarter last year. On average, research analysts expect that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $2.24 annualized dividend and a dividend yield of 3.9%. This is an increase from Greif’s previous quarterly dividend of $0.54. Greif’s dividend payout ratio (DPR) is 71.11%.

Insider Buying and Selling at Greif

In other news, SVP Timothy Bergwall sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $60.09, for a total transaction of $120,180.00. Following the completion of the transaction, the senior vice president directly owned 64,678 shares of the company’s stock, valued at $3,886,501.02. This trade represents a 3.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.60% of the stock is owned by corporate insiders.

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.