Twelve Points Wealth Management LLC Cuts Stake in Greif, Inc. $GEF

Twelve Points Wealth Management LLC lowered its stake in shares of Greif, Inc. (NYSE:GEF) by 39.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,857 shares of the industrial products company’s stock after selling 13,583 shares during the period. Twelve Points Wealth Management LLC’s holdings in Greif were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of GEF. Thrivent Financial for Lutherans increased its holdings in Greif by 6.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 895,344 shares of the industrial products company’s stock valued at $53,506,000 after acquiring an additional 54,256 shares during the last quarter. AlphaQuest LLC bought a new position in shares of Greif during the 3rd quarter valued at about $1,220,000. Envestnet Asset Management Inc. boosted its holdings in shares of Greif by 10.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 144,524 shares of the industrial products company’s stock valued at $8,637,000 after purchasing an additional 13,393 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Greif by 30.6% during the third quarter. Principal Financial Group Inc. now owns 78,173 shares of the industrial products company’s stock valued at $4,672,000 after purchasing an additional 18,339 shares in the last quarter. Finally, Swedbank AB bought a new stake in shares of Greif in the third quarter worth about $3,203,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Greif Trading Down 0.1%

Shares of GEF stock opened at $70.14 on Friday. The company has a market cap of $3.25 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 0.58 and a beta of 0.92. Greif, Inc. has a 1 year low of $49.99 and a 1 year high of $77.14. The stock’s 50 day simple moving average is $70.35 and its two-hundred day simple moving average is $66.52. 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 (NYSE:GEF) last announced its earnings results on Tuesday, January 27th. The industrial products company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.21). Greif had a return on equity of 8.46% and a net margin of 7.52%.The company had revenue of $994.80 million during the quarter, compared to analysts’ expectations of $1.02 billion. During the same quarter last year, the firm posted $0.39 EPS. Greif’s revenue for the quarter was down 2.2% compared to the same quarter last year. Research analysts predict that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 16th were given a dividend of $0.56 per share. The ex-dividend date was Monday, March 16th. This represents a $2.24 dividend on an annualized basis and a yield of 3.2%. Greif’s payout ratio is 82.96%.

Analyst Ratings Changes

GEF has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Friday, March 20th. Zacks Research raised Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Robert W. Baird set a $75.00 target price on Greif in a research report on Thursday, January 29th. Finally, Truist Financial boosted their price target on shares of Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.75.

Insiders Place Their Bets

In other Greif news, SVP Timothy Bergwall sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $67.49, for a total transaction of $134,980.00. Following the completion of the transaction, the senior vice president owned 71,832 shares in the company, valued at $4,847,941.68. The trade was a 2.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Gaylord Benner sold 2,800 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $75.58, for a total value of $211,624.00. Following the completion of the transaction, the senior vice president directly owned 7,163 shares in the company, valued at $541,379.54. This trade represents a 28.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have bought 22,252 shares of company stock valued at $1,971,735 and have sold 54,211 shares valued at $3,950,846. Insiders own 7.70% 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.