Greif, Inc. $GEF Shares Bought by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC increased its Greif stake by 631.5% in the fourth quarter, ending with 26,043 shares worth about $1.76 million. Institutional investors overall own 45.74% of the company.
• Greif shares were down 0.6% to $63.94, with the stock trading below its 50-day and 200-day moving averages. The company has a market cap of $2.95 billion and a beta of 0.82.
• Greif reported Q4 earnings below expectations, posting $1.10 per share versus the $1.16 consensus, while revenue of $1.07 billion also missed estimates. Analysts currently have a consensus Hold rating with an average price target of $73.50.

New Age Alpha Advisors LLC grew its stake in shares of Greif, Inc. (NYSE:GEF - Free Report) by 631.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,043 shares of the industrial products company's stock after purchasing an additional 22,483 shares during the quarter. New Age Alpha Advisors LLC owned 0.06% of Greif worth $1,763,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its stake in shares of Greif by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 899,137 shares of the industrial products company's stock worth $60,872,000 after purchasing an additional 3,793 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Greif by 10.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company's stock worth $56,715,000 after purchasing an additional 79,813 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Greif by 75.5% during the third quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company's stock worth $31,352,000 after purchasing an additional 225,659 shares in the last quarter. Medina Value Partners LLC lifted its stake in shares of Greif by 19.3% during the third quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company's stock worth $22,246,000 after purchasing an additional 60,338 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Greif by 16.3% in the third quarter. Invesco Ltd. now owns 148,748 shares of the industrial products company's stock worth $8,889,000 after acquiring an additional 20,858 shares in the last quarter. Institutional investors and hedge funds own 45.74% of the company's stock.

Greif Trading Down 0.6%

NYSE:GEF opened at $63.94 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.00 and a current ratio of 1.28. Greif, Inc. has a one year low of $54.48 and a one year high of $77.14. The business's 50-day simple moving average is $66.35 and its 200 day simple moving average is $68.21. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 24.50, a price-to-earnings-growth ratio of 0.66 and a beta of 0.82.

Greif (NYSE:GEF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.06). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. Greif had a net margin of 7.27% and a return on equity of 7.50%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share. As a group, sell-side analysts predict that Greif, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on GEF shares. Zacks Research upgraded Greif from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 21st. Wells Fargo & Company cut their price target on Greif from $76.00 to $70.00 and set an "equal weight" rating on the stock in a research note on Friday, March 20th. Robert W. Baird set a $75.00 price target on Greif in a research note on Thursday, January 29th. Finally, Truist Financial cut their price target on Greif from $79.00 to $78.00 and set a "hold" rating on the stock in a research note on Monday, May 4th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Greif has an average rating of "Hold" and a consensus price target of $73.50.

Insiders Place Their Bets

In related news, SVP Timothy Bergwall sold 2,000 shares of the business's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $67.66, for a total value of $135,320.00. Following the completion of the sale, the senior vice president directly owned 67,832 shares of the company's stock, valued at $4,589,513.12. The trade was a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,000 shares of company stock valued at $411,140 over the last three months. 7.70% of the stock is owned by insiders.

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.

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