Twelve Points Wealth Management LLC Raises Stock Holdings in Greif, Inc. (NYSE:GEF)

Twelve Points Wealth Management LLC boosted its stake in Greif, Inc. (NYSE:GEF - Free Report) by 12.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,504 shares of the industrial products company's stock after purchasing an additional 3,820 shares during the quarter. Twelve Points Wealth Management LLC owned approximately 0.07% of Greif worth $1,897,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Greif by 104.9% in the 1st quarter. Parallel Advisors LLC now owns 838 shares of the industrial products company's stock worth $46,000 after purchasing an additional 429 shares during the period. Quarry LP bought a new position in Greif in the 4th quarter worth about $53,000. PharVision Advisers LLC bought a new position in Greif in the 4th quarter worth about $207,000. Nomura Holdings Inc. purchased a new stake in shares of Greif in the 4th quarter valued at about $209,000. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in shares of Greif in the 4th quarter valued at about $237,000. Institutional investors own 45.74% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Bank of America reissued a "neutral" rating and set a $77.00 price objective (up from $71.00) on shares of Greif in a report on Wednesday. Wells Fargo & Company decreased their price objective on Greif from $75.00 to $67.00 and set an "overweight" rating on the stock in a report on Tuesday, June 3rd. Finally, Truist Financial lowered their price objective on Greif from $65.00 to $56.00 and set a "hold" rating for the company in a research report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $74.83.

Insiders Place Their Bets

In related news, EVP Gary R. Martz sold 29,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $68.90, for a total transaction of $1,998,100.00. Following the completion of the transaction, the executive vice president directly owned 68,186 shares of the company's stock, valued at approximately $4,698,015.40. This represents a 29.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Lawrence A. Hilsheimer sold 1,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $68.88, for a total value of $68,880.00. Following the transaction, the chief financial officer directly owned 100,677 shares of the company's stock, valued at approximately $6,934,631.76. The trade was a 0.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,741 shares of company stock worth $6,312,012. 7.60% of the stock is currently owned by insiders.

Greif Stock Down 0.8%

Shares of GEF stock traded down $0.55 during mid-day trading on Friday, hitting $66.94. The company's stock had a trading volume of 241,393 shares, compared to its average volume of 179,389. Greif, Inc. has a 52-week low of $48.23 and a 52-week high of $73.16. The business has a 50-day moving average price of $61.11 and a 200 day moving average price of $58.60. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.96 and a current ratio of 1.27. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.38 and a beta of 0.99.

Greif (NYSE:GEF - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The industrial products company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.08 by $0.11. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.43 billion. Greif had a return on equity of 10.21% and a net margin of 3.74%. The business's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. Research analysts predict that Greif, Inc. will post 4.11 EPS for the current fiscal year.

Greif Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Tuesday, June 17th. Greif's dividend payout ratio (DPR) is 60.85%.

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.