Greif, Inc. (NYSE:GEF) Shares Purchased by Twelve Points Wealth Management LLC

Twelve Points Wealth Management LLC raised its holdings in shares of Greif, Inc. (NYSE:GEF - Free Report) by 12.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,504 shares of the industrial products company's stock after acquiring 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 SEC filing.

A number of other hedge funds also recently made changes to their positions in GEF. Parallel Advisors LLC increased 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 acquiring an additional 429 shares during the last quarter. Quarry LP bought a new position in Greif in the 4th quarter valued at $53,000. PharVision Advisers LLC purchased a new position in shares of Greif during the fourth quarter valued at $207,000. Nomura Holdings Inc. purchased a new position in Greif during the 4th quarter valued at about $209,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Greif in the fourth quarter worth approximately $237,000. 45.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Greif Price Performance

Shares of NYSE:GEF traded down $0.37 during trading on Thursday, reaching $67.53. 217,362 shares of the company's stock traded hands, compared to its average volume of 179,381. Greif, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $73.16. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 1.07. The firm has a market cap of $3.20 billion, a PE ratio of 19.02, a P/E/G ratio of 1.70 and a beta of 0.99. The company has a 50-day simple moving average of $60.86 and a 200-day simple moving average of $58.58.

Greif (NYSE:GEF - Get Free Report) last posted its earnings results on Wednesday, June 4th. The industrial products company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.11. The firm had revenue of $1.39 billion for 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 company's quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $0.82 EPS. As a group, analysts predict that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Tuesday, June 17th. Greif's dividend payout ratio is presently 60.85%.

Insider Buying and Selling at Greif

In other Greif news, EVP Gary R. Martz sold 29,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $68.90, for a total value of $1,998,100.00. Following the transaction, the executive vice president directly owned 68,186 shares of the company's stock, valued at $4,698,015.40. This trade represents a 29.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kimberly Anne Kellermann sold 9,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $67.88, for a total transaction of $610,920.00. Following the completion of the transaction, the senior vice president directly owned 3,548 shares in the company, valued at $240,838.24. This trade represents a 71.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,741 shares of company stock valued at $6,312,012. Company insiders own 7.60% of the company's stock.

Greif Company 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.