Twelve Points Wealth Management LLC Acquires 3,820 Shares of Greif, Inc. (NYSE:GEF)

Twelve Points Wealth Management LLC lifted its stake in shares of 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 SEC. The institutional investor 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 about 0.07% of Greif worth $1,897,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in Greif by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 801,429 shares of the industrial products company's stock valued at $48,983,000 after purchasing an additional 17,425 shares during the period. Deprince Race & Zollo Inc. bought a new stake in Greif during the 4th quarter valued at approximately $46,279,000. Charles Schwab Investment Management Inc. boosted its stake in Greif by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,725 shares of the industrial products company's stock valued at $34,760,000 after purchasing an additional 44,088 shares during the period. William Blair Investment Management LLC boosted its stake in Greif by 2.1% during the 4th quarter. William Blair Investment Management LLC now owns 535,932 shares of the industrial products company's stock valued at $32,756,000 after purchasing an additional 11,210 shares during the period. Finally, Systematic Financial Management LP boosted its stake in Greif by 2.5% during the 4th quarter. Systematic Financial Management LP now owns 310,236 shares of the industrial products company's stock valued at $18,962,000 after purchasing an additional 7,684 shares during the period. Institutional investors own 45.74% of the company's stock.

Analyst Upgrades and Downgrades

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

Greif Stock Performance

NYSE GEF traded up $0.10 during trading on Thursday, reaching $68.00. 56,317 shares of the company's stock were exchanged, compared to its average volume of 180,941. The business has a 50 day moving average price of $60.56 and a 200-day moving average price of $58.53. The stock has a market capitalization of $3.23 billion, a P/E ratio of 19.17, a PEG ratio of 1.72 and a beta of 0.99. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.27 and a quick ratio of 0.96. Greif, Inc. has a fifty-two week low of $48.23 and a fifty-two week high of $73.16.

Greif (NYSE:GEF - Get Free Report) last issued its quarterly earnings data on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.11. The company 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 revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. Sell-side analysts forecast that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 17th were given a dividend of $0.54 per share. The ex-dividend date was Tuesday, June 17th. This represents a $2.16 annualized dividend and a yield of 3.18%. Greif's dividend payout ratio is currently 60.85%.

Insider Activity

In related news, CEO Ole G. Rosgaard sold 30,000 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $65.75, for a total value of $1,972,500.00. Following the completion of the sale, the chief executive officer directly owned 97,464 shares in the company, valued at $6,408,258. This represents a 23.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Lawrence A. Hilsheimer sold 1,000 shares of the company's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $68.88, for a total transaction of $68,880.00. Following the sale, the chief financial officer directly owned 100,677 shares in the company, valued at $6,934,631.76. This trade represents a 0.98% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,741 shares of company stock valued at $6,312,012 in the last three months. Company insiders own 7.60% of the company's stock.

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.