Greif, Inc. (NYSE:GEF) Holdings Increased by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Greif, Inc. (NYSE:GEF - Free Report) by 217.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,706 shares of the industrial products company's stock after acquiring an additional 14,193 shares during the period. SG Americas Securities LLC's holdings in Greif were worth $1,139,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in GEF. Thrivent Financial for Lutherans lifted its position in shares of Greif by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 801,429 shares of the industrial products company's stock worth $48,983,000 after buying an additional 17,425 shares during the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of Greif in the 4th quarter worth about $46,279,000. Charles Schwab Investment Management Inc. lifted its position in shares of Greif by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,725 shares of the industrial products company's stock worth $34,760,000 after buying an additional 44,088 shares during the last quarter. William Blair Investment Management LLC lifted its position in shares of Greif by 2.1% in the 4th quarter. William Blair Investment Management LLC now owns 535,932 shares of the industrial products company's stock worth $32,756,000 after buying an additional 11,210 shares during the last quarter. Finally, Systematic Financial Management LP lifted its position in shares of Greif by 2.5% in the 4th quarter. Systematic Financial Management LP now owns 310,236 shares of the industrial products company's stock worth $18,962,000 after buying an additional 7,684 shares during the last quarter. 45.74% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Greif

In other Greif news, CEO Ole G. Rosgaard sold 30,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $65.75, for a total transaction of $1,972,500.00. Following the sale, the chief executive officer now directly owns 97,464 shares in the company, valued at approximately $6,408,258. The trade was a 23.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 7.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

GEF has been the topic of a number of recent research reports. Truist Financial reduced their price target on shares of Greif from $65.00 to $56.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird reduced their price target on shares of Greif from $75.00 to $68.00 and set a "neutral" rating on the stock in a research report on Friday, February 28th. Finally, Wells Fargo & Company reduced their price target on shares of Greif from $75.00 to $67.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 3rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $74.17.

Greif Stock Performance

NYSE:GEF traded down $0.36 during mid-day trading on Friday, hitting $62.69. The stock had a trading volume of 395,102 shares, compared to its average volume of 175,769. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.59 and a beta of 0.95. The company has a 50 day simple moving average of $56.63 and a 200-day simple moving average of $58.34. Greif, Inc. has a 52 week low of $48.23 and a 52 week high of $73.16. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 1.07.

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 for the quarter, beating the consensus estimate of $1.08 by $0.11. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.43 billion. Greif had a net margin of 3.74% and a return on equity of 10.21%. Greif's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.82 EPS. On average, research analysts expect that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Tuesday, June 17th will be given a $0.54 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $2.16 annualized dividend and a yield of 3.45%. Greif's dividend payout ratio is presently 60.85%.

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.