Two Sigma Investments LP Sells 7,643 Shares of Greif, Inc. (NYSE:GEF)

Two Sigma Investments LP trimmed its position in Greif, Inc. (NYSE:GEF - Free Report) by 36.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 13,150 shares of the industrial products company's stock after selling 7,643 shares during the period. Two Sigma Investments LP's holdings in Greif were worth $804,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Thrivent Financial for Lutherans increased its holdings in Greif by 2.2% in the fourth 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. acquired a new stake in Greif in the fourth quarter valued at $46,279,000. Charles Schwab Investment Management Inc. increased its holdings in Greif by 8.4% in the fourth 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 increased its holdings in Greif by 2.1% in the fourth 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 increased its holdings in Greif by 2.5% in the fourth 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. 45.74% of the stock is currently owned by institutional investors.

Insider Activity at Greif

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

Analyst Ratings Changes

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

Greif Trading Up 0.5%

Greif stock traded up $0.35 during trading hours on Wednesday, reaching $64.54. 237,072 shares of the company's stock were exchanged, compared to its average volume of 175,490. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 1.26. The firm's 50 day simple moving average is $54.85 and its 200 day simple moving average is $58.80. Greif, Inc. has a twelve month low of $48.23 and a twelve month high of $73.16. The firm has a market capitalization of $3.06 billion, a PE ratio of 14.28, a PEG ratio of 1.02 and a beta of 0.95.

Greif (NYSE:GEF - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The industrial products company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.11. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.43 billion. Greif had a return on equity of 11.84% and a net margin of 4.81%. The business's revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business posted $0.82 EPS. Research analysts predict that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 17th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $2.16 annualized dividend and a dividend yield of 3.35%. 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.