Greif, Inc. (NYSE:GEF) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its holdings in Greif, Inc. (NYSE:GEF - Free Report) by 51.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,493 shares of the industrial products company's stock after selling 129,471 shares during the period. Invesco Ltd. owned approximately 0.26% of Greif worth $7,548,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC purchased a new stake in shares of Greif during the 4th quarter valued at about $31,000. Principal Securities Inc. lifted its stake in shares of Greif by 28.2% in the 4th quarter. Principal Securities Inc. now owns 2,444 shares of the industrial products company's stock valued at $149,000 after purchasing an additional 537 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Greif by 5.6% in the 4th quarter. QRG Capital Management Inc. now owns 3,966 shares of the industrial products company's stock worth $242,000 after purchasing an additional 211 shares during the period. Park Avenue Securities LLC raised its holdings in Greif by 26.6% during the 4th quarter. Park Avenue Securities LLC now owns 5,133 shares of the industrial products company's stock valued at $314,000 after buying an additional 1,077 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Greif by 31.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,452 shares of the industrial products company's stock worth $333,000 after buying an additional 1,320 shares during the last quarter. Institutional investors own 45.74% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GEF. Bank of America reduced their target price on shares of Greif from $79.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Truist Financial decreased their price objective on shares of Greif from $65.00 to $56.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their price target on Greif from $76.00 to $75.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, Robert W. Baird decreased their price target on Greif from $75.00 to $68.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $75.50.

Insider Activity

In other news, Director Mark A. Emkes bought 3,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $55.89 per share, with a total value of $167,670.00. Following the completion of the acquisition, the director now directly owns 44,257 shares of the company's stock, valued at $2,473,523.73. This trade represents a 7.27 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frank Calhoun V. Miller bought 1,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $58.50 per share, for a total transaction of $58,500.00. Following the transaction, the director now owns 1,000 shares of the company's stock, valued at $58,500. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 7.60% of the company's stock.

Greif Stock Down 2.2 %

Shares of Greif stock traded down $1.17 during trading on Wednesday, hitting $52.47. 148,768 shares of the stock traded hands, compared to its average volume of 170,351. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26. The stock's fifty day simple moving average is $54.30 and its 200 day simple moving average is $60.59. The firm has a market cap of $2.49 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. Greif, Inc. has a 52-week low of $48.23 and a 52-week high of $73.16.

Greif (NYSE:GEF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The industrial products company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.33). The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.26 billion. Greif had a return on equity of 11.84% and a net margin of 4.81%. On average, equities analysts predict that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Monday, March 17th. Greif's dividend payout ratio is currently 61.71%.

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.