Schonfeld Strategic Advisors LLC Makes New Investment in Greif, Inc. (NYSE:GEF)

Schonfeld Strategic Advisors LLC acquired a new stake in Greif, Inc. (NYSE:GEF - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,230 shares of the industrial products company's stock, valued at approximately $747,000.

Other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC acquired a new stake in Greif during the 4th quarter worth $31,000. Quarry LP bought a new position in shares of Greif in the fourth quarter valued at $53,000. Principal Securities Inc. raised its holdings 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 period. Susquehanna Fundamental Investments LLC bought a new stake in Greif in the fourth quarter valued at approximately $237,000. Finally, QRG Capital Management Inc. raised its stake in Greif by 5.6% in the 4th quarter. QRG Capital Management Inc. now owns 3,966 shares of the industrial products company's stock valued at $242,000 after acquiring an additional 211 shares during the period. Institutional investors own 45.74% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on GEF. Truist Financial lowered their price objective on 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 decreased their price target on shares of Greif from $75.00 to $68.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Finally, Wells Fargo & Company dropped their target price on Greif from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Four equities research 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, the company has an average rating of "Moderate Buy" and a consensus price target of $75.50.

Greif Trading Down 0.4%

GEF stock traded down $0.24 during mid-day trading on Thursday, reaching $56.26. The company's stock had a trading volume of 35,880 shares, compared to its average volume of 170,442. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26. Greif, Inc. has a 12 month low of $48.23 and a 12 month high of $73.16. The business's 50 day moving average price is $53.75 and its 200 day moving average price is $59.96. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94.

Greif (NYSE:GEF - Get Free Report) last announced 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). Greif had a net margin of 4.81% and a return on equity of 11.84%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. On average, equities research analysts predict that Greif, Inc. will post 4.11 EPS for the current year.

Greif Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Monday, March 17th. Greif's payout ratio is currently 61.71%.

Insider Buying and Selling

In related news, Director Frank Calhoun V. Miller purchased 1,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $58.50 per share, for a total transaction of $58,500.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $58,500. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP David C. Lloyd sold 2,263 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $55.24, for a total transaction of $125,008.12. Following the transaction, the vice president now owns 7,580 shares of the company's stock, valued at $418,719.20. This trade represents a 22.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.60% of the stock is currently owned by corporate insiders.

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.