Greif, Inc. (NYSE:GEF) Shares Acquired by Systematic Financial Management LP

Systematic Financial Management LP grew its holdings in shares of Greif, Inc. (NYSE:GEF - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 310,236 shares of the industrial products company's stock after purchasing an additional 7,684 shares during the period. Systematic Financial Management LP owned approximately 0.66% of Greif worth $18,962,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Moran Wealth Management LLC purchased a new stake in Greif in the 4th quarter valued at approximately $2,594,000. Foundry Partners LLC purchased a new position in shares of Greif in the 4th quarter worth $448,000. William Blair Investment Management LLC raised 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 period. Charles Schwab Investment Management Inc. raised its position 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. Finally, Thrivent Financial for Lutherans raised its position 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. Hedge funds and other institutional investors own 45.74% of the company's stock.

Analysts Set New Price Targets

GEF has been the subject of several recent analyst reports. Truist Financial lowered their target price on Greif from $65.00 to $56.00 and set a "hold" rating for the company in a research note on Tuesday, April 22nd. Robert W. Baird lowered their target price on Greif from $75.00 to $68.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Finally, Wells Fargo & Company lowered their target price on Greif from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $75.50.

Greif Stock Down 0.1%

NYSE:GEF traded down $0.08 during mid-day trading on Thursday, reaching $55.39. The stock had a trading volume of 25,812 shares, compared to its average volume of 170,198. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94. Greif, Inc. has a 1-year low of $48.23 and a 1-year high of $73.16. The stock's 50 day simple moving average is $53.87 and its two-hundred day simple moving average is $59.73. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 1.13.

Greif (NYSE:GEF - Get Free Report) last issued its earnings results 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 company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.26 billion. Equities analysts anticipate that Greif, Inc. will post 4.11 EPS for the current year.

Greif Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th were paid a $0.54 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.16 dividend on an annualized basis and a yield of 3.90%. Greif's payout ratio is currently 61.71%.

Insider Buying and Selling at Greif

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

About Greif

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.