XTX Topco Ltd Takes Position in Greif, Inc. (NYSE:GEF)

XTX Topco Ltd purchased a new stake in shares of Greif, Inc. (NYSE:GEF - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 7,050 shares of the industrial products company's stock, valued at approximately $431,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of GEF. Sanctuary Advisors LLC boosted its stake in shares of Greif by 24.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,953 shares of the industrial products company's stock worth $436,000 after acquiring an additional 1,344 shares during the last quarter. Park Avenue Securities LLC grew its holdings in Greif by 26.6% during the fourth quarter. Park Avenue Securities LLC now owns 5,133 shares of the industrial products company's stock valued at $314,000 after purchasing an additional 1,077 shares during the period. Wedge Capital Management L L P NC increased its position in Greif by 8.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 22,578 shares of the industrial products company's stock worth $1,380,000 after buying an additional 1,832 shares in the last quarter. Avior Wealth Management LLC bought a new position in shares of Greif in the fourth quarter worth about $31,000. Finally, Twelve Points Wealth Management LLC lifted its position in shares of Greif by 15.1% during the 4th quarter. Twelve Points Wealth Management LLC now owns 30,684 shares of the industrial products company's stock valued at $1,875,000 after buying an additional 4,036 shares in the last quarter. 45.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GEF has been the topic of several analyst reports. Truist Financial lowered their price target on shares of Greif from $65.00 to $56.00 and set a "hold" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on Greif from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Bank of America lowered their price target on Greif from $79.00 to $73.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, Robert W. Baird lowered their target price 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $75.50.

Greif Trading Down 0.7 %

Shares of GEF traded down $0.38 during midday trading on Friday, hitting $53.41. The stock had a trading volume of 100,066 shares, compared to its average volume of 170,717. Greif, Inc. has a 1 year low of $48.23 and a 1 year high of $73.16. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.53 and a quick ratio of 1.13. The stock's 50 day moving average is $54.75 and its 200 day moving average is $60.76. The firm has a market cap of $2.53 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.

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

Greif Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Monday, March 17th. Greif's dividend payout ratio is presently 61.71%.

Insider Activity at Greif

In other Greif news, VP David C. Lloyd sold 2,263 shares of the stock in a transaction dated 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 directly owns 7,580 shares in the company, valued at $418,719.20. This represents a 22.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank Calhoun V. Miller purchased 1,000 shares of Greif stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $58.50 per share, with a total value of $58,500.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at approximately $58,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 7.60% of the stock is currently owned by company insiders.

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.