Quadrature Capital Ltd Purchases Shares of 5,579 Greif, Inc. (NYSE:GEF)

Quadrature Capital Ltd purchased a new stake in shares of Greif, Inc. (NYSE:GEF) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 5,579 shares of the industrial products company’s stock, valued at approximately $366,000.

Other hedge funds have also added to or reduced their stakes in the company. TFO Wealth Partners LLC lifted its holdings in Greif by 162,700.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,628 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 1,627 shares during the last quarter. Bfsg LLC acquired a new stake in Greif during the 4th quarter valued at $176,000. Quest Partners LLC acquired a new stake in shares of Greif during the fourth quarter worth $192,000. Kestra Advisory Services LLC acquired a new stake in shares of Greif during the third quarter worth $213,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Greif during the fourth quarter worth $229,000. Institutional investors and hedge funds own 45.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their target price on Greif from $78.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. Truist Financial assumed coverage on Greif in a report on Thursday, April 18th. They set a “hold” rating and a $71.00 target price for the company. Bank of America raised Greif from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $77.00 in a report on Monday, June 17th. Finally, StockNews.com downgraded Greif from a “buy” rating to a “hold” rating in a research note on Friday, June 7th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $80.50.

Greif Stock Up 0.8 %

GEF stock opened at $61.73 on Tuesday. The company has a market cap of $2.91 billion, a PE ratio of 13.28, a price-to-earnings-growth ratio of 1.46 and a beta of 0.89. The business has a 50-day simple moving average of $62.82 and a 200 day simple moving average of $63.83. Greif, Inc. has a 52 week low of $60.03 and a 52 week high of $76.00. The company has a quick ratio of 1.17, a current ratio of 1.57 and a debt-to-equity ratio of 1.38.

Greif (NYSE:GEF) last posted its quarterly earnings results on Wednesday, June 5th. The industrial products company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.05. Greif had a return on equity of 15.57% and a net margin of 5.17%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm earned $1.77 earnings per share. Greif’s revenue for the quarter was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that Greif, Inc. will post 4.27 EPS for the current fiscal year.

Greif Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Tuesday, June 18th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Tuesday, June 18th. Greif’s dividend payout ratio is presently 44.73%.

Insider Buying and Selling at Greif

In other Greif news, VP Gary R. Martz bought 4,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were purchased at an average price of $68.98 per share, for a total transaction of $275,920.00. Following the completion of the transaction, the vice president now directly owns 17,018 shares in the company, valued at approximately $1,173,901.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Gary R. Martz purchased 1,807 shares of Greif stock in a transaction dated Monday, April 8th. The shares were bought at an average cost of $68.37 per share, for a total transaction of $123,544.59. Following the completion of the acquisition, the vice president now owns 23,100 shares in the company, valued at approximately $1,579,347. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Gary R. Martz purchased 4,000 shares of Greif stock in a transaction dated Thursday, April 4th. The shares were purchased at an average price of $68.98 per share, for a total transaction of $275,920.00. Following the completion of the acquisition, the vice president now owns 17,018 shares of the company’s stock, valued at approximately $1,173,901.64. The disclosure for this purchase can be found here. Insiders have acquired a total of 7,732 shares of company stock worth $532,020 over the last 90 days. Insiders own 3.07% of the company’s stock.

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.