Greif, Inc. (NYSE:GEF) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in Greif, Inc. (NYSE:GEF) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,654 shares of the industrial products company’s stock after selling 295 shares during the period. Mutual of America Capital Management LLC’s holdings in Greif were worth $835,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Greif by 9.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,637 shares of the industrial products company’s stock valued at $32,874,000 after buying an additional 44,473 shares during the period. Systematic Financial Management LP increased its position in shares of Greif by 15.5% in the third quarter. Systematic Financial Management LP now owns 302,552 shares of the industrial products company’s stock worth $18,958,000 after acquiring an additional 40,494 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Greif by 4.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 784,004 shares of the industrial products company’s stock valued at $49,126,000 after acquiring an additional 30,192 shares during the period. Stifel Financial Corp raised its stake in shares of Greif by 97.0% in the 3rd quarter. Stifel Financial Corp now owns 34,045 shares of the industrial products company’s stock valued at $2,133,000 after acquiring an additional 16,759 shares during the period. Finally, Zacks Investment Management purchased a new stake in Greif during the 3rd quarter worth $610,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Insider Buying and Selling at Greif

In other news, VP David C. Lloyd sold 2,263 shares of the company’s stock in a transaction dated 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 owns 7,580 shares in the company, valued at approximately $418,719.20. This represents a 22.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director B Andrew Rose purchased 3,500 shares of Greif stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of $70.20 per share, for a total transaction of $245,700.00. Following the transaction, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $245,700. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 9,225 shares of company stock worth $599,401 in the last ninety days. 7.60% of the stock is owned by insiders.

Greif Trading Up 1.9 %

NYSE:GEF opened at $57.58 on Monday. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91. Greif, Inc. has a one year low of $53.43 and a one year high of $73.16. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.53. The business’s 50-day simple moving average is $60.25 and its 200 day simple moving average is $62.91.

Greif (NYSE:GEF) last announced its earnings results on Wednesday, February 26th. The industrial products company reported $0.39 earnings per share (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 analyst estimates of $1.26 billion. Greif had a net margin of 4.81% and a return on equity of 11.84%. As a group, sell-side analysts predict that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a $0.54 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.16 annualized dividend and a yield of 3.75%. Greif’s dividend payout ratio is presently 61.71%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Sidoti assumed coverage on Greif in a report on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price target for the company. Bank of America lowered their target price on Greif from $79.00 to $73.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company dropped their target price on Greif from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Truist Financial restated a “hold” rating and issued a $65.00 price target (down previously from $71.00) on shares of Greif in a report on Monday, March 3rd. Finally, Robert W. Baird dropped their price objective on shares of Greif from $75.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

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.