Greif, Inc. (NYSE:GEF) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Greif, Inc. (NYSE:GEF) by 8.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 568,725 shares of the industrial products company’s stock after purchasing an additional 44,088 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.21% of Greif worth $34,760,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of GEF. State of New Jersey Common Pension Fund D lifted its holdings in Greif by 3.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 31,183 shares of the industrial products company’s stock worth $1,954,000 after purchasing an additional 943 shares during the period. Thrivent Financial for Lutherans lifted its holdings in 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 last quarter. Quest Partners LLC lifted its holdings in Greif by 35.0% in the 3rd quarter. Quest Partners LLC now owns 2,257 shares of the industrial products company’s stock valued at $141,000 after acquiring an additional 585 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Greif by 14.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 20,098 shares of the industrial products company’s stock valued at $1,259,000 after acquiring an additional 2,531 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Greif in the 3rd quarter valued at about $518,000. Institutional investors and hedge funds own 45.74% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Truist Financial reissued a “hold” rating and issued a $65.00 price target (down from $71.00) on shares of Greif in a report on Monday, March 3rd. Wells Fargo & Company cut their price target on shares of Greif from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. Sidoti initiated coverage on shares of 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 cut their price objective 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 cut their price objective on Greif from $75.00 to $68.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.00.

Insider Activity

In other news, VP David C. Lloyd sold 2,263 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $55.24, for a total value of $125,008.12. Following the transaction, the vice president now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, Director B Andrew Rose purchased 3,500 shares of the stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of $70.20 per share, with a total value of $245,700.00. Following the purchase, the director now owns 3,500 shares in the company, valued at $245,700. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 10,225 shares of company stock worth $657,901 in the last 90 days. Company insiders own 7.60% of the company’s stock.

Greif Price Performance

Shares of GEF opened at $55.94 on Monday. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 12.38, a P/E/G ratio of 1.02 and a beta of 0.91. Greif, Inc. has a fifty-two week low of $53.43 and a fifty-two week 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 business’s 50-day moving average is $59.68 and its 200-day moving average is $62.62.

Greif (NYSE:GEF) last issued its earnings results on Wednesday, February 26th. The industrial products company reported $0.39 earnings per share 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%. Equities research analysts expect that Greif, Inc. will post 4.11 EPS for the current fiscal year.

Greif Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.86%. Greif’s dividend payout ratio is 61.71%.

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.