Mutual of America Capital Management LLC Has $874,000 Stock Holdings in Greif, Inc. (NYSE:GEF)

Mutual of America Capital Management LLC reduced its position in shares of Greif, Inc. (NYSE:GEF) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,949 shares of the industrial products company’s stock after selling 819 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Greif were worth $874,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in Greif by 59.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 753,812 shares of the industrial products company’s stock valued at $43,321,000 after purchasing an additional 280,330 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Greif by 17.6% during the second quarter. William Blair Investment Management LLC now owns 540,330 shares of the industrial products company’s stock valued at $31,053,000 after buying an additional 80,754 shares during the last quarter. AQR Capital Management LLC grew its holdings in Greif by 16.7% during the second quarter. AQR Capital Management LLC now owns 372,040 shares of the industrial products company’s stock worth $21,381,000 after buying an additional 53,110 shares in the last quarter. Systematic Financial Management LP raised its position in Greif by 12.3% in the 2nd quarter. Systematic Financial Management LP now owns 262,058 shares of the industrial products company’s stock valued at $15,061,000 after buying an additional 28,669 shares during the last quarter. Finally, Denali Advisors LLC lifted its stake in Greif by 36.5% during the 2nd quarter. Denali Advisors LLC now owns 105,513 shares of the industrial products company’s stock valued at $6,064,000 after acquiring an additional 28,200 shares in the last quarter. Institutional investors own 45.74% of the company’s stock.

Greif Stock Performance

Shares of GEF stock opened at $71.80 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average price of $64.39 and a 200-day moving average price of $62.66. Greif, Inc. has a 52 week low of $55.95 and a 52 week high of $73.16. The firm has a market capitalization of $3.39 billion, a PE ratio of 15.61 and a beta of 0.91.

Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.17 by ($0.14). The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Greif had a return on equity of 13.28% and a net margin of 4.99%. As a group, equities research analysts expect that Greif, Inc. will post 4.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $88.00 price objective on shares of Greif in a research note on Monday, August 26th. Bank of America dropped their price target on Greif from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Wells Fargo & Company reduced their price objective on Greif from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Monday, August 26th. Truist Financial reiterated a “hold” rating and set a $67.00 target price (down from $69.00) on shares of Greif in a research note on Friday, August 30th. Finally, Sidoti assumed coverage on shares of Greif in a research report on Wednesday, November 20th. They set a “buy” rating and a $93.00 price target for the company. Three 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $79.40.

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.