Sanctuary Advisors LLC Has $436,000 Position in Greif, Inc. (NYSE:GEF)

Sanctuary Advisors LLC raised its stake in shares of Greif, Inc. (NYSE:GEF) by 24.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,953 shares of the industrial products company’s stock after purchasing an additional 1,344 shares during the period. Sanctuary Advisors LLC’s holdings in Greif were worth $436,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of GEF. Allspring Global Investments Holdings LLC grew its stake in Greif by 770.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,933 shares of the industrial products company’s stock valued at $111,000 after buying an additional 1,711 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Greif in the second quarter worth about $64,000. nVerses Capital LLC bought a new position in shares of Greif in the second quarter worth about $80,000. Cadence Wealth Management LLC lifted its position in shares of Greif by 11.1% during the 2nd quarter. Cadence Wealth Management LLC now owns 4,460 shares of the industrial products company’s stock worth $256,000 after purchasing an additional 444 shares during the last quarter. Finally, Versor Investments LP boosted its stake in Greif by 15.9% during the 2nd quarter. Versor Investments LP now owns 18,234 shares of the industrial products company’s stock valued at $1,048,000 after purchasing an additional 2,507 shares during the period. Institutional investors own 45.74% of the company’s stock.

Greif Price Performance

Shares of Greif stock opened at $61.80 on Friday. Greif, Inc. has a twelve month low of $55.95 and a twelve month high of $73.16. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.14 and a current ratio of 1.53. The firm has a market cap of $2.92 billion, a P/E ratio of 13.67, a price-to-earnings-growth ratio of 1.19 and a beta of 0.92. The firm’s 50-day simple moving average is $66.27 and its 200-day simple moving average is $63.11.

Greif (NYSE:GEF) last released its quarterly earnings data on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.23). The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. Greif had a net margin of 4.81% and a return on equity of 11.85%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.56 earnings per share. As a group, research analysts expect that Greif, Inc. will post 4.49 EPS for the current fiscal year.

Greif Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Monday, December 16th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Monday, December 16th. Greif’s payout ratio is 47.79%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial reiterated a “hold” rating and set a $67.00 price target (down from $69.00) on shares of Greif in a report on Friday, August 30th. Robert W. Baird upped their target price on shares of Greif from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Sidoti initiated coverage on shares of Greif in a research report on Wednesday, November 20th. They issued a “buy” rating and a $93.00 price target on the stock. Finally, Bank of America dropped their price objective on shares of Greif from $77.00 to $73.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $78.67.

Insider Buying and Selling

In other Greif news, Director B Andrew Rose purchased 3,500 shares of the company’s 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 acquisition, the director now directly owns 3,500 shares of the company’s stock, valued at approximately $245,700. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Lawrence A. Hilsheimer acquired 1,100 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $67.61 per share, with a total value of $74,371.00. Following the transaction, the chief financial officer now owns 163,251 shares in the company, valued at approximately $11,037,400.11. The trade was a 0.68 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 5,150 shares of company stock worth $357,405 in the last quarter. 3.07% of the stock is owned by corporate insiders.

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.