Greif, Inc. (NYSE:GEF) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP trimmed its stake in shares of Greif, Inc. (NYSE:GEF - Free Report) by 36.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,083 shares of the industrial products company's stock after selling 6,791 shares during the quarter. ExodusPoint Capital Management LP's holdings in Greif were worth $739,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Stifel Financial Corp lifted its position in shares of Greif by 97.0% during the 3rd quarter. Stifel Financial Corp now owns 34,045 shares of the industrial products company's stock worth $2,133,000 after purchasing an additional 16,759 shares during the last quarter. Moran Wealth Management LLC acquired a new position in shares of Greif during the 4th quarter worth about $2,594,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Greif by 8.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 568,725 shares of the industrial products company's stock valued at $34,760,000 after acquiring an additional 44,088 shares during the last quarter. William Blair Investment Management LLC raised its position in shares of Greif by 2.1% during the 4th quarter. William Blair Investment Management LLC now owns 535,932 shares of the industrial products company's stock worth $32,756,000 after acquiring an additional 11,210 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Greif by 162.6% during the fourth quarter. Teacher Retirement System of Texas now owns 17,187 shares of the industrial products company's stock worth $1,050,000 after purchasing an additional 10,642 shares during the last quarter. Hedge funds and other institutional investors own 45.74% of the company's stock.

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Insider Buying and Selling

In other Greif news, Director Frank Calhoun V. Miller acquired 1,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $58.50 per share, with a total value of $58,500.00. Following the acquisition, the director now owns 1,000 shares of the company's stock, valued at $58,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David C. Lloyd sold 2,263 shares of the stock in a transaction that occurred on 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 directly owns 7,580 shares of the company's stock, valued at approximately $418,719.20. This trade represents a 22.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 7.60% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on GEF. Truist Financial reiterated a "hold" rating and issued a $65.00 price target (down from $71.00) on shares of Greif in a research note on Monday, March 3rd. Bank of America cut their price target on shares of Greif from $79.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Robert W. Baird decreased their price objective on shares of Greif from $75.00 to $68.00 and set a "neutral" rating for the company in a research note on Friday, February 28th. Finally, Wells Fargo & Company cut their target price on Greif from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Greif currently has an average rating of "Moderate Buy" and an average price target of $77.00.

Greif Stock Performance

Greif stock traded down $1.27 during midday trading on Tuesday, hitting $51.28. 115,941 shares of the company's stock were exchanged, compared to its average volume of 172,271. The firm's 50 day simple moving average is $56.38 and its 200 day simple moving average is $61.37. Greif, Inc. has a 12-month low of $48.23 and a 12-month 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 stock has a market cap of $2.43 billion, a price-to-earnings ratio of 11.35, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.

Greif (NYSE:GEF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.33). The company 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 predict that Greif, Inc. will post 4.11 EPS for the current year.

Greif Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 17th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Monday, March 17th. Greif's dividend payout ratio (DPR) is presently 61.71%.

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.