Charles Schwab Investment Management Inc. Buys 44,088 Shares of Greif, Inc. (NYSE:GEF)

Charles Schwab Investment Management Inc. lifted its position in shares of Greif, Inc. (NYSE:GEF - Free Report) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 568,725 shares of the industrial products company's stock after acquiring an additional 44,088 shares during the period. Charles Schwab Investment Management Inc. owned 1.21% of Greif worth $34,760,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Avior Wealth Management LLC acquired a new stake in Greif in the 4th quarter valued at approximately $31,000. Quest Partners LLC increased its holdings in shares of Greif by 35.0% during the third quarter. Quest Partners LLC now owns 2,257 shares of the industrial products company's stock valued at $141,000 after purchasing an additional 585 shares during the period. Principal Securities Inc. increased its holdings in shares of Greif by 28.2% during the fourth quarter. Principal Securities Inc. now owns 2,444 shares of the industrial products company's stock valued at $149,000 after purchasing an additional 537 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Greif during the third quarter valued at about $200,000. Finally, Quantbot Technologies LP lifted its holdings in Greif by 191.4% in the third quarter. Quantbot Technologies LP now owns 3,433 shares of the industrial products company's stock worth $215,000 after purchasing an additional 2,255 shares during the period. Institutional investors own 45.74% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Greif from $76.00 to $75.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Bank of America dropped their price target on shares of Greif from $79.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Sidoti began coverage on shares of Greif in a research report on Wednesday, November 20th. They set a "buy" rating and a $93.00 price objective for the company. Truist Financial reiterated a "hold" rating and issued a $65.00 target price (down from $71.00) on shares of Greif in a report on Monday, March 3rd. Finally, Robert W. Baird reduced their target price on shares of Greif from $75.00 to $68.00 and set a "neutral" rating for the company in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Greif presently has an average rating of "Moderate Buy" and an average target price of $77.00.

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Greif Trading Down 0.5 %

Shares of GEF stock traded down $0.30 during trading hours on Thursday, reaching $56.21. 54,663 shares of the stock traded hands, compared to its average volume of 166,906. Greif, Inc. has a 1-year low of $53.43 and a 1-year high of $73.16. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $2.67 billion, a PE ratio of 12.46, a PEG ratio of 1.02 and a beta of 0.91. The business has a fifty day moving average price of $59.46 and a 200 day moving average price of $62.50.

Greif (NYSE:GEF - Get Free Report) last announced its quarterly earnings data 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). Greif had a return on equity of 11.84% and a net margin of 4.81%. The business had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.26 billion. On average, equities research analysts forecast that Greif, Inc. will post 4.11 EPS for the current year.

Greif Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 17th will be paid a $0.54 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.16 annualized dividend and a yield of 3.84%. Greif's dividend payout ratio is presently 61.71%.

Insiders Place Their Bets

In other news, Director Mark A. Emkes acquired 3,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $55.89 per share, for a total transaction of $167,670.00. Following the completion of the acquisition, the director now owns 44,257 shares of the company's stock, valued at approximately $2,473,523.73. This represents a 7.27 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Frank Calhoun V. Miller acquired 1,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $58.50 per share, for a total transaction of $58,500.00. Following the transaction, the director now owns 1,000 shares of the company's stock, valued at approximately $58,500. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 10,225 shares of company stock worth $657,901 in the last quarter. 7.60% of the stock is currently owned by corporate insiders.

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.