Greif, Inc. (NYSE:GEF) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in Greif, Inc. (NYSE:GEF - Free Report) by 162.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,187 shares of the industrial products company's stock after buying an additional 10,642 shares during the period. Teacher Retirement System of Texas' holdings in Greif were worth $1,050,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GEF. Avior Wealth Management LLC purchased a new stake in shares of Greif during the fourth quarter worth approximately $31,000. Principal Securities Inc. grew its holdings in Greif by 28.2% during the 4th quarter. Principal Securities Inc. now owns 2,444 shares of the industrial products company's stock worth $149,000 after acquiring an additional 537 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Greif in the 3rd quarter valued at approximately $200,000. Quantbot Technologies LP increased its position in shares of Greif by 191.4% in the 3rd quarter. Quantbot Technologies LP now owns 3,433 shares of the industrial products company's stock valued at $215,000 after purchasing an additional 2,255 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Greif by 5.6% in the 4th quarter. QRG Capital Management Inc. now owns 3,966 shares of the industrial products company's stock valued at $242,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 45.74% of the company's stock.

Greif Stock Performance

NYSE:GEF traded up $0.45 during mid-day trading on Wednesday, reaching $55.70. 106,906 shares of the stock were exchanged, compared to its average volume of 172,629. The stock has a market capitalization of $2.64 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.02 and a beta of 0.91. Greif, Inc. has a 1 year low of $53.43 and a 1 year high of $73.16. The company has a 50 day simple moving average of $58.44 and a 200-day simple moving average of $62.15. The company has a quick ratio of 1.13, a current ratio of 1.53 and a debt-to-equity ratio of 1.26.

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Greif (NYSE:GEF - Get Free Report) last announced its earnings results on Wednesday, February 26th. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.33). The business had revenue of $1.27 billion for the quarter, compared to analysts' expectations of $1.26 billion. Greif had a return on equity of 11.84% and a net margin of 4.81%. Analysts anticipate that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Announces Dividend

The firm also recently announced 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. The ex-dividend date was Monday, March 17th. This represents a $2.16 annualized dividend and a dividend yield of 3.88%. Greif's dividend payout ratio (DPR) is 61.71%.

Insider Buying and Selling

In other news, Director Frank Calhoun V. Miller acquired 1,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $58.50 per share, for a total transaction of $58,500.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $58,500. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mark A. Emkes acquired 3,000 shares of the company's stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $55.89 per share, for a total transaction of $167,670.00. Following the completion of the purchase, the director now directly owns 44,257 shares in the company, valued at $2,473,523.73. This trade represents a 7.27 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 7.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Robert W. Baird lowered their target price 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. Truist Financial reiterated a "hold" rating and issued a $65.00 price objective (down previously from $71.00) on shares of Greif in a report on Monday, March 3rd. Bank of America lowered their price target on Greif from $79.00 to $73.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped their price target on shares of Greif from $76.00 to $75.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $77.00.

Greif Company 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.