Victory Capital Management Inc. Sells 8,397 Shares of Greif, Inc. (NYSE:GEF)

Victory Capital Management Inc. decreased its stake in shares of Greif, Inc. (NYSE:GEF - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 172,075 shares of the industrial products company's stock after selling 8,397 shares during the quarter. Victory Capital Management Inc. owned 0.36% of Greif worth $10,517,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in GEF. Charles Schwab Investment Management Inc. raised its holdings in 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 in the last quarter. QRG Capital Management Inc. raised its stake in shares of Greif by 5.6% in the fourth 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. Truist Financial Corp lifted its position in Greif by 39.4% in the fourth quarter. Truist Financial Corp now owns 13,453 shares of the industrial products company's stock worth $822,000 after purchasing an additional 3,799 shares during the period. Principal Financial Group Inc. boosted its stake in Greif by 0.9% during the fourth quarter. Principal Financial Group Inc. now owns 69,900 shares of the industrial products company's stock worth $4,272,000 after buying an additional 653 shares in the last quarter. Finally, Principal Securities Inc. increased its holdings in Greif by 28.2% in the 4th quarter. Principal Securities Inc. now owns 2,444 shares of the industrial products company's stock valued at $149,000 after buying an additional 537 shares during the period. Institutional investors and hedge funds own 45.74% of the company's stock.

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Insider Activity

In related news, VP David C. Lloyd sold 2,263 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $55.24, for a total value of $125,008.12. Following the completion of the sale, the vice president now owns 7,580 shares in the company, valued at approximately $418,719.20. This represents a 22.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director B Andrew Rose bought 3,500 shares of the stock in a transaction 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 purchase, the director now directly owns 3,500 shares of the company's stock, valued at approximately $245,700. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 10,225 shares of company stock valued at $657,901. 7.60% of the stock is currently owned by insiders.

Greif Price Performance

Shares of NYSE GEF traded up $0.90 during trading on Monday, reaching $56.23. The company had a trading volume of 141,038 shares, compared to its average volume of 168,144. Greif, Inc. has a 52 week low of $53.43 and a 52 week high of $73.16. The business's 50 day moving average price is $59.68 and its 200-day moving average price is $62.62. The stock has a market cap of $2.67 billion, a PE ratio of 12.44, a PEG ratio of 1.02 and a beta of 0.91. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.13 and a current ratio of 1.53.

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

Greif Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.