Greif, Inc. (NYSE:GEF) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its position in Greif, Inc. (NYSE:GEF - Free Report) by 51.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,493 shares of the industrial products company's stock after selling 129,471 shares during the quarter. Invesco Ltd. owned about 0.26% of Greif worth $7,548,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC purchased a new stake in Greif in the 4th quarter valued at about $31,000. Principal Securities Inc. raised its stake 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 acquiring an additional 537 shares in the last quarter. QRG Capital Management Inc. boosted its holdings 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 during the period. Park Avenue Securities LLC grew its stake in Greif by 26.6% in the fourth quarter. Park Avenue Securities LLC now owns 5,133 shares of the industrial products company's stock worth $314,000 after purchasing an additional 1,077 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in Greif by 31.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 5,452 shares of the industrial products company's stock worth $333,000 after purchasing an additional 1,320 shares during the period. Institutional investors own 45.74% of the company's stock.

Insider Activity

In other Greif news, Director Mark A. Emkes acquired 3,000 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $55.89 per share, for a total transaction of $167,670.00. Following the purchase, the director now owns 44,257 shares in the company, valued at approximately $2,473,523.73. The trade was a 7.27 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David C. Lloyd sold 2,263 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $55.24, for a total transaction of $125,008.12. Following the completion of the sale, the vice president now owns 7,580 shares in the company, valued at $418,719.20. The trade was a 22.99 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.60% of the company's stock.

Greif Stock Up 0.3 %

NYSE:GEF traded up $0.15 during midday trading on Monday, reaching $53.62. 71,678 shares of the stock traded hands, compared to its average volume of 170,321. Greif, Inc. has a 12-month low of $48.23 and a 12-month high of $73.16. The business has a 50-day moving average of $54.75 and a two-hundred day moving average of $60.76. 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 capitalization of $2.54 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 1.02 and a beta of 0.91.

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 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 for the quarter, compared to analysts' expectations of $1.26 billion. On average, equities analysts forecast that Greif, Inc. will post 4.11 earnings per share for the current fiscal year.

Greif Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders 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 yield of 4.03%. Greif's payout ratio is presently 61.71%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on GEF. Truist Financial dropped their price target on Greif from $65.00 to $56.00 and set a "hold" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company cut their target price on shares of Greif from $76.00 to $75.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Bank of America lowered their price target on shares of Greif from $79.00 to $73.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Robert W. Baird cut their price objective on shares of Greif from $75.00 to $68.00 and set a "neutral" rating on the stock in a report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Greif currently has an average rating of "Moderate Buy" and a consensus price target of $75.50.

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.