LSV Asset Management Sells 74,200 Shares of Greif, Inc. (NYSE:GEF)

LSV Asset Management lessened its holdings in shares of Greif, Inc. (NYSE:GEF - Free Report) by 9.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 705,150 shares of the industrial products company's stock after selling 74,200 shares during the period. LSV Asset Management owned 1.49% of Greif worth $43,099,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Avior Wealth Management LLC bought a new position in Greif in the 4th quarter valued at $31,000. Principal Securities Inc. lifted 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 during the period. Point72 Asset Management L.P. bought a new position in Greif in the third quarter valued at about $200,000. QRG Capital Management Inc. increased its position in Greif by 5.6% in the fourth quarter. QRG Capital Management Inc. now owns 3,966 shares of the industrial products company's stock worth $242,000 after purchasing an additional 211 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in Greif by 26.6% during the 4th 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 during the last quarter. Institutional investors own 45.74% of the company's stock.

Insider Activity at Greif

In related news, Director Mark A. Emkes bought 3,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was bought at an average price 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 $2,473,523.73. This represents a 7.27 % increase in their position. The transaction 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 Greif stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $55.24, for a total transaction of $125,008.12. Following the sale, the vice president now directly owns 7,580 shares of the company's stock, valued at $418,719.20. The trade was a 22.99 % decrease in their position. The disclosure for this sale can be found here. 7.60% of the stock is owned by company insiders.

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Greif Stock Down 2.4 %

Shares of Greif stock traded down $1.27 during trading on Tuesday, reaching $51.28. The stock had a trading volume of 115,941 shares, compared to its average volume of 171,599. The company has a current ratio of 1.53, a quick ratio of 1.13 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 11.35, a P/E/G ratio of 1.02 and a beta of 0.91. Greif, Inc. has a 52 week low of $48.23 and a 52 week high of $73.16. The stock has a fifty day moving average price of $56.38 and a two-hundred day moving average price of $61.37.

Greif (NYSE:GEF - Get Free Report) last posted 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 firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.26 billion. Greif had a return on equity of 11.84% and a net margin of 4.81%. Sell-side analysts predict that Greif, Inc. will post 4.11 EPS for the current fiscal year.

Greif Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 17th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Monday, March 17th. Greif's payout ratio is presently 61.71%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GEF. Truist Financial reaffirmed a "hold" rating and issued a $65.00 target price (down previously from $71.00) on shares of Greif in a research note on Monday, March 3rd. 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 report on Friday, February 28th. Wells Fargo & Company dropped their target price on shares of Greif from $76.00 to $75.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, Bank of America reduced their price target on Greif from $79.00 to $73.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Greif presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.00.

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.