Systematic Financial Management LP Purchases 28,669 Shares of Greif, Inc. (NYSE:GEF)

Systematic Financial Management LP raised its stake in shares of Greif, Inc. (NYSE:GEF - Free Report) by 12.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 262,058 shares of the industrial products company's stock after buying an additional 28,669 shares during the quarter. Systematic Financial Management LP owned about 0.56% of Greif worth $15,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GEF. Creative Planning grew its holdings in Greif by 16.4% during the second quarter. Creative Planning now owns 10,260 shares of the industrial products company's stock valued at $590,000 after purchasing an additional 1,448 shares during the period. Dark Forest Capital Management LP grew its holdings in shares of Greif by 21.7% in the 2nd quarter. Dark Forest Capital Management LP now owns 13,737 shares of the industrial products company's stock valued at $789,000 after buying an additional 2,446 shares during the period. AQR Capital Management LLC increased its position in shares of Greif by 16.7% in the 2nd quarter. AQR Capital Management LLC now owns 372,040 shares of the industrial products company's stock valued at $21,381,000 after buying an additional 53,110 shares in the last quarter. AXA S.A. increased its position in shares of Greif by 632.9% in the 2nd quarter. AXA S.A. now owns 45,367 shares of the industrial products company's stock valued at $2,607,000 after buying an additional 39,177 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in Greif by 122.7% during the 2nd quarter. Squarepoint Ops LLC now owns 7,362 shares of the industrial products company's stock worth $423,000 after buying an additional 4,056 shares during the period. 45.74% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price objective on Greif from $80.00 to $76.00 and set an "overweight" rating for the company in a research report on Monday, August 26th. StockNews.com cut Greif from a "buy" rating to a "hold" rating in a research report on Wednesday, July 10th. Truist Financial reiterated a "hold" rating and set a $67.00 price objective (down from $69.00) on shares of Greif in a report on Friday, August 30th. Stifel Nicolaus reaffirmed a "buy" rating and set a $88.00 price target on shares of Greif in a research report on Monday, August 26th. Finally, Bank of America lowered their price objective on shares of Greif from $77.00 to $73.00 and set a "buy" rating on the stock in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Greif has a consensus rating of "Moderate Buy" and a consensus price target of $76.00.

Greif Stock Down 0.9 %

GEF stock traded down $0.57 during mid-day trading on Friday, reaching $62.32. The company had a trading volume of 133,198 shares, compared to its average volume of 164,557. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 13.40 and a beta of 0.91. Greif, Inc. has a 52 week low of $55.95 and a 52 week high of $71.36. The stock has a 50 day simple moving average of $61.92 and a two-hundred day simple moving average of $62.54. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.70 and a quick ratio of 1.28.

Greif (NYSE:GEF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.17 by ($0.14). The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.43 billion. Greif had a return on equity of 13.28% and a net margin of 4.99%. As a group, equities analysts predict that Greif, Inc. will post 4.2 earnings per share for the current fiscal year.

Greif Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 16th will be given a $0.54 dividend. This is an increase from Greif's previous quarterly dividend of $0.52. The ex-dividend date is Monday, September 16th. This represents a $2.16 annualized dividend and a dividend yield of 3.47%. Greif's dividend payout ratio is presently 46.45%.

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.