Stifel Financial Corp Grows Holdings in Greif, Inc. (NYSE:GEF)

Stifel Financial Corp raised its stake in Greif, Inc. (NYSE:GEF - Free Report) by 97.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,045 shares of the industrial products company's stock after buying an additional 16,759 shares during the period. Stifel Financial Corp owned approximately 0.07% of Greif worth $2,133,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of GEF. Quarry LP raised its position in Greif by 71.9% during the second quarter. Quarry LP now owns 545 shares of the industrial products company's stock worth $31,000 after acquiring an additional 228 shares during the last quarter. Innealta Capital LLC purchased a new stake in Greif in the 2nd quarter valued at approximately $64,000. DekaBank Deutsche Girozentrale grew its holdings in Greif by 80.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company's stock valued at $73,000 after buying an additional 561 shares during the last quarter. nVerses Capital LLC purchased a new position in Greif during the second quarter worth $80,000. Finally, Quest Partners LLC raised its holdings in shares of Greif by 27,766.7% in the second quarter. Quest Partners LLC now owns 1,672 shares of the industrial products company's stock worth $96,000 after acquiring an additional 1,666 shares during the last quarter. Hedge funds and other institutional investors own 45.74% of the company's stock.

Greif Trading Down 0.2 %

Shares of Greif stock traded down $0.13 during trading hours on Friday, reaching $60.32. The stock had a trading volume of 591,975 shares, compared to its average volume of 172,285. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.19 and a beta of 0.92. Greif, Inc. has a 1 year low of $55.95 and a 1 year high of $73.16. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 1.24. The firm has a 50 day simple moving average of $66.56 and a two-hundred day simple moving average of $63.17.

Greif (NYSE:GEF - Get Free Report) last posted its quarterly earnings results on Wednesday, December 4th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.23). Greif had a net margin of 4.81% and a return on equity of 11.85%. The business had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.41 billion. During the same quarter in the previous year, the business posted $1.56 EPS. The company's quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts anticipate that Greif, Inc. will post 4.49 earnings per share for the current year.

Greif Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.58%. The ex-dividend date is Monday, December 16th. Greif's dividend payout ratio (DPR) is presently 47.79%.

Analyst Ratings Changes

A number of research firms have recently weighed in on GEF. Sidoti started coverage on shares of Greif in a research report on Wednesday, November 20th. They issued a "buy" rating and a $93.00 price objective for the company. Stifel Nicolaus reissued a "buy" rating and set a $88.00 price target on shares of Greif in a research note on Monday, August 26th. Wells Fargo & Company lowered 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. Robert W. Baird upped their target price on Greif from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Friday, December 6th. Finally, Truist Financial reissued a "hold" rating and issued a $67.00 price target (down from $69.00) on shares of Greif in a research note on Friday, August 30th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $78.67.

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.