Greif, Inc. (NYSE:GEF) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP lifted its holdings in Greif, Inc. (NYSE:GEF - Free Report) by 15.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,552 shares of the industrial products company's stock after acquiring an additional 40,494 shares during the period. Systematic Financial Management LP owned 0.64% of Greif worth $18,958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP lifted its stake in shares of Greif by 71.9% in the 2nd quarter. Quarry LP now owns 545 shares of the industrial products company's stock valued at $31,000 after purchasing an additional 228 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Greif in the 2nd quarter valued at approximately $64,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Greif by 80.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,258 shares of the industrial products company's stock valued at $73,000 after purchasing an additional 561 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Greif in the 2nd quarter valued at approximately $80,000. Finally, Quest Partners LLC lifted its stake in shares of Greif by 27,766.7% in the 2nd quarter. Quest Partners LLC now owns 1,672 shares of the industrial products company's stock valued at $96,000 after purchasing an additional 1,666 shares during the last quarter. 45.74% of the stock is owned by institutional investors.

Greif Trading Down 2.3 %

GEF traded down $1.61 during trading hours on Thursday, reaching $69.89. The company's stock had a trading volume of 344,241 shares, compared to its average volume of 168,790. Greif, Inc. has a fifty-two week low of $55.95 and a fifty-two week high of $73.16. The stock has a market cap of $3.30 billion, a PE ratio of 15.54 and a beta of 0.92. The business's 50-day moving average is $65.62 and its 200-day moving average is $63.02. 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 announced its quarterly earnings data on Wednesday, December 4th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.23). Greif had a net margin of 4.99% and a return on equity of 13.28%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the business posted $1.56 earnings per share. The firm's revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts predict that Greif, Inc. will post 4.2 earnings per share for the current fiscal year.

Greif Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 1st. Shareholders of record on Monday, December 16th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Monday, December 16th. Greif's dividend payout ratio is presently 46.96%.

Analyst Upgrades and Downgrades

GEF has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price target on Greif from $80.00 to $76.00 and set an "overweight" rating on the stock in a report on Monday, August 26th. Truist Financial reaffirmed a "hold" rating and set a $67.00 price target (down previously from $69.00) on shares of Greif in a research report on Friday, August 30th. Bank of America reduced their price objective on Greif from $77.00 to $73.00 and set a "buy" rating for the company in a research note on Friday, August 30th. Sidoti initiated coverage on Greif in a research note on Wednesday, November 20th. They set a "buy" rating and a $93.00 price objective for the company. Finally, Stifel Nicolaus restated a "buy" rating and issued a $88.00 price target on shares of Greif in a research note on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $79.40.

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.