Greif, Inc. $GEF Shares Sold by Cambria Investment Management L.P.

Cambria Investment Management L.P. decreased its stake in Greif, Inc. (NYSE:GEF) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 142,079 shares of the industrial products company’s stock after selling 10,070 shares during the period. Cambria Investment Management L.P.’s holdings in Greif were worth $8,491,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of GEF. Thrivent Financial for Lutherans raised its holdings in shares of Greif by 6.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 895,344 shares of the industrial products company’s stock valued at $53,506,000 after buying an additional 54,256 shares during the period. Ameriprise Financial Inc. boosted its holdings in Greif by 75.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock worth $31,352,000 after acquiring an additional 225,659 shares during the period. Medina Value Partners LLC boosted its holdings in Greif by 19.3% in the 3rd quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock worth $22,246,000 after acquiring an additional 60,338 shares during the period. Systematic Financial Management LP grew its position in Greif by 0.9% in the second quarter. Systematic Financial Management LP now owns 312,534 shares of the industrial products company’s stock valued at $20,312,000 after acquiring an additional 2,817 shares in the last quarter. Finally, Invesco Ltd. grew its position in Greif by 16.3% in the third quarter. Invesco Ltd. now owns 148,748 shares of the industrial products company’s stock valued at $8,889,000 after acquiring an additional 20,858 shares in the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Robert W. Baird set a $75.00 price target on shares of Greif in a report on Thursday, January 29th. Truist Financial lifted their price target on shares of Greif from $71.00 to $79.00 and gave the stock a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen upgraded shares of Greif from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Wells Fargo & Company upped their price objective on shares of Greif from $73.00 to $76.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $75.25.

Greif Trading Down 2.6%

Greif stock opened at $64.41 on Thursday. Greif, Inc. has a 1 year low of $48.23 and a 1 year high of $77.14. The firm’s 50-day moving average is $71.99 and its 200-day moving average is $65.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.93 and a current ratio of 1.23. The company has a market cap of $2.98 billion, a P/E ratio of 23.85, a PEG ratio of 0.51 and a beta of 0.95.

Greif (NYSE:GEF) last announced its quarterly earnings data on Tuesday, January 27th. The industrial products company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.21). The business had revenue of $994.80 million for the quarter, compared to the consensus estimate of $1.02 billion. Greif had a net margin of 7.52% and a return on equity of 8.46%. Greif’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.39 EPS. On average, equities analysts expect that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 16th will be issued a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $2.24 annualized dividend and a dividend yield of 3.5%. Greif’s dividend payout ratio is 82.96%.

Insider Buying and Selling at Greif

In related news, EVP Bala Sathyanarayanan sold 2,731 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $76.67, for a total value of $209,385.77. Following the sale, the executive vice president owned 34,076 shares of the company’s stock, valued at approximately $2,612,606.92. This trade represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Matthew B. Leahy sold 1,300 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $73.82, for a total value of $95,966.00. Following the transaction, the senior vice president owned 2,739 shares of the company’s stock, valued at $202,192.98. This represents a 32.19% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders acquired 22,252 shares of company stock worth $1,971,735 and sold 54,211 shares worth $3,950,846. Company insiders own 7.70% of the company’s stock.

About Greif

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.