Greif, Inc. $GEF Stock Position Lessened by LSV Asset Management

LSV Asset Management decreased its holdings in Greif, Inc. (NYSE:GEF) by 59.7% in the 4th quarter, HoldingsChannel reports. The firm owned 146,900 shares of the industrial products company’s stock after selling 217,500 shares during the quarter. LSV Asset Management’s holdings in Greif were worth $9,945,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Thrivent Financial for Lutherans grew its stake in shares of Greif by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 899,137 shares of the industrial products company’s stock worth $60,872,000 after purchasing an additional 3,793 shares in the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Greif by 10.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock valued at $56,715,000 after buying an additional 79,813 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Greif by 75.5% in the third quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock valued at $31,352,000 after buying an additional 225,659 shares during the period. Medina Value Partners LLC lifted its holdings in shares of Greif by 19.3% in the third quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock valued at $22,246,000 after buying an additional 60,338 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of 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 buying an additional 20,858 shares during the period. Institutional investors own 45.74% of the company’s stock.

Insider Activity at Greif

In other news, SVP Timothy Bergwall sold 2,000 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $67.66, for a total transaction of $135,320.00. Following the completion of the sale, the senior vice president directly owned 67,832 shares of the company’s stock, valued at $4,589,513.12. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,000 shares of company stock worth $411,140 over the last three months. Corporate insiders own 7.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Robert W. Baird set a $75.00 price objective on Greif in a report on Thursday, January 29th. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a report on Thursday, May 21st. Truist Financial cut their price objective on Greif from $79.00 to $78.00 and set a “hold” rating for the company in a report on Monday, May 4th. Finally, Wells Fargo & Company cut their price objective on Greif from $76.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, March 20th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.50.

Greif Trading Up 0.1%

Shares of NYSE GEF opened at $64.32 on Tuesday. Greif, Inc. has a 12 month low of $54.03 and a 12 month high of $77.14. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 24.64, a P/E/G ratio of 0.66 and a beta of 0.82. The company has a quick ratio of 1.00, a current ratio of 1.28 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $66.46 and a 200-day simple moving average of $68.11.

Greif (NYSE:GEF) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.06). Greif had a net margin of 7.27% and a return on equity of 7.50%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the prior year, the company earned $1.19 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts predict that Greif, Inc. will post 3.87 EPS for the current year.

Greif Company Profile

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.