Sequoia Financial Advisors LLC Grows Stock Holdings in Greif, Inc. $GEF

Sequoia Financial Advisors LLC grew its position in shares of Greif, Inc. (NYSE:GEF) by 193.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,717 shares of the industrial products company’s stock after acquiring an additional 11,670 shares during the period. Sequoia Financial Advisors LLC’s holdings in Greif were worth $1,188,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its holdings in Greif by 106.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 616 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 317 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Greif by 33.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 689 shares of the industrial products company’s stock worth $47,000 after buying an additional 172 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Greif in the 4th quarter worth approximately $84,000. Simplex Trading LLC grew its position in shares of Greif by 399.5% in the 4th quarter. Simplex Trading LLC now owns 1,853 shares of the industrial products company’s stock worth $125,000 after buying an additional 1,482 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Greif during the first quarter valued at approximately $201,000. 45.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Greif

In other Greif news, SVP Timothy Bergwall sold 2,000 shares of Greif stock in a transaction on Friday, July 10th. The stock was sold at an average price of $73.14, for a total value of $146,280.00. Following the completion of the sale, the senior vice president owned 63,832 shares of the company’s stock, valued at approximately $4,668,672.48. This trade represents a 3.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 6,000 shares of company stock valued at $412,120. Corporate insiders own 7.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GEF shares. Truist Financial decreased their target price on Greif from $79.00 to $78.00 and set a “hold” rating for the company in a report on Monday, May 4th. Bank of America downgraded shares of Greif from a “neutral” rating to an “underperform” rating and set a $70.00 price objective on the stock. in a research report on Tuesday. Weiss Ratings upgraded shares of Greif from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, June 17th. Wells Fargo & Company raised their target price on shares of Greif from $70.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Greif has a consensus rating of “Reduce” and a consensus target price of $74.25.

Greif Stock Performance

Shares of Greif stock opened at $75.97 on Friday. Greif, Inc. has a 1 year low of $55.75 and a 1 year high of $77.14. The firm’s 50-day moving average is $68.31 and its 200 day moving average is $69.38. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 0.79 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.28 and a quick ratio of 1.00.

Greif (NYSE:GEF) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.06). Greif had a return on equity of 7.50% and a net margin of 7.27%.The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period last year, the firm posted $1.19 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts anticipate that Greif, Inc. will post 3.82 EPS for the current fiscal year.

Greif Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th were given a $0.62 dividend. This is a boost from Greif’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $2.48 annualized dividend and a yield of 3.3%. Greif’s payout ratio is currently 95.02%.

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.