LSV Asset Management Sells 31,500 Shares of Greif, Inc. $GEF

LSV Asset Management decreased its position in shares of Greif, Inc. (NYSE:GEF) by 8.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,400 shares of the industrial products company’s stock after selling 31,500 shares during the quarter. LSV Asset Management owned approximately 0.77% of Greif worth $21,777,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its holdings in Greif by 6.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 895,344 shares of the industrial products company’s stock worth $53,506,000 after buying an additional 54,256 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in shares of Greif in the 2nd quarter valued at about $1,061,000. Envestnet Asset Management Inc. boosted its position in shares of Greif by 21.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 131,131 shares of the industrial products company’s stock valued at $8,522,000 after purchasing an additional 23,422 shares in the last quarter. AlphaQuest LLC acquired a new stake in Greif during the third quarter worth approximately $1,220,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in Greif during the second quarter worth approximately $690,000. 45.74% of the stock is owned by institutional investors.

Insider Buying and Selling at Greif

In related news, SVP Kimberly Anne Kellermann sold 5,265 shares of Greif stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $71.99, for a total value of $379,027.35. Following the completion of the sale, the senior vice president owned 5,808 shares of the company’s stock, valued at approximately $418,117.92. This trade represents a 47.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ole G. Rosgaard sold 9,733 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $70.24, for a total value of $683,645.92. Following the completion of the sale, the chief executive officer owned 64,707 shares in the company, valued at $4,545,019.68. This represents a 13.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders purchased 24,252 shares of company stock valued at $2,102,715 and sold 77,213 shares valued at $5,432,906. 7.70% of the stock is currently owned by company insiders.

Greif Price Performance

Shares of NYSE GEF opened at $76.95 on Friday. The stock’s 50 day moving average price is $70.92 and its 200-day moving average price is $65.09. The company has a quick ratio of 0.93, a current ratio of 1.23 and a debt-to-equity ratio of 0.23. Greif, Inc. has a twelve month low of $48.23 and a twelve month high of $77.14. The company has a market capitalization of $3.56 billion, a PE ratio of 28.50, a PEG ratio of 0.58 and a beta of 0.96.

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

Greif Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Thursday, December 18th were paid a $0.56 dividend. The ex-dividend date was Thursday, December 18th. This represents a $2.24 annualized dividend and a yield of 2.9%. Greif’s dividend payout ratio is presently 82.96%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on GEF shares. Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Truist Financial increased their target price 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 raised shares of Greif from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Wells Fargo & Company upped their price objective on shares of Greif from $72.00 to $73.00 and gave the company an “equal weight” rating in a report on Thursday, January 29th. Finally, Robert W. Baird set a $75.00 target price on Greif in a research note on Thursday, January 29th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $74.50.

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.