Royce & Associates LP lessened its holdings in Greif, Inc. (NYSE:GEF) by 96.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,800 shares of the industrial products company’s stock after selling 186,742 shares during the period. Royce & Associates LP’s holdings in Greif were worth $289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new stake in Greif in the fourth quarter worth $26,000. Advisors Preferred LLC bought a new stake in Greif in the fourth quarter worth $71,000. Point72 Hong Kong Ltd increased its position in Greif by 191.1% in the third quarter. Point72 Hong Kong Ltd now owns 2,000 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 1,313 shares during the last quarter. Dupont Capital Management Corp bought a new stake in Greif in the fourth quarter worth $80,000. Finally, Vident Investment Advisory LLC bought a new stake in Greif in the third quarter worth $241,000. Institutional investors own 47.15% of the company’s stock.

GEF stock opened at $40.55 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.29 and a debt-to-equity ratio of 0.91. Greif, Inc. has a twelve month low of $31.80 and a twelve month high of $62.75. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.26 and a beta of 1.54.

Greif (NYSE:GEF) last posted its quarterly earnings data on Wednesday, February 27th. The industrial products company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. Greif had a net margin of 4.72% and a return on equity of 18.89%. The business had revenue of $897.00 million for the quarter, compared to analysts’ expectations of $922.24 million. During the same quarter in the previous year, the business posted $0.96 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. As a group, analysts anticipate that Greif, Inc. will post 3.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Friday, March 15th. Greif’s dividend payout ratio (DPR) is 49.86%.

Several equities research analysts recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Greif from $55.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, December 21st. Zacks Investment Research cut shares of Greif from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. KeyCorp reiterated a “sell” rating and set a $31.00 price objective on shares of Greif in a research report on Thursday, February 28th. BMO Capital Markets cut shares of Greif from an “outperform” rating to an “underperform” rating and set a $34.25 price objective on the stock. in a research report on Thursday, December 20th. Finally, Wells Fargo & Co cut shares of Greif from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $53.00 to $36.00 in a research report on Thursday, December 20th. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has an average rating of “Sell” and an average target price of $40.38.

In other news, VP Hari K. Kumar acquired 4,501 shares of the business’s stock in a transaction on Wednesday, January 9th. The shares were acquired at an average price of $38.87 per share, for a total transaction of $174,953.87. Following the completion of the transaction, the vice president now directly owns 6,145 shares of the company’s stock, valued at approximately $238,856.15. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Ole G. Rosgaard acquired 3,000 shares of the business’s stock in a transaction on Monday, December 31st. The shares were purchased at an average price of $36.11 per share, for a total transaction of $108,330.00. Following the transaction, the senior vice president now directly owns 5,415 shares of the company’s stock, valued at $195,535.65. The disclosure for this purchase can be found here. Insiders have acquired 22,601 shares of company stock worth $836,916 in the last quarter. Company insiders own 13.56% of the company’s stock.

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Greif Profile

Greif, Inc produces and sells industrial packaging products and services worldwide. It operates through four segments: Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services; and Land Management. The Rigid Industrial Packaging & Services segment offers rigid industrial packaging products, including steel, fiber, and plastic drums; rigid intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and services, such as container life cycle management, filling, logistics, warehousing, and other packaging services.

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Institutional Ownership by Quarter for Greif (NYSE:GEF)

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