Public Employees Retirement System of Ohio boosted its position in shares of Greif, Inc. (NYSE:GEF) by 477.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,450 shares of the industrial products company’s stock after buying an additional 21,041 shares during the quarter. Public Employees Retirement System of Ohio owned 0.05% of Greif worth $1,490,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in GEF. Arizona State Retirement System lifted its stake in Greif by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 10,900 shares of the industrial products company’s stock worth $608,000 after acquiring an additional 200 shares in the last quarter. Neuberger Berman Group LLC raised its stake in shares of Greif by 2.1% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,231 shares of the industrial products company’s stock worth $626,000 after purchasing an additional 231 shares in the last quarter. AMG National Trust Bank raised its stake in shares of Greif by 7.1% during the 2nd quarter. AMG National Trust Bank now owns 16,468 shares of the industrial products company’s stock worth $918,000 after purchasing an additional 1,090 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Greif during the 3rd quarter worth about $216,000. Finally, Amalgamated Bank purchased a new stake in shares of Greif during the 2nd quarter worth about $208,000. 48.54% of the stock is owned by institutional investors and hedge funds.
Shares of Greif, Inc. (NYSE GEF) opened at $60.70 on Thursday. Greif, Inc. has a fifty-two week low of $50.94 and a fifty-two week high of $65.60. The firm has a market capitalization of $3,050.00, a P/E ratio of 24.48, a PEG ratio of 2.09 and a beta of 1.29. The company has a current ratio of 1.45, a quick ratio of 1.04 and a debt-to-equity ratio of 0.90.
Greif (NYSE:GEF) last announced its quarterly earnings data on Wednesday, December 6th. The industrial products company reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.09. The company had revenue of $968.00 million for the quarter, compared to analyst estimates of $931.96 million. Greif had a return on equity of 17.06% and a net margin of 3.26%. Greif’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 EPS. research analysts expect that Greif, Inc. will post 3.4 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, January 1st. Investors of record on Monday, December 18th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.77%. The ex-dividend date was Friday, December 15th. Greif’s dividend payout ratio is 67.74%.
A number of brokerages recently weighed in on GEF. DA Davidson raised Greif from a “neutral” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Thursday, December 7th. BMO Capital Markets reissued a “hold” rating and issued a $57.00 price objective on shares of Greif in a research note on Wednesday, December 13th. Zacks Investment Research downgraded Greif from a “hold” rating to a “sell” rating in a research note on Thursday, November 30th. KeyCorp reissued a “sell” rating on shares of Greif in a research note on Friday, November 10th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $72.00 target price (up previously from $66.00) on shares of Greif in a report on Friday, December 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.00.
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Greif, Inc is a producer of industrial packaging products and services. The Company’s segments are Rigid Industrial Packaging & Services; Paper Packaging & Services; Flexible Products & Services, and Land Management. The Rigid Industrial Packaging & Services segment is engaged in the production and sale of rigid industrial packaging products, and services, such as container life cycle management, filling, logistics, warehousing and other packaging services.
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