Denali Advisors LLC Has $4.22 Million Position in Greif, Inc. (NYSE:GEF)

Denali Advisors LLC boosted its position in Greif, Inc. (NYSE:GEFFree Report) by 3.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 64,295 shares of the industrial products company’s stock after purchasing an additional 2,000 shares during the quarter. Greif comprises 1.3% of Denali Advisors LLC’s portfolio, making the stock its 25th biggest holding. Denali Advisors LLC’s holdings in Greif were worth $4,217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in Greif in the 4th quarter worth about $2,943,000. Pacer Advisors Inc. increased its holdings in Greif by 30.1% in the 4th quarter. Pacer Advisors Inc. now owns 3,819 shares of the industrial products company’s stock worth $250,000 after purchasing an additional 883 shares in the last quarter. Twelve Points Wealth Management LLC increased its holdings in Greif by 3.7% in the 4th quarter. Twelve Points Wealth Management LLC now owns 20,279 shares of the industrial products company’s stock worth $1,330,000 after purchasing an additional 727 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Greif by 4.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 8,375 shares of the industrial products company’s stock worth $549,000 after purchasing an additional 376 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Greif by 82.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 9,432 shares of the industrial products company’s stock valued at $630,000 after buying an additional 4,273 shares during the last quarter. Institutional investors and hedge funds own 45.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on GEF shares. Wells Fargo & Company upgraded Greif from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $64.00 to $75.00 in a research report on Thursday, January 11th. Stifel Nicolaus reiterated a “buy” rating and issued a $94.00 price target on shares of Greif in a research report on Thursday, December 7th. Finally, StockNews.com upgraded Greif from a “hold” rating to a “buy” rating in a research report on Monday, January 1st.

View Our Latest Report on GEF

Insiders Place Their Bets

In other news, Treasurer Anthony John Krabill purchased 745 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of $63.12 per share, for a total transaction of $47,024.40. Following the completion of the acquisition, the treasurer now owns 1,651 shares in the company, valued at $104,211.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Lawrence A. Hilsheimer acquired 11,500 shares of the stock in a transaction dated Wednesday, March 6th. The stock was purchased at an average cost of $64.40 per share, with a total value of $740,600.00. Following the completion of the purchase, the chief financial officer now directly owns 125,670 shares in the company, valued at approximately $8,093,148. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Treasurer Anthony John Krabill acquired 745 shares of the stock in a transaction dated Tuesday, March 5th. The stock was bought at an average cost of $63.12 per share, with a total value of $47,024.40. Following the completion of the purchase, the treasurer now owns 1,651 shares of the company’s stock, valued at $104,211.12. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 35,202 shares of company stock worth $2,332,331 and have sold 6,000 shares worth $384,620. Corporate insiders own 3.07% of the company’s stock.

Greif Trading Up 0.7 %

Shares of Greif stock traded up $0.51 on Friday, hitting $69.05. 277,089 shares of the company’s stock traded hands, compared to its average volume of 214,262. Greif, Inc. has a one year low of $59.37 and a one year high of $76.00. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.57 and a quick ratio of 1.16. The company has a fifty day moving average of $63.72 and a two-hundred day moving average of $65.11. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.82 and a beta of 0.86.

Greif (NYSE:GEFGet Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $1.07. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.26 billion. Greif had a return on equity of 18.65% and a net margin of 6.53%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 earnings per share. As a group, sell-side analysts expect that Greif, Inc. will post 3.8 earnings per share for the current year.

Greif Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 18th will be issued a $0.52 dividend. The ex-dividend date is Friday, March 15th. This represents a $2.08 annualized dividend and a yield of 3.01%. Greif’s payout ratio is currently 35.99%.

Greif Profile

(Free Report)

Greif, Inc engages in the production and sale of industrial packaging products and services worldwide. The company operates through Global Industrial Packaging; Paper Packaging & Services; and Land Management segments. The Global Industrial Packaging segment produces and sells industrial packaging products, including steel, fiber, and plastic drums; rigid and flexible intermediate bulk containers; closure systems for industrial packaging products; transit protection products; water bottles, and remanufactured and reconditioned industrial containers; and various services, such as container life cycle management, filling, logistics, warehousing, and other packaging services to chemicals, paints and pigments, food and beverage, petroleum, industrial coatings, agriculture, pharmaceuticals, mineral product, and other industries.

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Institutional Ownership by Quarter for Greif (NYSE:GEF)

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