Denali Advisors LLC Has $5.34 Million Stock Holdings in Greif, Inc. (NYSE:GEF)

Denali Advisors LLC lifted its holdings in Greif, Inc. (NYSE:GEF) by 20.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,313 shares of the industrial products company’s stock after buying an additional 13,018 shares during the period. Greif makes up approximately 1.6% of Denali Advisors LLC’s portfolio, making the stock its 8th biggest holding. Denali Advisors LLC owned 0.16% of Greif worth $5,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TFO Wealth Partners LLC lifted its stake in Greif by 162,700.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,628 shares of the industrial products company’s stock valued at $107,000 after purchasing an additional 1,627 shares during the last quarter. Bfsg LLC purchased a new stake in shares of Greif during the fourth quarter worth $176,000. Quest Partners LLC purchased a new stake in shares of Greif during the fourth quarter worth $192,000. Kestra Advisory Services LLC purchased a new stake in shares of Greif during the third quarter worth $213,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Greif during the fourth quarter worth $229,000. Hedge funds and other institutional investors own 45.74% of the company’s stock.

Greif Trading Up 0.8 %

Shares of Greif stock traded up $0.44 during trading on Wednesday, reaching $57.17. 100,357 shares of the stock were exchanged, compared to its average volume of 168,950. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 12.20 and a beta of 0.92. The company has a quick ratio of 1.17, a current ratio of 1.57 and a debt-to-equity ratio of 1.38. The stock’s fifty day moving average is $62.42 and its 200 day moving average is $63.57. Greif, Inc. has a 1 year low of $56.50 and a 1 year high of $76.00.

Greif (NYSE:GEF) last posted its earnings results on Wednesday, June 5th. The industrial products company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. Greif had a net margin of 5.17% and a return on equity of 15.57%. The business had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm posted $1.77 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Greif, Inc. will post 4.4 earnings per share for the current fiscal year.

Greif Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Tuesday, June 18th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 3.64%. The ex-dividend date was Tuesday, June 18th. Greif’s dividend payout ratio is presently 44.73%.

Insiders Place Their Bets

In other news, VP Gary R. Martz acquired 1,807 shares of the firm’s stock in a transaction dated Monday, April 8th. The shares were purchased at an average cost of $68.37 per share, for a total transaction of $123,544.59. Following the transaction, the vice president now directly owns 23,100 shares of the company’s stock, valued at $1,579,347. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Gary R. Martz acquired 4,000 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was purchased at an average price of $68.98 per share, for a total transaction of $275,920.00. Following the completion of the transaction, the vice president now directly owns 17,018 shares in the company, valued at approximately $1,173,901.64. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, VP Gary R. Martz acquired 1,807 shares of the business’s stock in a transaction dated Monday, April 8th. The shares were purchased at an average price of $68.37 per share, with a total value of $123,544.59. Following the transaction, the vice president now owns 23,100 shares of the company’s stock, valued at $1,579,347. The disclosure for this purchase can be found here. Company insiders own 3.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GEF shares. Wells Fargo & Company increased their target price on Greif from $78.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. Truist Financial initiated coverage on shares of Greif in a report on Thursday, April 18th. They issued a “hold” rating and a $71.00 price target on the stock. StockNews.com raised shares of Greif from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Bank of America raised Greif from a “neutral” rating to a “buy” rating and increased their target price for the company from $76.00 to $77.00 in a research note on Monday, June 17th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

About Greif

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.