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

Denali Advisors LLC boosted its position in shares of Greif, Inc. (NYSE:GEF) by 20.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 77,313 shares of the industrial products company’s stock after buying an additional 13,018 shares during the quarter. Greif makes up about 1.6% of Denali Advisors LLC’s portfolio, making the stock its 8th largest position. Denali Advisors LLC’s holdings in Greif were worth $5,338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GEF. Norges Bank bought a new stake in Greif during the 4th quarter worth about $10,972,000. Retirement Systems of Alabama increased its stake in shares of Greif by 318.7% in the 4th quarter. Retirement Systems of Alabama now owns 133,169 shares of the industrial products company’s stock valued at $8,735,000 after acquiring an additional 101,363 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Greif in the 4th quarter valued at about $2,943,000. DekaBank Deutsche Girozentrale increased its stake in shares of Greif by 121.8% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 69,664 shares of the industrial products company’s stock valued at $4,540,000 after acquiring an additional 38,260 shares during the last quarter. Finally, Knights of Columbus Asset Advisors LLC increased its stake in shares of Greif by 94.6% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 78,654 shares of the industrial products company’s stock valued at $5,159,000 after acquiring an additional 38,229 shares during the last quarter. 45.74% of the stock is owned by institutional investors.

Insider Activity

In related news, VP Gary R. Martz acquired 4,000 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was bought at an average price of $68.98 per share, with a total value of $275,920.00. Following the acquisition, the vice president now owns 17,018 shares in the company, valued at approximately $1,173,901.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Gary R. Martz acquired 4,000 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was bought at an average price of $68.98 per share, with a total value of $275,920.00. Following the acquisition, the vice president now owns 17,018 shares in the company, valued at approximately $1,173,901.64. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gary R. Martz purchased 1,807 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was acquired at an average price of $68.37 per share, for a total transaction of $123,544.59. Following the purchase, the vice president now owns 23,100 shares in the company, valued at approximately $1,579,347. The disclosure for this purchase can be found here. 3.07% of the stock is currently owned by insiders.

Greif Stock Up 0.8 %

NYSE:GEF traded up $0.44 during trading hours on Wednesday, reaching $57.17. 100,357 shares of the stock were exchanged, compared to its average volume of 168,950. Greif, Inc. has a twelve month low of $56.50 and a twelve month high of $76.00. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.57 and a quick ratio of 1.17. The firm has a 50 day moving average of $62.42 and a 200 day moving average of $63.57. The stock has a market cap of $2.69 billion, a PE ratio of 12.20 and a beta of 0.92.

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

Greif Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GEF. Wells Fargo & Company upped their price target on Greif from $78.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, June 7th. StockNews.com upgraded Greif from a “hold” rating to a “buy” rating in a research report on Tuesday. Bank of America upgraded Greif from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $77.00 in a research report on Monday, June 17th. Finally, Truist Financial started coverage on Greif in a research report on Thursday, April 18th. They issued a “hold” rating and a $71.00 price objective for the company. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.