Deprince Race & Zollo Inc. Sells 105,807 Shares of Greif, Inc. $GEF

Deprince Race & Zollo Inc. lowered its holdings in Greif, Inc. (NYSE:GEF) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 757,929 shares of the industrial products company’s stock after selling 105,807 shares during the period. Greif comprises 0.9% of Deprince Race & Zollo Inc.’s holdings, making the stock its 29th largest position. Deprince Race & Zollo Inc.’s holdings in Greif were worth $45,294,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Greif by 36.2% in the 3rd quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock worth $40,000 after buying an additional 176 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new stake in Greif in the second quarter worth about $214,000. Neuberger Berman Group LLC bought a new stake in Greif in the second quarter worth about $216,000. Captrust Financial Advisors purchased a new position in Greif in the second quarter valued at about $227,000. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Greif in the second quarter valued at about $230,000. 45.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Truist Financial decreased their price target on shares of Greif from $72.00 to $71.00 and set a “hold” rating for the company in a research note on Monday, September 8th. Zacks Research lowered Greif from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of Greif in a report on Wednesday, October 8th. Wall Street Zen upgraded Greif from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Finally, Bank of America cut their target price on shares of Greif from $77.00 to $71.00 and set a “neutral” rating for the company in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $69.50.

Greif Stock Performance

Greif stock opened at $70.21 on Friday. Greif, Inc. has a 1-year low of $48.23 and a 1-year high of $70.89. The company has a current ratio of 1.41, a quick ratio of 1.18 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $3.34 billion, a PE ratio of 22.29 and a beta of 0.95. The firm’s 50 day simple moving average is $63.26 and its 200 day simple moving average is $63.67.

Greif Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Thursday, December 18th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, December 18th. Greif’s dividend payout ratio is currently 71.11%.

Insider Transactions at Greif

In other news, EVP Gary R. Martz sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $60.48, for a total transaction of $302,400.00. Following the completion of the transaction, the executive vice president owned 28,100 shares of the company’s stock, valued at approximately $1,699,488. The trade was a 15.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bala Sathyanarayanan sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $66.62, for a total transaction of $466,340.00. Following the completion of the sale, the executive vice president directly owned 37,725 shares in the company, valued at $2,513,239.50. This represents a 15.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have bought 32,293 shares of company stock worth $2,145,733 and have sold 70,584 shares worth $4,385,849. 7.60% of the stock is currently owned by insiders.

Greif Company Profile

Greif, Inc is a global leader in industrial packaging products and services, with a history dating back to its founding in 1877. Headquartered in Cleveland, Ohio, the company has evolved from a regional barrel and drum manufacturer into a diversified packaging provider serving a wide range of end markets. Greif’s longstanding heritage in container solutions has positioned it as a trusted partner for customers seeking reliable, high-quality packaging options.

The company’s core business revolves around the design, manufacture and sale of industrial packaging products, including steel, plastic and fiber drums; intermediate bulk containers (IBCs); safety closures; rigid, flexible and reconditioned packaging; containerboard and protective packaging.