Greif, Inc. $GEF Shares Sold by Cambria Investment Management L.P.

Cambria Investment Management L.P. trimmed its holdings in Greif, Inc. (NYSE:GEF) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 142,079 shares of the industrial products company’s stock after selling 10,070 shares during the period. Cambria Investment Management L.P. owned 0.30% of Greif worth $8,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Blue Trust Inc. raised its position in Greif by 36.2% during the third quarter. Blue Trust Inc. now owns 662 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 176 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Greif during the 2nd quarter worth approximately $214,000. Neuberger Berman Group LLC purchased a new position in shares of Greif during the 2nd quarter worth approximately $216,000. Captrust Financial Advisors acquired a new position in shares of Greif during the 2nd quarter worth approximately $227,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Greif during the 2nd quarter worth approximately $230,000. 45.74% of the stock is currently owned by hedge funds and other institutional investors.

Greif Price Performance

Shares of Greif stock opened at $64.41 on Thursday. The business’s fifty day moving average price is $71.99 and its 200 day moving average price is $65.89. Greif, Inc. has a twelve month low of $48.23 and a twelve month high of $77.14. The company has a current ratio of 1.23, a quick ratio of 0.93 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $2.98 billion, a P/E ratio of 23.85, a PEG ratio of 0.51 and a beta of 0.95.

Greif (NYSE:GEF) last announced its quarterly earnings results on Tuesday, January 27th. The industrial products company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.21). The firm had revenue of $994.80 million for the quarter, compared to analyst estimates of $1.02 billion. Greif had a return on equity of 8.46% and a net margin of 7.52%.The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share. As a group, research analysts anticipate that Greif, Inc. will post 4.11 earnings per share for the current year.

Greif Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 16th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, March 16th. Greif’s dividend payout ratio is 82.96%.

Insider Transactions at Greif

In other news, SVP Kimberly Anne Kellermann sold 5,265 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $71.99, for a total value of $379,027.35. Following the completion of the sale, the senior vice president owned 5,808 shares of the company’s stock, valued at $418,117.92. This represents a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Lawrence A. Hilsheimer sold 22,778 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $71.83, for a total transaction of $1,636,143.74. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have bought 22,252 shares of company stock valued at $1,971,735 and have sold 54,211 shares valued at $3,950,846. 7.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on GEF. Wells Fargo & Company increased their target price on Greif from $73.00 to $76.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Wall Street Zen raised Greif from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Robert W. Baird set a $75.00 price objective on Greif in a research report on Thursday, January 29th. Truist Financial increased their price objective on Greif from $71.00 to $79.00 and gave the company a “hold” rating in a research note on Tuesday, January 6th. Finally, Zacks Research upgraded Greif from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average price target of $75.25.

About Greif

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.