AXQ Capital LP Invests $633,000 in Greif, Inc. $GEF

AXQ Capital LP purchased a new position in Greif, Inc. (NYSE:GEF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,350 shares of the industrial products company’s stock, valued at approximately $633,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in Greif by 75.5% during the third quarter. Ameriprise Financial Inc. now owns 524,603 shares of the industrial products company’s stock worth $31,352,000 after buying an additional 225,659 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Greif during the second quarter worth $6,052,000. Deprince Race & Zollo Inc. lifted its stake in Greif by 10.5% during the fourth quarter. Deprince Race & Zollo Inc. now owns 837,742 shares of the industrial products company’s stock worth $56,715,000 after purchasing an additional 79,813 shares during the last quarter. Medina Value Partners LLC raised its holdings in shares of Greif by 19.3% during the 3rd quarter. Medina Value Partners LLC now owns 372,250 shares of the industrial products company’s stock worth $22,246,000 after buying an additional 60,338 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Greif during the 2nd quarter worth $3,709,000. Institutional investors own 45.74% of the company’s stock.

Greif Stock Down 0.4%

GEF stock opened at $63.21 on Thursday. The company has a market cap of $2.92 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 0.65 and a beta of 0.80. Greif, Inc. has a fifty-two week low of $55.02 and a fifty-two week high of $77.14. The stock’s 50 day simple moving average is $66.25 and its 200 day simple moving average is $68.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.00 and a current ratio of 1.28.

Greif (NYSE:GEF) last issued its earnings results on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.06). Greif had a return on equity of 7.50% and a net margin of 7.27%.The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the business earned $1.19 earnings per share. Greif’s revenue for the quarter was down .5% on a year-over-year basis. On average, research analysts expect that Greif, Inc. will post 3.87 earnings per share for the current fiscal year.

Greif Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $2.48 dividend on an annualized basis and a yield of 3.9%. This is an increase from Greif’s previous quarterly dividend of $0.56. Greif’s dividend payout ratio is presently 85.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. Truist Financial lowered their price objective on shares of Greif from $79.00 to $78.00 and set a “hold” rating for the company in a research report on Monday, May 4th. Weiss Ratings cut Greif from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Finally, Zacks Research upgraded shares of Greif from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.50.

Insider Activity at Greif

In other news, SVP Timothy Bergwall sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $67.66, for a total value of $135,320.00. Following the transaction, the senior vice president owned 67,832 shares in the company, valued at $4,589,513.12. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 6,000 shares of company stock valued at $411,140 over the last three months. Corporate insiders own 7.70% of the company’s stock.

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.