Aigen Investment Management LP Acquires New Position in Greif, Inc. $GEF

Aigen Investment Management LP bought a new position in Greif, Inc. (NYSE:GEF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,761 shares of the industrial products company’s stock, valued at approximately $525,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Stifel Financial Corp grew its position in Greif by 0.7% in the 4th quarter. Stifel Financial Corp now owns 57,581 shares of the industrial products company’s stock worth $3,898,000 after purchasing an additional 398 shares during the last quarter. Neuberger Berman Group LLC grew its position in Greif by 14.1% in the 4th quarter. Neuberger Berman Group LLC now owns 4,823 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 596 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Greif by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 567,333 shares of the industrial products company’s stock worth $38,408,000 after purchasing an additional 1,455 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in Greif in the 4th quarter worth about $221,000. Finally, Inceptionr LLC grew its position in Greif by 35.1% in the 4th quarter. Inceptionr LLC now owns 5,337 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 1,387 shares during the last quarter. Institutional investors own 45.74% of the company’s stock.

Insider Buying and Selling

In related news, SVP Timothy Bergwall sold 2,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $65.26, for a total transaction of $130,520.00. Following the completion of the sale, the senior vice president directly owned 65,832 shares of the company’s stock, valued at $4,296,196.32. This represents a 2.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,000 shares of company stock worth $406,680 over the last ninety days. 7.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GEF has been the subject of several recent analyst reports. Weiss Ratings cut shares of Greif from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Truist Financial decreased their target price 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. Wells Fargo & Company decreased their target price on shares of Greif from $76.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday, March 20th. Finally, Zacks Research raised shares of Greif from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Greif presently has a consensus rating of “Hold” and an average price target of $73.50.

Greif Trading Up 1.3%

Shares of NYSE:GEF opened at $69.31 on Tuesday. The company has a 50 day moving average of $66.10 and a 200-day moving average of $68.55. The firm has a market cap of $3.20 billion, a P/E ratio of 26.55, a P/E/G ratio of 0.71 and a beta of 0.80. Greif, Inc. has a twelve month low of $55.75 and a twelve month high of $77.14. The company has a current ratio of 1.28, a quick ratio of 1.00 and a debt-to-equity ratio of 0.24.

Greif (NYSE:GEF) last issued its quarterly earnings results on Wednesday, April 29th. The industrial products company reported $1.10 earnings per share 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 company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the company posted $1.19 earnings per share. The company’s revenue was down .5% on a year-over-year basis. As a group, analysts anticipate that Greif, Inc. will post 3.87 earnings per share for the current fiscal year.

Greif Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Wednesday, June 17th will be paid a dividend of $0.62 per share. This is a boost from Greif’s previous quarterly dividend of $0.56. This represents a $2.48 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, June 17th. Greif’s dividend payout ratio (DPR) is currently 85.82%.

Greif 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.